FORTINET INC (FTNT) Technical Analysis
NASDAQ:FTNT • US34959E1091
Current stock price
FTNT Technical Rating and Analysis
Taking everything into account, FTNT scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. FTNT was also a bad performer in the overall market in the last year.
- 78% of all other stocks performed better in the past year than FTNT.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month FTNT has a been trading in the 76.01 - 87.64 range, which is quite wide. It is currently trading near the high of this range.
- FTNT has an average volume of 5989380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- FTNT is an average performer in the Software industry, it outperforms 63% of 272 stocks in the same industry.
- FTNT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTNT is lagging the market.
FTNT Weekly and Daily overview Charts
FTNT Setup Rating and Analysis
Although the technical rating is only medium, FTNT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 86.30. Right above this resistance zone may be a good entry point.
More info and screens
FTNT Support and Resistance Analysis
73.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 81.91 to 82.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.44 to 78.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 74.39 to 74.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 86.30 to 87.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
FTNT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FTNT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTNT is up. |
| ChartMill Relative Strength | 22.72 | NEGATIVE | FTNT has a low relative strength, it was outperformed by 77.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of FTNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.72 | NEUTRAL | The RSI value for FTNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests FTNT has a positive trend. |
| Stochastics (14,3) | 81.6 | OVERBOUGHT | The high Stochastics value suggests FTNT may be overbought. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for FTNT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.25 | NEGATIVE | The low ADX value for FTNT suggests a weak or negative trend. |
FTNT Chart- and CandleStick Pattern Analysis
FTNT Technicals: Chart, Performance Metrics, Trend & Indicators
86.29
+1.98 (+2.35%)
FORTINET INC / FTNT TA FAQ
What is the ChartMill technical rating of FORTINET INC (FTNT) stock?
ChartMill assigns a technical rating of 5 / 10 to FTNT.
What is the current trend direction of FORTINET INC (FTNT) stock?
The current trend direction for FORTINET INC (FTNT) is Bearish.
Can you provide the RSI signal for FORTINET INC?
FORTINET INC (FTNT) has an RSI value of 57.7179. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORTINET INC?
The MACD indicator for FORTINET INC (FTNT) has a value of 0.366604, indicating a bearish trend.
What is the short term momentum for FTNT stock?
The short term momentum for FORTINET INC (FTNT) is positive.