(FTNT) Fortinet Inc complete technical analysis [charts+indicators] | Buy/Sell Fortinet Inc | (FTNT) share price targets
Complete technical analysis of Fortinet Inc (FTNT) by charts plus indicators, forecast predictions and share price targets for Fortinet Inc (FTNT)
Fortinet Inc trades in USA in Technology sector.
Showing technical analysis as on 2024-07-12 View latest technical analysis
10 day averaged volume of Fortinet Inc is 4336830
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Fri Jul 2024 | 59.55 | 58.93 | 59.90 | 58.77 | 1.014 times |
| 11 Thu Jul 2024 | 58.79 | 59.63 | 59.92 | 58.78 | 1.009 times |
| 10 Wed Jul 2024 | 59.59 | 60.50 | 60.55 | 58.98 | 0.9 times |
| 09 Tue Jul 2024 | 60.28 | 60.26 | 60.78 | 59.32 | 0.822 times |
| 08 Mon Jul 2024 | 60.11 | 60.98 | 61.05 | 59.52 | 1.117 times |
| 05 Fri Jul 2024 | 61.09 | 60.62 | 61.38 | 60.37 | 0.72 times |
| 03 Wed Jul 2024 | 60.73 | 61.14 | 61.48 | 60.66 | 0.701 times |
| 03 Wed Jul 2024 | 60.73 | 61.14 | 61.48 | 60.66 | 0.701 times |
| 02 Tue Jul 2024 | 61.01 | 59.66 | 61.04 | 59.66 | 1.062 times |
| 01 Mon Jul 2024 | 59.85 | 60.43 | 60.43 | 59.58 | 1.126 times |
My analysis of stock is bearish for shortterm, and stock might move down till 58.7 or till 57.5. Use a stoploss of 59.64 and if the stock hits stoploss, then it can shoot up till 60.63
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 57.00 |
| Upside Target | 61.48 |
| Upside Target | 62.61 |
| Upside Target | 65.26 |
| Upside Target | 66.19 |
| Upside Target | 73.50 |
| Upside Target | 73.63 |
Intraday share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Intraday Target | 58.53 |
| Downside Intraday Target | 57.51 |
| Upside Intraday Target | 60.81 |
| Upside Intraday Target | 62.07 |
| Upside Intraday Target | 59.79 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Fri Jul 2024 | 59.55 | 60.98 | 61.05 | 58.77 | 3.424 times |
| 05 Fri Jul 2024 | 61.09 | 61.14 | 61.48 | 60.37 | 0.492 times |
| 03 Wed Jul 2024 | 60.73 | 60.43 | 61.48 | 59.58 | 0.435 times |
| 28 Fri Jun 2024 | 60.27 | 58.40 | 60.84 | 57.00 | 0.88 times |
| 21 Fri Jun 2024 | 58.56 | 60.88 | 61.25 | 57.17 | 3.12 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Fortinet Inc (FTNT)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 12 Fri Jul 2024 | 59.55 | 60.43 | 61.48 | 58.77 | 0.363 times |
| 28 Fri Jun 2024 | 60.27 | 59.61 | 61.48 | 57.00 | 0.732 times |
| 31 Fri May 2024 | 59.32 | 63.51 | 65.26 | 57.71 | 1.549 times |
| 30 Tue Apr 2024 | 63.18 | 68.73 | 73.63 | 62.61 | 1.024 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Fortinet Inc (FTNT)
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Fortinet Inc in short term and the sell signal is strong.
Fortinet Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fortinet Inc in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Fortinet Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 60.11 and Fortinet Inc (FTNT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Fortinet Inc (FTNT) stock. Volume based technical analysis of Fortinet Inc (FTNT) stock is negative.
Fortinet Inc Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Fortinet Inc ( (FTNT) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Fortinet Inc in short term and the sell signal is strong.
Fortinet Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Fortinet Inc in short term but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Fortinet Inc is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 60.11 and Fortinet Inc (FTNT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Fortinet Inc (FTNT) stock. Volume based technical analysis of Fortinet Inc (FTNT) stock is negative.
Fortinet Inc Stock has given negative returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.