(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 2024-03-20 View latest technical analysis
10 day averaged volume of Fortinet Inc is 5365640
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Wed Mar 2024 | 67.87 | 67.79 | 68.06 | 67.02 | 0.788 times |
| 19 Tue Mar 2024 | 67.79 | 67.13 | 67.88 | 66.45 | 0.57 times |
| 18 Mon Mar 2024 | 67.55 | 66.99 | 68.18 | 66.81 | 0.729 times |
| 15 Fri Mar 2024 | 66.72 | 67.72 | 67.97 | 66.51 | 1.886 times |
| 14 Thu Mar 2024 | 68.04 | 69.29 | 69.75 | 67.62 | 1.211 times |
| 13 Wed Mar 2024 | 70.18 | 71.59 | 71.59 | 70.00 | 0.76 times |
| 12 Tue Mar 2024 | 71.34 | 71.68 | 71.95 | 70.74 | 0.719 times |
| 11 Mon Mar 2024 | 71.46 | 70.93 | 71.80 | 69.91 | 0.585 times |
| 08 Fri Mar 2024 | 71.35 | 73.26 | 73.50 | 71.09 | 0.984 times |
| 07 Thu Mar 2024 | 73.07 | 71.95 | 73.33 | 71.19 | 1.177 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 67.7 as stoploss in an intra day buy trade for a target of 69.46. However, stock will show a bearish move below 67.7.
Share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Target | 44.12 |
| Downside Target | 50.65 |
| Downside Target | 56.94 |
| Downside Target | 58.19 |
| Downside Target | 59.87 |
| Downside Target | 66.45 |
| Upside Target | 68.18 |
| Upside Target | 68.36 |
| Upside Target | 70.49 |
| Upside Target | 71.95 |
| Upside Target | 73.50 |
| Upside Target | 73.91 |
Intraday share price targets for Fortinet Inc (FTNT)
| Target Type | Value |
| Downside Intraday Target | 66.82 |
| Downside Intraday Target | 65.77 |
| Upside Intraday Target | 68.55 |
| Upside Intraday Target | 69.23 |
| Downside Intraday Target | 67.5 |
Weekly technical analysis of Fortinet Inc (FTNT)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Wed Mar 2024 | 67.87 | 66.99 | 68.18 | 66.45 | 0.404 times |
| 15 Fri Mar 2024 | 66.72 | 70.93 | 71.95 | 66.51 | 0.92 times |
| 08 Fri Mar 2024 | 71.35 | 70.68 | 73.50 | 67.31 | 1.278 times |
| 01 Fri Mar 2024 | 70.44 | 68.00 | 70.49 | 67.77 | 0.857 times |
| 23 Fri Feb 2024 | 67.64 | 68.16 | 68.36 | 61.00 | 1.271 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Fortinet Inc (FTNT)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 20 Wed Mar 2024 | 67.87 | 69.09 | 73.50 | 66.45 | 0.493 times |
| 29 Thu Feb 2024 | 69.11 | 64.71 | 73.91 | 61.00 | 1.061 times |
| 31 Wed Jan 2024 | 64.49 | 58.10 | 67.36 | 56.94 | 1.139 times |
| 29 Fri Dec 2023 | 58.53 | 52.05 | 59.87 | 50.65 | 0.609 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer 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.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Fortinet Inc in short term but the sell signal is initial and weak.
Fortinet Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Fortinet Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 69.32 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 mid to longer 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.
ADX buy sell signal for Fortinet Inc stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Fortinet Inc in short term but the sell signal is initial and weak.
Fortinet Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of green color and prices are in or below the green 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 and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Fortinet Inc is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 69.32 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.