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(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.

10 day averaged volume of Fortinet Inc is 5780640

Date Daily Closing Price Open High Low Volume
18 Mon Mar 2024 67.55 66.99 68.18 66.81 0.676 times
15 Fri Mar 2024 66.72 67.72 67.97 66.51 1.75 times
14 Thu Mar 2024 68.04 69.29 69.75 67.62 1.124 times
13 Wed Mar 2024 70.18 71.59 71.59 70.00 0.706 times
12 Tue Mar 2024 71.34 71.68 71.95 70.74 0.667 times
11 Mon Mar 2024 71.46 70.93 71.80 69.91 0.543 times
08 Fri Mar 2024 71.35 73.26 73.50 71.09 0.913 times
07 Thu Mar 2024 73.07 71.95 73.33 71.19 1.092 times
06 Wed Mar 2024 71.32 70.97 71.73 69.11 1.28 times
05 Tue Mar 2024 69.04 71.07 71.07 67.31 1.183 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 67.4 as stoploss in an intra day buy trade for a target of 69.34. However, stock will show a bearish move below 67.4.

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 66.51
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 66.85
Downside Intraday Target 66.14
Upside Intraday Target 68.22
Upside Intraday Target 68.88
Downside Intraday Target 67.51

Weekly technical analysis of Fortinet Inc (FTNT)

Date Weekly Closing Price Open High Low Volume
18 Mon Mar 2024 67.55 66.99 68.18 66.81 0.141 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
18 Mon Mar 2024 67.55 69.09 73.50 66.51 0.445 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 getting stronger in this stock.

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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 69.73 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 getting stronger in this stock.

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 BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 69.73 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.

Daily charts

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Daily chart
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