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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 7699680

Date Daily Closing Price Open High Low Volume
10 Wed Aug 2022 53.89 54.04 54.32 53.34 0.802 times
09 Tue Aug 2022 52.19 52.91 53.36 51.90 0.57 times
08 Mon Aug 2022 53.32 53.52 54.37 53.17 0.802 times
05 Fri Aug 2022 53.39 52.00 53.45 51.24 1.53 times
05 Fri Aug 2022 53.39 52.00 53.45 51.24 1.53 times
04 Thu Aug 2022 52.61 56.83 56.96 52.00 2.557 times
03 Wed Aug 2022 62.88 61.19 63.16 60.83 0.844 times
02 Tue Aug 2022 60.37 59.55 61.03 59.40 0.524 times
01 Mon Aug 2022 60.06 59.03 60.95 58.58 0.514 times
29 Fri Jul 2022 59.65 59.46 59.93 58.53 0.624 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.4, but if it comes above 54.4, then a intra day buy could be more profitable.
If you take a sell trade below 54.4, then use 54.4 as stoploss and 50.4 as target. However if you take a buy trade in stock , then use 54.4 as stoploss and 57.82 as target.

Share price targets for Fortinet Inc (FTNT)

Target Type Value
Downside Target 51.24
Downside Target 53.45
Upside Target 57.78
Upside Target 61.24
Upside Target 63.16
Upside Target 63.40
Upside Target 63.56
Upside Target 243.63
Upside Target 287.64
Upside Target 309.60
Upside Target 312.03
Upside Target 357.58

Intraday share price targets for Fortinet Inc (FTNT)

Target Type Value
Downside Intraday Target 52.4
Downside Intraday Target 50.92
Upside Intraday Target 54.87
Upside Intraday Target 55.86
Downside Intraday Target 53.39

Weekly technical analysis of Fortinet Inc (FTNT)

Date Weekly Closing Price Open High Low Volume
10 Wed Aug 2022 53.89 53.52 54.37 51.90 1.421 times
05 Fri Aug 2022 53.39 52.00 53.45 51.24 0.256 times
05 Fri Aug 2022 53.39 59.03 63.16 51.24 2.03 times
29 Fri Jul 2022 59.65 61.18 61.24 55.21 0.962 times
22 Fri Jul 2022 61.23 60.43 63.40 57.78 1.057 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
10 Wed Aug 2022 53.89 59.03 63.16 51.24 0.823 times
29 Fri Jul 2022 59.65 56.40 63.56 55.21 1.915 times
30 Thu Jun 2022 56.58 296.26 312.03 55.19 1.231 times
31 Tue May 2022 294.14 288.56 309.60 243.63 1.977 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)

Indicator Name Indicator Value Indicator Signal
ADX 18, 44, 42 Sell
MACD -40, -46Buy
Stochastics 16Sell
CCI -43Buy
RSI 21Sell
OBV 14680500Sell
VWAP 55Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Fortinet Inc ( (FTNT) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 losing momentum.

MACD generated a BUY signal for Fortinet Inc in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 and selling is picking up 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 55.01 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 negative.

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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