Fortinet Inc (FTNT) Technical (Analysis) Reports Fortinet Inc ["Technical Analysis"] Reports -USA Stock Exchange MunafaSutra.com
Complete & easy to understand technical analysis of Fortinet Inc (FTNT)
Technical Analysis Report for USA stock FTNT Fortinet Inc. Dated: 15 Jul 2024 Updated Daily. Stock trades under Technology Deals in Computer Peripheral Equipment in USA stock exchange
If you are looking for Tomorrow's Movement Predictions for USA stock FTNT Fortinet Inc then click here. or read Experts views on Fortinet Inc or Forecast & share price targets of Fortinet Inc
Fortinet Inc Opened at 59.74 and Closed at: 59.90, which is 0.58% of previous session's close. It moved within a range of 59.26 and 60.72
The session was a Bullish session with an average volume of 3879700, which is -13.38% of previous session's volumes.
- Even though the stock has shown an up move, but the short term trend of the stock remains negative and in a downtrend.
- Even though the stock has shown an up move, but the mid term trend of the stock remains negative and in a downtrend.
A Golden cross was found 7 days back on short term averages
A Golden cross was found 5 days back on mid term averages
Support for tomorrow is 59.58 and resistance for tomorrow is 61.04
These support and resistance points are valid for the first 5-15 minutes charts
Above are simple pivot point calculations. For a list of much stronger support and resistance levels click here. These are way more stronger support and resistance levels, and mark trend reversals and are Support & Resistance levels recommended by experts.
Support for tomorrow's hourly charts is 59.2, 58.5 resistance for tomorrow's hourly charts is 60.66, 61.42
10 Day SMA for Fortinet Inc (FTNT) is 60.18 and stock is trading below these levels. This is not a good sign for its short term trend
20 Day SMA for Fortinet Inc (FTNT) is 59.59 and the stock is trading above these levels. This is a good sign for its mid term trend
50 Day SMA for Fortinet Inc (FTNT) is 59.79 and the stock is trading above these levels. This is a good sign for its mid to long term trend
100 Day SMA is 63.77 and the stock is trading below these levels. This is not a good sign for its long term trend
200 Day SMA Fortinet Inc is 61.31 and stock is trading below these levels. This is not a good sign for its long term trend
20 DMA of Fortinet Inc is at 59.59 and 200 DMA is at 61.31, while 50 DMA and 100 DMA are at 59.79 and 63.77 respectively
Fortinet Inc (FTNT) moving average of 20 SMA is at 59.59 and 20 EMA is at 59.86
| Date | Closing Price | 20 SMA | 20 EMA |
| 15 Mon Jul | 59.90 | 59.59 | 59.86 |
| 12 Fri Jul | 59.55 | 59.64 | 59.86 |
| 11 Thu Jul | 58.79 | 59.7 | 59.89 |
| 10 Wed Jul | 59.59 | 59.77 | 60.01 |
| 09 Tue Jul | 60.28 | 59.83 | 60.05 |
| 08 Mon Jul | 60.11 | 59.8 | 60.03 |
Fortinet Inc (FTNT) moving average of 50 SMA is at 59.79 and 50 EMA is at 60.66
| Date | Closing Price | 50 SMA | 50 EMA |
| 15 Mon Jul | 59.90 | 59.79 | 60.66 |
| 12 Fri Jul | 59.55 | 59.9 | 60.69 |
| 11 Thu Jul | 58.79 | 59.98 | 60.74 |
| 10 Wed Jul | 59.59 | 60.07 | 60.82 |
| 09 Tue Jul | 60.28 | 60.16 | 60.87 |
| 08 Mon Jul | 60.11 | 60.24 | 60.89 |
Fortinet Inc (FTNT) moving average of 100 SMA is at 63.77 and 100 EMA is at 61.81
| Date | Closing Price | 100 SMA | 100 EMA |
| 15 Mon Jul | 59.90 | 63.77 | 61.81 |
| 12 Fri Jul | 59.55 | 63.85 | 61.85 |
| 11 Thu Jul | 58.79 | 63.93 | 61.9 |
| 10 Wed Jul | 59.59 | 63.99 | 61.96 |
| 09 Tue Jul | 60.28 | 64.07 | 62.01 |
| 08 Mon Jul | 60.11 | 64.16 | 62.04 |
Fortinet Inc (FTNT) moving average of 200 SMA is at 61.31 and 200 EMA is at 62.21
| Date | Closing Price | 200 SMA | 200 EMA |
| 15 Mon Jul | 59.90 | 61.31 | 62.21 |
| 12 Fri Jul | 59.55 | 61.3 | 62.23 |
| 11 Thu Jul | 58.79 | 61.29 | 62.26 |
| 10 Wed Jul | 59.59 | 61.29 | 62.29 |
| 09 Tue Jul | 60.28 | 61.29 | 62.32 |
| 08 Mon Jul | 60.11 | 61.28 | 62.34 |
Instructure Inc has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Instructure Inc, about 1.87% more returns!
Godaddy Inc has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Godaddy Inc, about 5.84% more returns!
Salesforce Com has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Salesforce Com, about 7.81% more returns!
Fortinet Inc has performed better than Trade Desk in short term. Holding Fortinet Inc could be a better choice for now!
Tenable Holdings has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Tenable Holdings, about 13.34% more returns!
Fortinet Inc has performed better than Spi Energy in short term. Holding Fortinet Inc could be a better choice for now!
Echostar Corporation has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Echostar Corporation, about 15.69% more returns!
Ribbon Communications has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Ribbon Communications, about 27.16% more returns!
Quest Resource has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Quest Resource, about 2.77% more returns!
Paylocity Holding has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Paylocity Holding, about 8.49% more returns!
Fortinet Inc has performed better than Nvidia Corporation in short term. Holding Fortinet Inc could be a better choice for now!
Lincoln Electric has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Lincoln Electric, about 7.09% more returns!
Jack Henry has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Jack Henry, about 1.91% more returns!
Fortinet Inc has performed better than Foresight Autonomous in short term. Holding Fortinet Inc could be a better choice for now!
Formfactor Inc has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Formfactor Inc, about 0.38% more returns!
Extreme Networks has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Extreme Networks, about 9.89% more returns!
Amtech Systems has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Amtech Systems, about 11.98% more returns!
Fortinet Inc has performed better than Applied Materials in short term. Holding Fortinet Inc could be a better choice for now!
Adobe Inc has performed better than Fortinet Inc in short term. You could have earned much better returns by investing in Adobe Inc, about 7.05% more returns!
Fortinet Inc Technical analysis of indicators
Price action analysis of Fortinet Inc (FTNT) based on a short term time period is neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Fortinet Inc stock for short term is BUY. Signal strength is Weak 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above 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 positive zone. This is a BUY 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 60.12 and Fortinet Inc FTNT stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.
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 is giving positive 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.
Tomorrow's Predictions
You should also read Tomorrow's Movement Predictions for USA stock FTNT Fortinet Inc These predictions are based on various factors, are easy to understand, and upto 75% accurate!
And FTNT Experts View which covers a lot of information including buying and selling signals
FTNT future forecast & share price targets
You can also take a look at the Charts and indicator analysis here Announcements & NEWS by Fortinet Inc or View Candle Stick Charts here
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