FTNT NEWS why is Fortinet, Inc. price falling or rising

FTNT NEWS reasons for why stock price of Fortinet, Inc. is falling or rising

FTNT Fortinet Inc is falling or rising technical reasons

Technical analysis forecast for Fortinet Inc Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Fortinet Inc FTNT at this time. Stock is falling and might fall more.

It appears as if Fortinet Inc FTNT gave a large move recently.

Stock of Fortinet Inc (FTNT) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Fortinet Inc is bearish for shortterm, and stock might move down till 59.6 or till 57.1. Use a stoploss of 61.64 and if the stock hits stoploss, then it can shoot up till 63.7

FTNT Fortinet Inc is falling or rising NEWS fundamental reasons

More announcements and NEWS

FTNT Fortinet, Inc. current price & indicator signals

Moving Averages for Fortinet, Inc.

  • 5Day Average: 61.52
  • 12Day Average: 60.44
  • 20Day Average: 61.14
  • 50Day Average: 64.71
  • 100Day Average: 65.77
  • 150Day Average: 62.02
  • 200Day Average: 61.38

FTNT Indicators & signals

Indicator MACD (12,26,9)

61.14, 62.14, -1.38
Indicator MACD is in negative zone

Indicator ADX (14)

18.18, 15.34, 22.16
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 36
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of FTNT Fortinet, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Thu May 2024 60.93 60.65 to 62.08 -1.04% 0.88 times
22 Wed May 2024 61.57 60.75 to 61.69 0.42% 0.72 times
21 Tue May 2024 61.31 59.85 to 61.80 -1.65% 1.21 times
20 Mon May 2024 62.34 60.85 to 62.41 1.48% 0.67 times
17 Fri May 2024 61.43 60.78 to 61.86 0.31% 0.66 times
16 Thu May 2024 61.24 59.58 to 61.35 0.84% 1.05 times
15 Wed May 2024 60.73 60.61 to 61.28 0.88% 0.84 times
14 Tue May 2024 60.20 59.23 to 60.50 0.96% 1.01 times
13 Mon May 2024 59.63 58.40 to 59.92 2.53% 1.29 times
10 Fri May 2024 58.16 58.07 to 59.40 0.09% 0.93 times
09 Thu May 2024 58.11 58.01 to 59.75 -2.55% 1.63 times
08 Wed May 2024 59.63 57.84 to 59.80 0.34% 2.57 times

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