Technical Analysis for FTNT - Fortinet, Inc.

Grade Last Price % Change Price Change
B 107.66 2.81% 2.94
FTNT closed up 2.81 percent on Friday, February 7, 2025, on 2.6 times normal volume. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
New 52 Week Closing High Bullish 0.00%
Expansion Breakout Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Reversal New Highs Setup Bullish Swing Setup 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
Wide Range Bar Range Expansion 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bearish Other 0.00%

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Profile

Fortinet, Inc. Description

Fortinet, Inc. provides network security solutions worldwide. It offers FortiGate physical and virtual appliances that provide a set of security and networking functions, including firewall, VPN, application control, antivirus, intrusion prevention, Web filtering, anti-spam, and WAN acceleration. The company also offers FortiManager product family, which enables customers to manage system configuration and security functions of multiple FortiGate devices from a centralized console; and the FortiAnalyzer product family, which enables the collection, analysis, and archiving of content and log data generated by its products. In addition, it offers FortiAP secure wireless access points; FortiWeb, which provides security for Web-based applications; FortiMail for multi-featured messaging security; FortiDB for centrally managed database-specific security; FortiClient, which provides endpoint security for desktops, laptops, and mobile devices; and FortiScan for endpoint vulnerability assessment and remediation. Further, the company offers FortiSwitch Ethernet switches; FortiBridge bypass appliances to help ensure network availability; FortiAuthenticator for scalable secure authentication for enterprise networks; FortiBalancer for optimizing the availability and performance of mobile, cloud, and enterprise applications; FortiCache, which reduces the cost of and impact of cached Internet content; FortiDNS, which provides secure DNS caching; FortiDDoS for protection against denial of service attack; and FortiVoice for business telephone communication. Additionally, it offers security subscription, technical support, training, and professional services. The company serves telecommunications, government, financial, retail, education, technology, healthcare, and manufacturing industries. It offers its products and services directly to distributors who sell to resellers and service providers. The company was founded in 2000 and is headquartered in Sunnyvale, California.


Classification

Sector: Technology
Industry: Software - Application
Keywords: S&P 500 Computing Telecommunications Nasdaq 100 Mobile Devices IBD 50 Ethernet Work From Home Cybersecurity Security Solution Computer Networking Network Architecture Laptop Firewall VPN Authentication Manufacturing Industries Wireless Access Enterprise Applications Virtual Private Network Content Control Software Endpoint Security Internet Content Network Security Solutions Wireless Access Points Caching DNS

Is FTNT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Comments

Indicators

Indicator Value
52 Week High 110.53
52 Week Low 54.57
Average Volume 4,302,624
200-Day Moving Average 76.81
50-Day Moving Average 97.31
20-Day Moving Average 98.54
10-Day Moving Average 101.89
Average True Range 3.04
RSI (14) 76.30
ADX 15.91
+DI 35.38
-DI 14.19
Chandelier Exit (Long, 3 ATRs) 101.42
Chandelier Exit (Short, 3 ATRs) 99.91
Upper Bollinger Bands 106.95
Lower Bollinger Band 90.14
Percent B (%b) 1.04
BandWidth 17.06
MACD Line 2.59
MACD Signal Line 1.66
MACD Histogram 0.9293
Fundamentals Value
Market Cap 82.52 Billion
Num Shares 766 Million
EPS 2.33
Price-to-Earnings (P/E) Ratio 46.21
Price-to-Sales 14.45
Price-to-Book 55.24
PEG Ratio 1.86
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 119.90
Resistance 3 (R3) 119.50 115.01 117.86
Resistance 2 (R2) 115.01 111.90 115.22 117.18
Resistance 1 (R1) 111.34 109.97 109.10 111.74 116.50
Pivot Point 106.85 106.85 105.73 107.06 106.85
Support 1 (S1) 103.18 103.74 100.94 103.58 98.82
Support 2 (S2) 98.69 101.81 98.90 98.14
Support 3 (S3) 95.02 98.69 97.46
Support 4 (S4) 95.42