Technical Analysis for FTNT - Fortinet, Inc.

Grade Last Price % Change Price Change
D 63.40 -0.98% -0.63
FTNT closed down 0.98 percent on Friday, April 19, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
Earnings due: May 2
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish -0.98%
Lower Bollinger Band Walk Weakness -0.98%
Lower Bollinger Band Touch Weakness -0.98%
Oversold Stochastic Weakness -0.98%
NR7 Range Contraction -1.95%
NR7-2 Range Contraction -1.95%
Lower Bollinger Band Walk Weakness -1.95%

   Recent Intraday Alerts

Alert Time
Fell Below Lower Bollinger Band about 12 hours ago
60 Minute Opening Range Breakdown about 12 hours ago
Down 1% about 12 hours ago
Fell Below Previous Day's Low about 16 hours ago
Lower Bollinger Band Support about 16 hours ago

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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 Ethernet Work From Home Cybersecurity Security Solution Computer Networking Laptop Network Architecture Firewall Authentication VPN Manufacturing Industries Enterprise Applications Virtual Private Network Wireless Access 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

Indicators

Indicator Value
52 Week High 81.23
52 Week Low 44.15
Average Volume 4,926,848
200-Day Moving Average 62.87
50-Day Moving Average 68.53
20-Day Moving Average 67.40
10-Day Moving Average 66.07
Average True Range 1.88
RSI (14) 34.21
ADX 18.19
+DI 14.03
-DI 28.15
Chandelier Exit (Long, 3 ATRs) 67.98
Chandelier Exit (Short, 3 ATRs) 68.57
Upper Bollinger Bands 71.63
Lower Bollinger Band 63.17
Percent B (%b) 0.03
BandWidth 12.55
MACD Line -1.15
MACD Signal Line -0.56
MACD Histogram -0.587
Fundamentals Value
Market Cap 48.69 Billion
Num Shares 768 Million
EPS 1.46
Price-to-Earnings (P/E) Ratio 43.42
Price-to-Sales 10.20
Price-to-Book 699.20
PEG Ratio 1.91
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 65.64
Resistance 3 (R3) 65.72 65.07 65.26
Resistance 2 (R2) 65.07 64.50 65.02 65.14
Resistance 1 (R1) 64.23 64.15 63.91 64.15 65.01
Pivot Point 63.58 63.58 63.41 63.53 63.58
Support 1 (S1) 62.74 63.01 62.42 62.66 61.79
Support 2 (S2) 62.09 62.66 62.04 61.66
Support 3 (S3) 61.25 62.09 61.54
Support 4 (S4) 61.17