Technical Analysis for FTNT - Fortinet, Inc.

Grade Last Price % Change Price Change
B 78.74 -0.79% -0.63
FTNT closed down 0.79 percent on Wednesday, October 30, 2024, on 67 percent of normal volume.
Earnings due: Oct 31
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Inside Day Range Contraction 0.00%
Fell Below 20 DMA Bearish -0.79%
New Downtrend Bearish -0.79%
Multiple of Ten Bearish Other -0.79%
Gapped Down Weakness -0.79%
Inside Day Range Contraction -2.50%
Gapped Up Strength -2.50%
Outside Day Range Expansion -1.99%
1,2,3 Pullback Bullish Bullish Swing Setup -2.33%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.33%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 14 hours ago
Gapped Down (Full) 2 days ago
Fell Below Previous Day's Low 2 days ago
Down 2 % 2 days ago
Down 1% 2 days 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 IBD 50 Ethernet Work From Home Cybersecurity Security Solution Computer Networking Laptop Network Architecture Firewall Authentication VPN Enterprise Applications Manufacturing Industries 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 83.7692
52 Week Low 44.15
Average Volume 3,889,042
200-Day Moving Average 67.57
50-Day Moving Average 77.88
20-Day Moving Average 80.51
10-Day Moving Average 80.66
Average True Range 1.66
RSI (14) 46.81
ADX 27.7
+DI 21.42
-DI 21.79
Chandelier Exit (Long, 3 ATRs) 78.80
Chandelier Exit (Short, 3 ATRs) 80.97
Upper Bollinger Bands 84.21
Lower Bollinger Band 76.81
Percent B (%b) 0.26
BandWidth 9.19
MACD Line 0.82
MACD Signal Line 1.35
MACD Histogram -0.5287
Fundamentals Value
Market Cap 60.47 Billion
Num Shares 768 Million
EPS 1.46
Price-to-Earnings (P/E) Ratio 53.93
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) 80.74
Resistance 3 (R3) 80.91 80.41 80.40
Resistance 2 (R2) 80.41 79.91 80.33 80.29
Resistance 1 (R1) 79.58 79.59 79.33 79.41 80.18
Pivot Point 79.08 79.08 78.96 79.00 79.08
Support 1 (S1) 78.25 78.58 78.00 78.08 77.30
Support 2 (S2) 77.75 78.26 77.67 77.19
Support 3 (S3) 76.92 77.75 77.08
Support 4 (S4) 76.75