Technical Analysis for FTNT - Fortinet, Inc.

Grade Last Price % Change Price Change
A 197.62 0.53% 1.04
FTNT closed up 0.53 percent on Friday, April 9, 2021, on 44 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical FTNT trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
New Uptrend Bullish 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish 0.53%
New 52 Week High Strength 0.53%
Overbought Stochastic Strength 0.53%
Narrow Range Bar Range Contraction 2.48%
NR7 Range Contraction 2.48%
Inside Day Range Contraction 2.48%
Older End-of-Day Signals for FTNT ...

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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: Telecommunications Computing Mobile Devices IBD 50 Work From Home Ethernet Cybersecurity Computer Networking Security Solution Security Solutions Laptop Network Architecture Authentication Firewall Computer Companies Enterprise Applications Bypass VPN Manufacturing Industries Virtual Private Network Wireless Access Content Control Software Endpoint Security Wireless Access Points Internet Content Internet Privacy Network Security Solutions 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 197.89
52 Week Low 99.6117
Average Volume 1,278,170
200-Day Moving Average 140.81
50-Day Moving Average 172.62
20-Day Moving Average 184.47
10-Day Moving Average 189.16
Average True Range 5.63
ADX 25.7
+DI 36.05
-DI 15.70
Chandelier Exit (Long, 3 ATRs ) 181.00
Chandelier Exit (Short, 3 ATRs ) 183.97
Upper Bollinger Band 200.81
Lower Bollinger Band 168.12
Percent B (%b) 0.9
BandWidth 17.72
MACD Line 6.38
MACD Signal Line 5.19
MACD Histogram 1.1912
Fundamentals Value
Market Cap 32.08 Billion
Num Shares 162 Million
EPS 2.68
Price-to-Earnings (P/E) Ratio 73.77
Price-to-Sales 8.73
Price-to-Book 28.70
PEG Ratio 2.16
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 202.30
Resistance 3 (R3) 201.81 199.75 201.52
Resistance 2 (R2) 199.75 198.56 200.00 201.26
Resistance 1 (R1) 198.69 197.83 199.22 199.18 201.00
Pivot Point 196.63 196.63 196.90 196.88 196.63
Support 1 (S1) 195.57 195.44 196.10 196.06 194.24
Support 2 (S2) 193.51 194.71 193.76 193.98
Support 3 (S3) 192.45 193.51 193.72
Support 4 (S4) 192.94