Technical Analysis for FTNT - Fortinet, Inc.

Grade Last Price % Change Price Change
B 94.02 1.70% 1.57
FTNT closed up 1.83 percent on Wednesday, November 20, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
NR7 Range Contraction 1.70%
NR7-2 Range Contraction 1.70%
Wide Bands Range Expansion 1.70%
NR7 Range Contraction 3.56%
Doji - Bullish? Reversal 3.56%
Multiple of Ten Bullish Other 3.56%
Wide Bands Range Expansion 3.56%
Down 3 Days in a Row Weakness 3.56%
Down 4 Days in a Row Weakness 3.56%
Down 5 Days in a Row Weakness 3.56%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 1 hour ago
60 Minute Opening Range Breakdown about 1 hour ago
Rose Above Previous Day's High about 2 hours ago
Up 1% about 2 hours ago
Possible NR7 about 22 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 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 100.59
52 Week Low 50.65
Average Volume 4,744,308
200-Day Moving Average 69.35
50-Day Moving Average 81.71
20-Day Moving Average 86.43
10-Day Moving Average 93.37
Average True Range 2.83
RSI (14) 62.83
ADX 34.53
+DI 36.24
-DI 21.16
Chandelier Exit (Long, 3 ATRs) 92.11
Chandelier Exit (Short, 3 ATRs) 86.20
Upper Bollinger Bands 101.59
Lower Bollinger Band 71.27
Percent B (%b) 0.7
BandWidth 35.08
MACD Line 3.84
MACD Signal Line 3.47
MACD Histogram 0.3695
Fundamentals Value
Market Cap 70.99 Billion
Num Shares 768 Million
EPS 1.46
Price-to-Earnings (P/E) Ratio 63.32
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) 95.27
Resistance 3 (R3) 94.97 93.73 94.80
Resistance 2 (R2) 93.73 93.01 93.88 94.64
Resistance 1 (R1) 93.09 92.57 93.41 93.39 94.49
Pivot Point 91.85 91.85 92.01 92.00 91.85
Support 1 (S1) 91.21 91.13 91.53 91.51 90.41
Support 2 (S2) 89.97 90.69 90.12 90.26
Support 3 (S3) 89.33 89.97 90.10
Support 4 (S4) 89.63