FTNT | NASDAQ Stock Exchange

Fortinet Inc
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Fortinet Inc: Current trading activity signals OBV accumulation is present
On Balance Volume /
Fortinet Inc: Current trading activity signals OBV accumulation is present

FTNT: OBV Current Signal ->(1) 24 Sep: BULLISH (2) 21 Sep: BULLISH (3) 20 Sep: BULLISH

[Uptrend]: The third timeframe trend has continued for FTNT
Long Trend /
[Uptrend]: The third timeframe trend has continued for FTNT

[BULLISH]: Fortinet Inc has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the May 8 2018.

Ease of Movement /
Price dipped caused by low volume trading for Fortinet Inc during last trading session

FTNT: EOM Current Signal -> (1) 24 Sep: BEARISH EASY (2) 21 Sep: BULLISH EASY (3) 20 Sep: BEARISH EASY

Average True Range /
FTNT: Average True Range has confirmed an uptrend @2.537

[Bullish]: Average True Range has confirmed an uptrend is present. Fortinet Inc has a TR of 3.55, and an ATR(14) of 2.537.

Elder Ray Index /
Daily trading has increased the bull power to drive prices for Fortinet Inc

[BULLISH]: Fortinet Inc Elder Ray Index is signalling a Bullish movementERI is 1.243 indicating bull power. Prices are being driven above the consensus of value for FTNT during the last trading session [Buying Pressure]

Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Fortinet Inc

[BULLISH]: Fortinet Inc currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.0%.

Positive momentum on the volume MACD histogram for FTNT is maintained & supports a bullish move is likely
MACD Volume /
Positive momentum on the volume MACD histogram for FTNT is maintained & supports a bullish move is likely

[BULLISH]: Fortinet Inc currently has positive Volume MACD of 134383. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Pivot Points /
Fortinet Inc has broken the first resistance point ($88.586) [Bullish]

Fortinet Inc has broken the first resistance point ($88.586) [Bullish]. Look for a long limit order entry near this point. Exit price for FTNT should be set @$89.923 & Stoploss for Fortinet Inc should be set between $82.823 & $81.486

Daily Volume Index /
Market conditions are indicating DVI accumulation is current for FTNT

[BULLISH]: Fortinet Inc (NASDAQ:FTNT) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 3488.

Fortinet Inc:Volume rate of Change (7)
Volume Rate of Change /
Fortinet Inc:Volume rate of Change (7)

[BULLISH]: Fortinet Inc currently has positive volume of change of 7%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is 2%.

Fortinet Inc: Buyers have taken control.
Open Tod Vs Close Tod /
Fortinet Inc: Buyers have taken control.

[BULLISH]: Fortinet Inc opened in the middle part of daily range at 37.2% & closed in the upper part of the trading range at 87%. This suggests the buyers have taken control. Over the last 12 months there has been 2 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Momentum /
5-day momentum is decreasing for Fortinet Inc

[BEARISH]: Fortinet Inc currently has negative momentum of -0.92 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 2%.The largest downward momentum rally for the last 3 months is 4 days producing a return of -0.3%.

Long White Candle /
FTNT Basic Candle: Long White

[BULLISH]: Fortinet Inc has formed a Long White candlestick. This means, FTNT has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Moving Average Envelope /
Oversold signal continues for Fortinet Inc indicating upward price movement is likely

[BULLISH]: Fortinet Inc current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 79.496.

[Long]: Entry price for FTNT should be set @$86.7075
Demarks Pivot Points /
[Long]: Entry price for FTNT should be set @$86.7075

Fortinet Inc has broken the first DeMark resistance point ($86.7075) [Bullish]. Look for a long limit order entry near this point. Exit price for FTNT should be set @$89.255 & Stoploss for Fortinet Inc should be set at $85.705

FTNT: Aroon oscillator has confirmed an strong uptrend @72
Aroon Oscillator /
FTNT: Aroon oscillator has confirmed an strong uptrend @72

[BULLISH]: Fortinet Inc has a current ARO(25) of 72. This has change -4 points from yesterday.

Percentage Volume /
Percentage volume oscillator remains positive for FTNT

[BULLISH]: Fortinet Inc currently has positive PVO 17.28%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Average Directional Movement /
[Strong Trend]: Average Directional Index @35.19 has confirmed a strong trend for FTNT

[Trend]: ADX for FTNT has confirmed a strong trend is present. Fortinet Inc has an ATR(14) of 2.537, a DX of 3.79 & an ADX(14) of 35.19

Triangular Moving Average /
[Downtrend]: Recent trading for FTNT indicates ST trend is likely to continue

[BEARISH]: Fortinet Inc currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 2.0%.

Exponential Moving Average(5) signal is confirmed for Fortinet Inc indicating upward price movement is likely
Exponential Moving Average /
Exponential Moving Average(5) signal is confirmed for Fortinet Inc indicating upward price movement is likely

FTNT: EMA(5) Current Signal -> (1) 24 Sep: BULLISH CROSSOVER (2) 21 Sep: BEARISH (3) 20 Sep: BEARISH

Fortinet Inc: Ulcer Index (2.867)
Ulcer Index /
Fortinet Inc: Ulcer Index (2.867)

[BEARISH]: Fortinet Inc UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.867.

Trading for Fortinet Inc highlights the commitment of buyers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Fortinet Inc highlights the commitment of buyers to carry positions overnight.

[BULLISH]: Fortinet Inc buyers are in control at the market close. This is the first day of buyer commitment for Fortinet Inc adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 3 trading days with the closing price in the upper part of the range giving a confirmation ratio of 1.1%. Over the last month there has been 3 trading days with the closing price in the upper range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 3 days in the upper price range compared to 3 days in the lower range giving a ratio of 1x.

Key Reversal /
A short term Key Reversal has formed with Fortinet Inc

[BULLISH]: A short term Key Reversal has formed with Fortinet Inc which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 1 occurrences of this bar reversal giving a signal probability of 0.4%.

Close Tod Vs Close Yest /
The biggest upward movement for Fortinet Inc this month has been 2.8

FTNT: Recent performance signals ->(1) 24 Sep: BULLISH (2) 21 Sep: NEUTRAL (3) 20 Sep: NEUTRAL

Accumulation / Distribution /
Accumulation still active for Fortinet Inc

[BULLISH]: Fortinet Inc (NASDAQ:FTNT) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 1.9954e+007.

Fibonacci Extensions /
Fortinet Inc: 1.618 Fibonacci Extension ($0)

Fortinet Inc has moved below the 161.8% level ($206.51) [Bullish]. Look for a long limit order entry near this point. Exit price for FTNT should be set @$188.74 & Stoploss for Fortinet Inc should be set at $224.28

The daily range for Fortinet Inc has achieved a lower low [Bearish]
Coles Reaction Day /
The daily range for Fortinet Inc has achieved a lower low [Bearish]

Fortinet Inc: Coles Reaction Day has been confirmed A lower low has been achieved for last trading day for FTNT

Fortinet Inc has moved above the R1 Woodie pivot point ($89.026) [Bullish]
Woodie Pivot Point /
Fortinet Inc has moved above the R1 Woodie pivot point ($89.026) [Bullish]

Fortinet Inc has broken the first Woodie resistance point ($89.026) [Bullish]. Look for a long limit order entry near this point. Exit price for FTNT should be set @$90.143 & Stoploss for Fortinet Inc should be set at $83.043

Bill Williams Market Facilitation /
Trend continuation possible for FTNT from reduced trading activity

Fortinet Inc Currently is a confirmed Fake Day. MFI indicator is up, volume is down for FTNT. Trend continuation possible for FTNT from reduced trading activity.

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