FTNT | NASDAQ Stock Exchange

Fortinet Inc
+ Share

[Short]: Limit orders for Fortinet Inc should be set at $70.83
Camarilla Pivot Points /
[Short]: Limit orders for Fortinet Inc should be set at $70.83

Fortinet Inc has broken the first Camarilla support point ($70.83) [Bearish]. Look for a short limit order entry near this point. Exit price for FTNT should be set @$70.83 & short position stoploss for Fortinet Inc should be set between $99.551 & $106.731

Fortinet Inc currently has positive momentum of 1.37
Momentum /
Fortinet Inc currently has positive momentum of 1.37

[BULLISH]: Fortinet Inc currently has positive momentum of 1.37. This means the current price is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -3.5%. The largest upward momentum rally for the last 3 months is 2 days producing a return of 0%.

Moving Average Envelope /
Fortinet Inc: Price currently within envelope bands

[Close Long]: Fortinet Inc current trading has closed out Envelope Bands to overbought status and signalled the initiation of short trading conditions. Currently, the Upper Band is 87.7905.

MACD /
The MACD continues to rise above the signal line for FTNT [Bullish]

[BULLISH]: Fortinet Inc currently has positive MACD of 0.1833. This means the signal line is greater than the MACD line signalling a bullish movement.

Volume Rate of Change /
Negative VROC confirmation for Fortinet Inc is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Fortinet Inc currently has negative rate of change of -28%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -3.5%.

Pivot Points /
Fortinet Inc: Stoploss for short position should be set between $89.223 & $90.266

Fortinet Inc has broken the first support point ($83.103) [Bearish]. Look for a short limit order entry near this point. Exit price for FTNT should be set @$83.103 & short position stoploss for Fortinet Inc should be set between $89.223 & $90.266

The EMA trend following signal is still current for Fortinet Inc [Bullish]
Exponential Moving Average /
The EMA trend following signal is still current for Fortinet Inc [Bullish]

[BULLISH]: Fortinet Inc currently has a confirmed uptrend. Recent trading has caused the EMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA15 is -3.5%.

Stochastic Oscillator /
Fortinet Inc is no longer oversold [Neutral]

FTNT: Stochastic Oscillator Signal -> (1) 22 Mar: BULLISH CROSSUNDER (2) 21 Mar: BEARISH CROSSOVER (3) 20 Mar: NEUTRAL

Percentage Volume /
[Bearish]: Fortinet Inc currently has negative PVO -2.6

[BEARISH]: Fortinet Inc currently has negative PVO -2.6%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.3%.

Trading conditions for Fortinet Inc have reduced trend reversal potential
Commodity Channel Index /
Trading conditions for Fortinet Inc have reduced trend reversal potential

[NEUTRAL]: Fortinet Inc current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 54. The previous bearish signal was active for 16 days. During the quarter, the highest CCI value was 244.

[Bullish]: Recent trading has driven price above the consensus of value for FTNT
Elder Ray Index /
[Bullish]: Recent trading has driven price above the consensus of value for FTNT

[BULLISH]: Fortinet Inc Elder Ray Index is signalling a Bullish movementERI is 3.322 indicating bull power. Prices are being driven above the consensus of value for FTNT during the last trading session [Buying Pressure]

Fibonacci Fans /
Fortinet Inc: 0.618 Fibonacci Fan ($115.62)

Fortinet Inc: The current Fibonacci Fan levels are: (23.61%) $134.82: (38.2%) $118.89: (50%) $117.25: (61.8%) $115.62The current support levels are: (78.6%) $113.28: (100%) $110.3: (138.2%) $104.99: (161.8%) $101.71: (261.8%) $87.81: (423.61%) $65.3

Woodie Pivot Point /
Limit order for a short position has been identified for Fortinet Inc [Bearish]

Fortinet Inc current pivot point (Woodie) is: $85.92. The current resistance levels are: (R1) $86.72: (R2) $88.98The current support levels are: (S1) $83.66: (S2) $82.86

MACD Volume /
Volume MACD oscillator is now negative for FTNT

[BEARISH CROSSOVER]: Fortinet Inc currently has negative Volume MACD of -6606. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Elders Force Index (-30577) has signalled bearish conditions in recent trading for FTNT
Elders Force Index /
Elders Force Index (-30577) has signalled bearish conditions in recent trading for FTNT

FTNT: Elders Force Index Current Signal -> (1) 22 Mar: BEARISH CROSSOVER (2) 21 Mar: BULLISH CROSSOVER (3) 20 Mar: BEARISH

Fortinet Inc: Price Percentage Oscillator
Percentage Price /
Fortinet Inc: Price Percentage Oscillator

[BULLISH]: Fortinet Inc currently has positive PPO 1.493%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Ulcer Index /
Ulcer index has fallen as the price rises for Fortinet Inc

[BEARISH]: Fortinet Inc UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.914.

Simple Moving Average /
[Bullish]: SMA(15) is serving as a support line for Fortinet Inc

[BULLISH]: Fortinet Inc currently has a confirmed uptrend. Recent trading has caused the SMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -3.5%.

Triangular Moving Average /
[Bullish]: TMA(15) is serving as a support line for Fortinet Inc

[BULLISH]: Fortinet Inc currently has a confirmed uptrend. Recent trading has caused the TMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA15 is -3.5%.

Traders are currently accumulating Fortinet Inc
On Balance Volume /
Traders are currently accumulating Fortinet Inc

[BULLISH]: Fortinet Inc current price has highlighted recent accumulation. Currently, the OBV is 381355.

Fortinet Inc currently has positive rate of change for 1.634
Rate of Change /
Fortinet Inc currently has positive rate of change for 1.634

[BULLISH]: Fortinet Inc currently has positive rate of change of 1.634%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Fortinet Inc: 0.618 Fibonacci Retraction (74.17)
Fibonacci Retracements /
Fortinet Inc: 0.618 Fibonacci Retraction (74.17)

Fortinet Inc: The current Fibonacci Retraction levels are: (23.61%) $86.49: (38.2%) $76.27: (50%) $75.22: (61.8%) $74.17The current support levels are: (78.6%) $72.67: (100%) $70.76: (138.2%) $67.35: (161.8%) $65.25: (261.8%) $56.33: (423.61%) $41.89

Daily Volume Index /
Market conditions are indicating DVI distribution has been initiated for FTNT

[BEARISH CROSSOVER]: Fortinet Inc (NASDAQ:FTNT) current price has highlighted the commencement of distribution and the start of bearish trading conditions. Currently, the DVI is -1375.

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 179236.

Fibonacci Extensions /
Fortinet Inc has moved below the 161.8% extension level ($207.58) [Bullish]

Fortinet Inc: The current Fibonacci Extension levels are: (23.61%) $86.49: (38.2%) $85.19: (50%) $84.14: (61.8%) $83.09The current support levels are: (78.6%) $81.59: (100%) $79.68: (138.2%) $76.27: (161.8%) $74.17: (261.8%) $65.25: (423.61%) $50.81

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

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

William %R (-36.4) for FTNT is now below the overbought limit
Williams %R /
William %R (-36.4) for FTNT is now below the overbought limit

FTNT: William %R Current Signal -> (1) 22 Mar: BULLISH CROSSUNDER (2) 21 Mar: BEARISH CROSSOVER (3) 20 Mar: NEUTRAL

Demarks Pivot Points /
Limit order for a short position has been identified for Fortinet Inc [Bearish]

Fortinet Inc has broken the first DeMark support point ($85.9025) [Bearish]. Look for a short limit order entry near this point. Exit price for FTNT should be set @$83.6250 & short position stoploss for Fortinet Inc should be set at $86.685

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