|
|
Archive
- 11/15/2024 -
Sign In to see current Signals. |
Fortinet (FTNT) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the Fortinet (FTNT). During the week, the FTNT gained 2.16 points, or 2.35%, and closed at 94.20 on Friday, November 15, 2024. Weekly volume was 27% above average.
 Long-term trend: [See FTNT long-term trend chart]
A long-term uptrend had started on November 3, 2023 at 44.15 and reached 100.59 on November 13, 2024. FTNT gained -56.44 points, or -127.84%, in 53 weeks. The price is now at the 11.32% retracement level.
Medium-term trend: [See FTNT medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 54.57 and reached 100.59 on November 13, 2024. FTNT gained -46.02 points, or -84.33%, in 14 weeks. The price is now at the 13.89% retracement level.
 Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 9, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See FTNT short-term trend chart]
A short-term downtrend had started on November 13, 2024 at 100.59 and reached 92.73 on November 15, 2024. FTNT lost 7.86 points, or 7.81%, in 2 days. The price is now at the 18.70% retracement level.
 Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since November 7, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
The distance between the Bollinger Bands is 144.69% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
| |
|
|