FORTINET INC. - 1H - Technical analysis published on 04/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Additional analysis
Quotes
The FORTINET INC. rating is 71.63 USD. The price has increased by +4.04% since the last closing with the lowest point at 68.58 USD and the highest point at 72.02 USD. The deviation from the price is +4.45% for the low point and -0.54% for the high point.The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FORTINET INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FORTINET INC. indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 67.30 | 68.59 | 70.30 | 71.63 | 71.66 | 73.53 | 80.28 |
Change (%) | -6.04% | -4.24% | -1.86% | - | +0.04% | +2.65% | +12.08% |
Change | -4.33 | -3.04 | -1.33 | - | +0.03 | +1.90 | +8.65 |
Level | Minor | Minor | Minor | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 64.99 | 65.80 | 67.32 | 68.13 | 69.65 | 70.46 | 71.98 |
Camarilla | 68.21 | 68.42 | 68.64 | 68.85 | 69.06 | 69.28 | 69.49 |
Woodie | 65.36 | 65.98 | 67.69 | 68.31 | 70.02 | 70.64 | 72.35 |
Fibonacci | 65.80 | 66.69 | 67.24 | 68.13 | 69.02 | 69.57 | 70.46 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 64.39 | 65.29 | 66.80 | 67.70 | 69.21 | 70.11 | 71.62 |
Camarilla | 67.65 | 67.87 | 68.09 | 68.31 | 68.53 | 68.75 | 68.97 |
Woodie | 64.70 | 65.44 | 67.11 | 67.85 | 69.52 | 70.26 | 71.93 |
Fibonacci | 65.29 | 66.21 | 66.78 | 67.70 | 68.62 | 69.19 | 70.11 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 57.86 | 62.02 | 65.17 | 69.33 | 72.48 | 76.64 | 79.79 |
Camarilla | 66.30 | 66.97 | 67.64 | 68.31 | 68.98 | 69.65 | 70.32 |
Woodie | 57.35 | 61.77 | 64.66 | 69.08 | 71.97 | 76.39 | 79.28 |
Fibonacci | 62.02 | 64.82 | 66.54 | 69.33 | 72.13 | 73.85 | 76.64 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
RSI (14): | 73.03 | |
MACD (12,26,9): | 0.8900 | |
Directional Movement: | 32.68 | |
AROON (14): | 64.29 | |
DEMA (21): | 69.90 | |
Parabolic SAR (0,02-0,02-0,2): | 67.51 | |
Elder Ray (13): | 2.06 | |
Super Trend (3,10): | 69.26 | |
Zig ZAG (10): | 71.52 | |
VORTEX (21): | 1.2100 | |
Stochastique (14,3,5): | 94.71 | |
TEMA (21): | 70.72 | |
Williams %R (14): | -8.03 | |
Chande Momentum Oscillator (20): | 4.03 | |
Repulse (5,40,3): | 2.6600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0800 | |
Courbe Coppock: | 7.68 |
MA7: | 68.47 | |
MA20: | 69.13 | |
MA50: | 68.44 | |
MA100: | 62.15 | |
MAexp7: | 70.42 | |
MAexp20: | 68.94 | |
MAexp50: | 68.31 | |
MAexp100: | 68.38 | |
Price / MA7: | +4.62% | |
Price / MA20: | +3.62% | |
Price / MA50: | +4.66% | |
Price / MA100: | +15.25% | |
Price / MAexp7: | +1.72% | |
Price / MAexp20: | +3.90% | |
Price / MAexp50: | +4.86% | |
Price / MAexp100: | +4.75% |
News
Don't forget to follow the news on FORTINET INC.. At the time of publication of this analysis, the latest news was as follows:
- Thinking about trading options or stock in Snowflake, Palantir Technologies, Rocket Pharmaceuticals, Fortinet, or Marathon Digital?
- Thinking about buying stock in Panbela Therapeutics, Fortinet, Palo Alto Networks, First Wave BioPharma, or Sphere 3D?
- Thinking about trading options or stock in Ford Motor, Palantir Technologies, Crispr Therapeutics, NVIDIA, or Fortinet?
- Kyndryl Launches New Managed SASE Service with Fortinet
- BetterInvesting™ Magazine Update on Fortinet Inc. and Peabody Energy Corp.
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