FORTINET INC.
FORTINET INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: FTNT
ISIN:

FORTINET INC. - Daily - Technical analysis published on 07/09/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 79.45 USD
My targets
83.58 USD (+3.76%)
88.30 USD (+9.62%)
My analysis
The strong short-term increase of FORTINET INC. should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 79.45 USD, a purchase could be considered. The first bullish objective is located at 83.58 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 88.30 USD. If there is any crossing, the next objective would be the resistance at 92.29 USD. Caution, if there is a return under 79.45 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The FORTINET INC. price is 80.55 USD. The price has increased by +2.55% since the last closing and was between 78.01 USD and 80.70 USD. This implies that the price is at +3.26% from its lowest and at -0.19% from its highest.

78.01
80.70
80.55

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of FORTINET INC. in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily


MACD indicator is back over 0

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 69.72 75.44 79.45 80.55 83.58 88.30 92.29
Change (%) -13.45% -6.34% -1.37% - +3.76% +9.62% +14.57%
Change -10.83 -5.11 -1.10 - +3.03 +7.75 +11.74
Level Intermediate Major Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard76.1877.0277.7978.6379.4080.2481.01
Camarilla78.1178.2678.4078.5578.7078.8578.99
Woodie76.1477.0077.7578.6179.3680.2280.97
Fibonacci77.0277.6478.0278.6379.2579.6380.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard74.7975.8477.3678.4179.9380.9882.50
Camarilla78.1878.4278.6578.8979.1379.3679.60
Woodie75.0475.9677.6178.5380.1881.1082.75
Fibonacci75.8476.8277.4378.4179.3980.0080.98

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 62.55
MACD (12,26,9): 0.2800
Directional Movement: 10.77
AROON (14): 92.86
DEMA (21): 77.36
Parabolic SAR (0,02-0,02-0,2): 75.04
Elder Ray (13): 1.60
Super Trend (3,10): 73.46
Zig ZAG (10): 80.55
VORTEX (21): 1.0900
Stochastique (14,3,5): 89.24
TEMA (21): 79.03
Williams %R (14): -2.42
Chande Momentum Oscillator (20): 3.61
Repulse (5,40,3): 4.7300
ROCnROLL: 1
TRIX (15,9): -0.0900
Courbe Coppock: 7.18
MA7: 78.42
MA20: 76.82
MA50: 79.06
MA100: 82.77
MAexp7: 78.58
MAexp20: 77.46
MAexp50: 78.84
MAexp100: 79.88
Price / MA7: +2.72%
Price / MA20: +4.86%
Price / MA50: +1.88%
Price / MA100: -2.68%
Price / MAexp7: +2.51%
Price / MAexp20: +3.99%
Price / MAexp50: +2.17%
Price / MAexp100: +0.84%

This member declared not having a position on this financial instrument or a related financial instrument.

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