FORTINET INC. - 1H - Technical analysis published on 04/14/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 97.07 USD
My targets
99.21 USD (+1.54%)
104.83 USD (+7.29%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on FORTINET INC.. This is a positive signal for buyers. As long as the price remains above 97.07 USD, a purchase could be considered. The first bullish objective is located at 99.21 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 104.83 USD as an objective. Crossing it would then enable buyers to target 107.57 USD. In the event of a return below 97.07 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FORTINET INC. rating is 97.71 USD. The price registered a decrease of -0.02% on the session and was between 97.44 USD and 100.50 USD. This implies that the price is at +0.28% from its lowest and at -2.78% from its highest.97.44
100.50
97.71
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FORTINET INC. in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 86.82 | 92.49 | 97.07 | 97.71 | 99.21 | 107.57 | 114.57 |
| Change (%) | -11.15% | -5.34% | -0.65% | - | +1.54% | +10.09% | +17.26% |
| Change | -10.89 | -5.22 | -0.64 | - | +1.50 | +9.86 | +16.86 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.53 | 93.75 | 95.74 | 96.96 | 98.95 | 100.17 | 102.16 |
| Camarilla | 96.85 | 97.14 | 97.44 | 97.73 | 98.02 | 98.32 | 98.61 |
| Woodie | 92.92 | 93.94 | 96.13 | 97.15 | 99.34 | 100.36 | 102.55 |
| Fibonacci | 93.75 | 94.98 | 95.73 | 96.96 | 98.19 | 98.94 | 100.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.75 | 74.86 | 86.29 | 93.40 | 104.83 | 111.94 | 123.37 |
| Camarilla | 92.63 | 94.33 | 96.03 | 97.73 | 99.43 | 101.13 | 102.83 |
| Woodie | 69.92 | 75.94 | 88.46 | 94.48 | 107.00 | 113.02 | 125.54 |
| Fibonacci | 74.86 | 81.94 | 86.31 | 93.40 | 100.48 | 104.85 | 111.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.05 | 82.65 | 89.46 | 100.06 | 106.87 | 117.47 | 124.28 |
| Camarilla | 91.47 | 93.07 | 94.66 | 96.26 | 97.86 | 99.45 | 101.05 |
| Woodie | 70.15 | 81.70 | 87.56 | 99.11 | 104.97 | 116.52 | 122.38 |
| Fibonacci | 82.65 | 89.30 | 93.41 | 100.06 | 106.71 | 110.82 | 117.47 |
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): | 62.02 | |
| MACD (12,26,9): | 1.6200 | |
| Directional Movement: | 18.36 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 98.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 95.08 | |
| Elder Ray (13): | 1.32 | |
| Super Trend (3,10): | 93.17 | |
| Zig ZAG (10): | 97.86 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 72.08 | |
| TEMA (21): | 98.90 | |
| Williams %R (14): | -36.56 | |
| Chande Momentum Oscillator (20): | 2.82 | |
| Repulse (5,40,3): | -2.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 3.78 |
| MA7: | 93.22 | |
| MA20: | 96.23 | |
| MA50: | 101.76 | |
| MA100: | 98.94 | |
| MAexp7: | 97.41 | |
| MAexp20: | 95.93 | |
| MAexp50: | 94.22 | |
| MAexp100: | 94.84 | |
| Price / MA7: | +4.82% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | -3.98% | |
| Price / MA100: | -1.24% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +1.86% | |
| Price / MAexp50: | +3.70% | |
| Price / MAexp100: | +3.03% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on FORTINET INC. at the time of the generation of this analysis was as follows:
- Empower Students With Free Resources To Thrive in Today's Digital World From the New Digital Citizenship Initiative by Discovery Education With Verizon and Fortinet
- SentinelOne Brings the Power of Purple AI to Zscaler, Okta, Palo Alto Networks, Proofpoint, Fortinet and Microsoft Data
- DGR Systems Achieves Top Fortinet Service Program Designation - EPSP
- 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?
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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