FORTINET INC. - 1H - Technical analysis published on 05/07/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
50%
33%
My opinion
Bullish above 105.43 USD
My targets
109.33 USD (+2.30%)
114.57 USD (+7.21%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 105.43 USD remains possible. It is advisable to trade FORTINET INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 105.43 USD. The next bullish objective for buyers is set at 109.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 114.57 USD. PS: if there is a bearish break in the support located at 105.43 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FORTINET INC. price is 106.87 USD. On the day, this instrument lost -0.25% and was traded between 105.47 USD and 107.22 USD over the period. The price is currently at +1.33% from its lowest and -0.33% from its highest.105.47
107.22
106.87
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bearish signal.
The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 92.76 | 99.15 | 105.43 | 106.87 | 109.33 | 114.57 |
| Change (%) | -13.20% | -7.22% | -1.35% | - | +2.30% | +7.21% |
| Change | -14.11 | -7.72 | -1.44 | - | +2.46 | +7.70 |
| Level | Major | Major | Minor | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.46 | 103.95 | 105.54 | 107.03 | 108.62 | 110.11 | 111.70 |
| Camarilla | 106.29 | 106.58 | 106.86 | 107.14 | 107.42 | 107.71 | 107.99 |
| Woodie | 102.52 | 103.98 | 105.60 | 107.06 | 108.68 | 110.14 | 111.76 |
| Fibonacci | 103.95 | 105.12 | 105.85 | 107.03 | 108.20 | 108.93 | 110.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.82 | 98.08 | 102.13 | 104.39 | 108.44 | 110.70 | 114.75 |
| Camarilla | 104.45 | 105.02 | 105.60 | 106.18 | 106.76 | 107.34 | 107.92 |
| Woodie | 96.72 | 98.53 | 103.03 | 104.84 | 109.34 | 111.15 | 115.65 |
| Fibonacci | 98.08 | 100.49 | 101.98 | 104.39 | 106.80 | 108.29 | 110.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.39 | 74.17 | 88.97 | 96.75 | 111.55 | 119.33 | 134.13 |
| Camarilla | 97.55 | 99.62 | 101.69 | 103.76 | 105.83 | 107.90 | 109.97 |
| Woodie | 69.89 | 75.93 | 92.47 | 98.51 | 115.05 | 121.09 | 137.63 |
| Fibonacci | 74.17 | 82.80 | 88.13 | 96.75 | 105.38 | 110.71 | 119.33 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.73 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | -10.72 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 107.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.62 | |
| Elder Ray (13): | -0.48 | |
| Super Trend (3,10): | 109.41 | |
| Zig ZAG (10): | 106.53 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 24.06 | |
| TEMA (21): | 106.87 | |
| Williams %R (14): | -74.62 | |
| Chande Momentum Oscillator (20): | -2.57 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 2.32 |
| MA7: | 105.80 | |
| MA20: | 100.61 | |
| MA50: | 99.41 | |
| MA100: | 99.93 | |
| MAexp7: | 106.75 | |
| MAexp20: | 106.90 | |
| MAexp50: | 105.21 | |
| MAexp100: | 102.62 | |
| Price / MA7: | +1.01% | |
| Price / MA20: | +6.22% | |
| Price / MA50: | +7.50% | |
| Price / MA100: | +6.94% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +1.58% | |
| Price / MAexp100: | +4.14% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
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:
- 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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