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Stock Trend Analysis Report
Prepared for you on Monday, May 6, 2024.
Fortinet, Inc. (NASDAQ:FTNT)
Strong Downtrend (-100) - FTNT is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, FTNT continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FTNT?
MarketClub looks at technical strength and momentum to determine if the timing is right for FTNT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FTNT
The long-term trend has been DOWN since May 3rd, 2024 at 61.0000
The intermediate-term trend has been DOWN since Apr 12th, 2024 at 66.1900
The short-term trend has been DOWN since May 2nd, 2024 at 63.1415
Smart Scan Analysis for FTNT
Based on our trend formula, FTNT is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 61.900 | 62.490 | 58.793 | 58.910 | -6.290 |
| Prev. Close | Volume | Bid | Ask | Time |
| 58.880 | 14711352 | 2024-05-03 15:59:59 |
| Year High | 94.37 | Year High Date | 2018-10-01 |
| Year Low | 43.48 | Year Low Date | 2018-01-10 |
| 52wk High | 81.24 | 52wk High Date | 2023-07-19 |
| 52wk Low | 44.12 | 52wk Low Date | 2023-11-03 |
| Year End Close | 21.02 | Average Volume | 4,393,122 |
| Shares Outstanding | 763,031 | Short Interest | 2,932,304 |
| % Institutional | 72 | Market Cap | 13,653M |
| Assets | 725,890,000M | Liabilities | 772,230,000M |
| P/E Ratio | 44.6575 | Beta | 1.81 |
| Volatility | 60.99 |