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Stock Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

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.

NASDAQ_FTNT
Open High Low FTNT Price Change
52.80 53.36 51.90 52.03 -1.29
Entry Signal

MarketClub’s Trade Triangles for FTNT

long term down The long-term trend has been DOWN since Jan 24th, 2022 at 284.7700

intermediate term down The intermediate-term trend has been DOWN since Jul 26th, 2022 at 55.5701

short term down The short-term trend has been DOWN since Aug 4th, 2022 at 58.5800

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).

-100
Smart Scan Analysis for FTNT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.80 53.36 51.90 52.03 -1.29
Prev. Close Volume Bid Ask Time
53.32 1763046 2022-08-09 13:18:00
Year High94.37Year High Date2018-10-01
Year Low43.48Year Low Date2018-01-10
52wk High74.35452wk High Date2021-12-29
52wk Low48.72652wk Low Date2022-05-09
Year End Close21.02Average Volume5,850,462
Shares Outstanding788,521Short Interest2,932,304
% Institutional72Market Cap13,653M
Assets529,450,000MLiabilities568,740,000M
P/E Ratio65.8272Beta1.81
Volatility60.99
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