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Stock Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

Fortinet, Inc. (NASDAQ:FTNT)

Countertrend Down (-85) - FTNT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.

Open High Low FTNT Price Change
58.18 59.24 57.71 58.58 +0.44
Entry Signal

MarketClub’s Trade Triangles for FTNT

long term down The long-term trend has been DOWN since Aug 4th, 2023 at 60.33

intermediate term down The intermediate-term trend has been DOWN since Sep 22nd, 2023 at 58.20

short term up The short-term trend has been UP since Sep 28th, 2023 at 58.34

Smart Scan Analysis for FTNT

Based on our trend formula, FTNT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for FTNT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.18 59.24 57.71 58.58 +0.44
Prev. Close Volume Bid Ask Time
58.14 2609977 2023-09-28 15:59:53
Year High94.37Year High Date2018-10-01
Year Low43.48Year Low Date2018-01-10
52wk High81.2452wk High Date2023-07-19
52wk Low42.610152wk Low Date2022-11-03
Year End Close21.02Average Volume4,834,819
Shares Outstanding785,337Short Interest2,932,304
% Institutional72Market Cap13,653M
P/E Ratio44.0455Beta1.81
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