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Stock Trend Analysis Report
Prepared for you on Saturday, October 26, 2024.
Fortinet, Inc. (NASDAQ:FTNT)
Bull Market Weakness (+75) - FTNT is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FTNT as it may be in the beginning stages of a reversal.
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 UP since Aug 7th, 2024 at 65.26
The intermediate-term trend has been UP since Sep 24th, 2024 at 78.08
The short-term trend has been DOWN since Oct 25th, 2024 at 80.24
Smart Scan Analysis for FTNT
Based on our trend formula, FTNT is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 80.79 | 81.80 | 80.22 | 80.37 | -0.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 80.34 | 2319849 | 2024-10-25 15:59:44 |
| Year High | 94.37 | Year High Date | 2018-10-01 |
| Year Low | 43.48 | Year Low Date | 2018-01-10 |
| 52wk High | 83.7692 | 52wk High Date | 2024-10-14 |
| 52wk Low | 44.12 | 52wk Low Date | 2023-11-03 |
| Year End Close | 21.02 | Average Volume | 3,648,114 |
| Shares Outstanding | 764,908 | Short Interest | 2,932,304 |
| % Institutional | 72 | Market Cap | 13,653M |
| Assets | 805,290,000M | Liabilities | 776,470,000M |
| P/E Ratio | 47.4235 | Beta | 1.81 |
| Volatility | 60.99 |