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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.
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MarketClub’s Trade Triangles for FTNT
The long-term trend has been DOWN since Aug 4th, 2023 at 60.33
The intermediate-term trend has been DOWN since Sep 22nd, 2023 at 58.20
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).
| 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 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 | 42.6101 | 52wk Low Date | 2022-11-03 |
| Year End Close | 21.02 | Average Volume | 4,834,819 |
| Shares Outstanding | 785,337 | Short Interest | 2,932,304 |
| % Institutional | 72 | Market Cap | 13,653M |
| Assets | 748,610,000M | Liabilities | 716,490,000M |
| P/E Ratio | 44.0455 | Beta | 1.81 |
| Volatility | 60.99 |