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Stock Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Fortinet, Inc. (NASDAQ:FTNT)

Long-Term Downtrend (-90) - FTNT is in a strong downtrend that is likely to continue. While FTNT is showing intraday strength, it remains in the confines of a bearish trend. 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
58.990 59.900 58.770 59.535 +0.745
Entry Signal

MarketClub’s Trade Triangles for FTNT

long term down The long-term trend has been DOWN since May 3rd, 2024 at 61.000

intermediate term down The intermediate-term trend has been DOWN since Jun 20th, 2024 at 57.705

short term down The short-term trend has been DOWN since Jul 8th, 2024 at 59.660

Smart Scan Analysis for FTNT

Based on our trend formula, FTNT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for FTNT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
58.990 59.900 58.770 59.535 +0.745
Prev. Close Volume Bid Ask Time
59.550 3084493 2024-07-12 15:59:21
Year High94.37Year High Date2018-10-01
Year Low43.48Year Low Date2018-01-10
52wk High81.2452wk High Date2023-07-19
52wk Low44.1252wk Low Date2023-11-03
Year End Close21.02Average Volume5,563,779
Shares Outstanding763,938Short Interest2,932,304
% Institutional72Market Cap13,653M
Assets766,210,000MLiabilities779,960,000M
P/E Ratio38.1753Beta1.81
Volatility60.99
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