Stock Trend Analysis Report
Prepared for you on Tuesday, August 11, 2020.
Fortinet, Inc (NASDAQ:FTNT)
Weak Downtrend (-65) - FTNT is showing signs of a strengthening downtrend. Monitor FTNT as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for FTNT
The long-term trend has been UP since May 7th, 2020 at 121.82
The intermediate-term trend has been DOWN since Jul 15th, 2020 at 128.31
The short-term trend has been DOWN since Aug 7th, 2020 at 136.20
Smart Scan Analysis for FTNT
Based on our trend formula, FTNT is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||94.37||Year High Date||2018-10-01|
|Year Low||43.48||Year Low Date||2018-01-10|
|52wk High||149.69||52wk High Date||2020-05-20|
|52wk Low||70.2||52wk Low Date||2020-03-16|
|Year End Close||21.02||Average Volume||1,629,946|
|Shares Outstanding||161,649||Short Interest||2,932,304|
|% Institutional||72||Market Cap||13,653M|