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Stock Trend Analysis Report

Prepared for you on Saturday, June 25, 2022.

Fortinet, Inc. (NASDAQ:FTNT)

Sidelines Mode (-55) - FTNT is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
57.51 59.38 56.38 59.23 +2.43
Entry Signal

MarketClub’s Trade Triangles for FTNT

long term down The long-term trend has been DOWN since Jan 24th, 2022 at 284.7700

intermediate term down The intermediate-term trend has been DOWN since Jun 13th, 2022 at 276.5675

short term up The short-term trend has been UP since Jun 21st, 2022 at 282.9350

Smart Scan Analysis for FTNT

Based on our trend formula, FTNT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for FTNT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
57.51 59.38 56.38 59.23 +2.43
Prev. Close Volume Bid Ask Time
59.13 4414389 2022-06-24 15:59:33
Year High94.37Year High Date2018-10-01
Year Low43.48Year Low Date2018-01-10
52wk High74.35452wk High Date2021-12-29
52wk Low47.2720252wk Low Date2021-07-01
Year End Close21.02Average Volume6,019,282
Shares Outstanding802,635Short Interest2,932,304
% Institutional72Market Cap13,653M
Assets565,110,000MLiabilities543,340,000M
P/E Ratio74.3456Beta1.81
Volatility60.99
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