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.
MarketClub’s Trade Triangles for FTNT
The long-term trend has been DOWN since Jan 24th, 2022 at 284.7700
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 276.5675
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).
|Year High||94.37||Year High Date||2018-10-01|
|Year Low||43.48||Year Low Date||2018-01-10|
|52wk High||74.354||52wk High Date||2021-12-29|
|52wk Low||47.27202||52wk Low Date||2021-07-01|
|Year End Close||21.02||Average Volume||6,019,282|
|Shares Outstanding||802,635||Short Interest||2,932,304|
|% Institutional||72||Market Cap||13,653M|