Fortinet Technical Analysis (NASDAQ:FTNT)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Fortinet stock price data and volume are plotted in FTNT stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Fortinet. The technical analysis form of Fortinet stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Fortinet Moving Average
Moving averages show the average price of FTNT stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $71.27 is below the last closing price of $76.5 and the 50 day moving average of $67.38 is below the last closing price of $76.5. The 10 and 20 day periods can predict short term moving average trends.
Fortinet Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Fortinet. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $76.5 is in the upper range of Fortinet bollinger bands.
Fortinet Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Fortinet MACD line is above the signal line.
Fortinet Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 91.33 is the RSI value of FTNT stock.