Wednesday June 19, 2019 Change 2.68% Price $76.96
Chart period: 2019-03-20 - 2019-06-19




Will FTNT stock price go up or down on Thu, 20 Jun 2019?


Fortinet Forecast and Stock Analysis

Technical FTNT stock analysis for Wednesday June 19, 2019.

Hold candidate since 2019-06-19

Fortinet gained 2.68% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $74.95 to $76.96 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 3.53% from a day low at $74.50 to a day high of $77.13. The price has risen in 7 of the last 10 days and is up by 5.21% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.00 million more shares were traded than the day before. In total, 1.15 million shares bought and sold for approximately $88.46 million.

Quick summary:

  • 30 day high of the FTNT stock price was $82.97 and low was $68.87.
  • 90 day high was $96.96 and low was $68.87.
  • 52 week high for the Fortinet - $96.96 and low - $61.08.


Fortinet lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.98% during the next 3 months and, with 90% probability hold a price between $55.95 and $70.99 at the end of this period.

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A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Fortinet holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $78.91. On a fall, the stock will find some support from the short-term average at $75.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSI14 is 52 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Fortinet finds support from accumulated volume at $75.98.

Support: $75.98 Price: $76.96 Resistance: $81.78


This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.63 between high and low, or 3.53%. For the last week, the stock has had a daily average volatility of 2.31%.

Our recommended stoploss: $72.91 (-5.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

2.31 %

Average volatility

Overall risk:

Very Low Low Medium High Very High


Fortinet holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate Upgraded
Previous Hold Today FTNT ranks #3309 as HOLD CANDIDATE #3309 Next Hold

Will FTNT stock price go up or down on Thu, 20 Jun 2019?


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