US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

1 dayBearish92%
Daily Downside probability 92%Bearish

FTNT 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $143.74 and stabilize above resistance $197.13.

Invalidation Trigger

Break above $197.13 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 33.9, MACD -1.362

Daily
Volatility EnvironmentBearish
High volatility

ATR is $9.06 (6.99%)

Daily

EMA Structure

Bearish
EMA 8$129.73Bearish
EMA 21$143.74Bearish
EMA 50$155.55Bearish

Signals

CategoryReadStrength
Momentum
RSI 33.9 · MACD -1.362

Momentum is weak

Strength
Bearish
Volatility
ATR $9.06 · BB 65.24%

High volatility

Strength
Bearish
Volume
MFI 31.4 · OBV -8.13%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$118.62 - $197.13

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+59.17% · 8.5 ATR above latest close

$206.19
Nearest resistance

+52.18% · 7.5 ATR above · 34-bar high

$197.13
Current price

Price shown is delayed

$129.54
Nearest support

-8.43% · 1.2 ATR below · 34-bar low

$118.62
Deeper support zone

-15.42% · 2.2 ATR below latest close

$109.56
ATR zone

Latest close ± ATR14

$120.48 - $138.6

Indicators

Trend

Dow Theory Structure

Confirmation $118.62, invalidation $186.32

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

63.1 / 10.1 / 56.0Bearish
Supertrend (10,3)

Price is above Supertrend

$110.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$141.37 / $157.88Bearish
Donchian Channel (20)

20-period breakout channel position

16%Bearish

Volatility

ATR (14)

High volatility

$9.06 (6.99%)Bearish
Bollinger Bands (20,2)

Width 65.24%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$154.37 / $131.34Bearish
ATR channel lower / upper

Current Volatility Envelope

$120.48 / $138.6Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.13Range
Support

Nearest Downside Decision Level

$118.62Range

Momentum

RSI (14)

Momentum is weak

33.9Bearish
MACD (12,26,9)

Histogram is negative

-1.362Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

16.1 / 15.4Bullish
Williams %R (14)

Oversold zone

-83.9Bullish
CCI (20)

Balanced zone

-55.3Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

31.4Bearish
OBV slope

20-period OBV slope

-8.13%Bearish
Volume ratio

Relative to 20-period average volume

0.74xBearish

Trend

Dow Theory Structure

Confirmation $118.62, invalidation $186.32

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

63.1 / 10.1 / 56.0Bearish
Supertrend (10,3)

Price is above Supertrend

$110.2Bullish
Ichimoku Cloud

Cloud Span A / Span B

$141.37 / $157.88Bearish
Donchian Channel (20)

20-period breakout channel position

16%Bearish

Momentum

RSI (14)

Momentum is weak

33.9Bearish
MACD (12,26,9)

Histogram is negative

-1.362Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

16.1 / 15.4Bullish
Williams %R (14)

Oversold zone

-83.9Bullish
CCI (20)

Balanced zone

-55.3Range
TD Sequential

Setup is not extreme

sell 3Bearish

Volatility

ATR (14)

High volatility

$9.06 (6.99%)Bearish
Bollinger Bands (20,2)

Width 65.24%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$154.37 / $131.34Bearish
ATR channel lower / upper

Current Volatility Envelope

$120.48 / $138.6Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

31.4Bearish
OBV slope

20-period OBV slope

-8.13%Bearish
Volume ratio

Relative to 20-period average volume

0.74xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.13Range
Support

Nearest Downside Decision Level

$118.62Range

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