US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

12 hoursBearish84%
12h Downside probability 84%Bearish

FTNT 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $131.47 and stabilize above resistance $187.8.

Invalidation Trigger

Break above $187.8 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBullish
Momentum improving

RSI 42.6, MACD 2.473

12h
Volatility EnvironmentRange
Medium volatility

ATR is $4 (3.09%)

12h

EMA Structure

Bearish
EMA 8$126.21Bullish
EMA 21$131.47Bearish
EMA 50$146.52Bearish

Signals

CategoryReadStrength
Momentum
RSI 42.6 · MACD 2.473

Momentum is weak

Strength
Bullish
Volatility
ATR $4 · BB 15.89%

Medium volatility

Strength
Range
Volume
MFI 46.7 · OBV -11.69%

Relative to 20-period average volume

Strength
Range
Price Levels
$117.5 - $187.8

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+48.12% · 15.6 ATR above latest close

$191.8
Nearest resistance

+45.03% · 14.6 ATR above · 34-bar high

$187.8
Current price

Price shown is delayed

$129.49
Nearest support

-9.26% · 3.0 ATR below · 34-bar low

$117.5
Deeper support zone

-12.35% · 4.0 ATR below latest close

$113.5
ATR zone

Latest close ± ATR14

$125.49 - $133.49

Indicators

Trend

Dow Theory Structure

Confirmation $117.5, invalidation $131.11

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

Trend strength is active

43.4 / 16.3 / 26.0Bearish
Supertrend (10,3)

Price is above Supertrend

$116.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$138.31 / $157.48Bearish
Donchian Channel (20)

20-period breakout channel position

55%Bearish

Volatility

ATR (14)

Medium volatility

$4 (3.09%)Range
Bollinger Bands (20,2)

Width 15.89%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$138.14 / $123.55Range
ATR channel lower / upper

Current Volatility Envelope

$125.49 / $133.49Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$187.8Range
Support

Nearest Downside Decision Level

$117.5Range

Momentum

RSI (14)

Momentum is weak

42.6Bearish
MACD (12,26,9)

Histogram is positive

2.473Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

88.1 / 77.9Bullish
Williams %R (14)

Overbought zone

-11.9Bearish
CCI (20)

Balanced zone

29.0Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.7Range
OBV slope

20-period OBV slope

-11.69%Bearish
Volume ratio

Relative to 20-period average volume

1.15xBullish

Trend

Dow Theory Structure

Confirmation $117.5, invalidation $131.11

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

Trend strength is active

43.4 / 16.3 / 26.0Bearish
Supertrend (10,3)

Price is above Supertrend

$116.52Bullish
Ichimoku Cloud

Cloud Span A / Span B

$138.31 / $157.48Bearish
Donchian Channel (20)

20-period breakout channel position

55%Bearish

Momentum

RSI (14)

Momentum is weak

42.6Bearish
MACD (12,26,9)

Histogram is positive

2.473Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

88.1 / 77.9Bullish
Williams %R (14)

Overbought zone

-11.9Bearish
CCI (20)

Balanced zone

29.0Range
TD Sequential

Setup is not extreme

sell 6Bearish

Volatility

ATR (14)

Medium volatility

$4 (3.09%)Range
Bollinger Bands (20,2)

Width 15.89%

66%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$138.14 / $123.55Range
ATR channel lower / upper

Current Volatility Envelope

$125.49 / $133.49Range

Volume / Money Flow

MFI (14)

Money flow is neutral

46.7Range
OBV slope

20-period OBV slope

-11.69%Bearish
Volume ratio

Relative to 20-period average volume

1.15xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$187.8Range
Support

Nearest Downside Decision Level

$117.5Range

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