US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

12 hoursBearish82%
12h Downside probability 82%Bearish

FTNT 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $158.61 and stabilize above resistance $174.99.

Invalidation Trigger

Break above $174.99 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 44.8, MACD -0.243

12h
Volatility EnvironmentRange
Medium volatility

ATR is $3.79 (2.43%)

12h

EMA Structure

Bearish
EMA 8$157.69Bearish
EMA 21$158.61Bearish
EMA 50$158.85Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.8 · MACD -0.243

Momentum is weak

Strength
Bearish
Volatility
ATR $3.79 · BB 13.95%

Medium volatility

Strength
Range
Volume
MFI 53.3 · OBV -0.18%

Relative to 20-period average volume

Strength
Range
Price Levels
$148.81 - $174.99

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+14.55% · 6.0 ATR above latest close

$178.78
Nearest resistance

+12.12% · 5.0 ATR above · 34-bar high

$174.99
Current price

Price shown is delayed

$156.07
Nearest support

-4.65% · 1.9 ATR below · 34-bar low

$148.81
Deeper support zone

-7.08% · 2.9 ATR below latest close

$145.02
ATR zone

Latest close ± ATR14

$152.28 - $159.86

Indicators

Trend

Dow Theory Structure

Confirmation $174.99, invalidation $154

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

26.5 / 17.0 / 32.4Bearish
Supertrend (10,3)

Price is above Supertrend

$147.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$159.55 / $161.9Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Volatility

ATR (14)

Medium volatility

$3.79 (2.43%)Range
Bollinger Bands (20,2)

Width 13.95%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$165.44 / $151.68Range
ATR channel lower / upper

Current Volatility Envelope

$152.28 / $159.86Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$174.99Range
Support

Nearest Downside Decision Level

$148.81Range

Momentum

RSI (14)

Momentum is weak

44.8Bearish
MACD (12,26,9)

Histogram is negative

-0.243Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

40.4 / 39.7Bullish
Williams %R (14)

Neutral zone

-59.6Range
CCI (20)

Balanced zone

-49.0Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

53.3Range
OBV slope

20-period OBV slope

-0.18%Bearish
Volume ratio

Relative to 20-period average volume

1.38xBullish

Trend

Dow Theory Structure

Confirmation $174.99, invalidation $154

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is active

26.5 / 17.0 / 32.4Bearish
Supertrend (10,3)

Price is above Supertrend

$147.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$159.55 / $161.9Bearish
Donchian Channel (20)

20-period breakout channel position

18%Bearish

Momentum

RSI (14)

Momentum is weak

44.8Bearish
MACD (12,26,9)

Histogram is negative

-0.243Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

40.4 / 39.7Bullish
Williams %R (14)

Neutral zone

-59.6Range
CCI (20)

Balanced zone

-49.0Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

Medium volatility

$3.79 (2.43%)Range
Bollinger Bands (20,2)

Width 13.95%

30%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$165.44 / $151.68Range
ATR channel lower / upper

Current Volatility Envelope

$152.28 / $159.86Range

Volume / Money Flow

MFI (14)

Money flow is neutral

53.3Range
OBV slope

20-period OBV slope

-0.18%Bearish
Volume ratio

Relative to 20-period average volume

1.38xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$174.99Range
Support

Nearest Downside Decision Level

$148.81Range

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