US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

12 hoursBearish55%
12h Downside probability 55%Bearish

FTNT 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $177.15 and stabilize above resistance $197.45.

Invalidation Trigger

Break above $197.45 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

12h
Momentum StateBearish
Momentum soft

RSI 49.6, MACD -0.297

12h
Volatility EnvironmentRange
Medium volatility

ATR is $5.27 (2.97%)

12h

EMA Structure

Bearish
EMA 8$174.32Bullish
EMA 21$177.15Bullish
EMA 50$177.16Bullish

Signals

CategoryReadStrength
Momentum
RSI 49.6 · MACD -0.297

Neutral zone

Strength
Bearish
Volatility
ATR $5.27 · BB 19.71%

Medium volatility

Strength
Range
Volume
MFI 63.9 · OBV 0.24%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$164.7 - $197.45

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+14.2% · 4.8 ATR above latest close

$202.72
Nearest resistance

+11.23% · 3.8 ATR above · 34-bar high

$197.45
Current price

Price shown is delayed

$177.52
Nearest support

-7.22% · 2.4 ATR below · 34-bar low

$164.7
Deeper support zone

-10.19% · 3.4 ATR below latest close

$159.43
ATR zone

Latest close ± ATR14

$172.25 - $182.79

Indicators

Trend

Dow Theory Structure

Confirmation $197.45, invalidation $164.7

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

50.8 / 16.0 / 33.6Bearish
Supertrend (10,3)

Price is above Supertrend

$161.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$176.53 / $181.08Bearish
Donchian Channel (20)

20-period breakout channel position

39%Range

Volatility

ATR (14)

Medium volatility

$5.27 (2.97%)Range
Bollinger Bands (20,2)

Width 19.71%

46%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$186.47 / $167.5Range
ATR channel lower / upper

Current Volatility Envelope

$172.25 / $182.79Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.45Range
Support

Nearest Downside Decision Level

$164.7Range

Momentum

RSI (14)

Neutral zone

49.6Range
MACD (12,26,9)

Histogram is negative

-0.297Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

66.4 / 44.5Bullish
Williams %R (14)

Neutral zone

-33.6Range
CCI (20)

Balanced zone

-25.9Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

63.9Bullish
OBV slope

20-period OBV slope

0.24%Bullish
Volume ratio

Relative to 20-period average volume

0.70xBearish

Trend

Dow Theory Structure

Confirmation $197.45, invalidation $164.7

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

50.8 / 16.0 / 33.6Bearish
Supertrend (10,3)

Price is above Supertrend

$161.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$176.53 / $181.08Bearish
Donchian Channel (20)

20-period breakout channel position

39%Range

Momentum

RSI (14)

Neutral zone

49.6Range
MACD (12,26,9)

Histogram is negative

-0.297Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

66.4 / 44.5Bullish
Williams %R (14)

Neutral zone

-33.6Range
CCI (20)

Balanced zone

-25.9Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$5.27 (2.97%)Range
Bollinger Bands (20,2)

Width 19.71%

46%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$186.47 / $167.5Range
ATR channel lower / upper

Current Volatility Envelope

$172.25 / $182.79Range

Volume / Money Flow

MFI (14)

Money flow is strong

63.9Bullish
OBV slope

20-period OBV slope

0.24%Bullish
Volume ratio

Relative to 20-period average volume

0.70xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.45Range
Support

Nearest Downside Decision Level

$164.7Range

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