US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

12 hoursBearish80%
12h Downside probability 80%Bearish

FTNT 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $157.21 and stabilize above resistance $172.2.

Invalidation Trigger

Break above $172.2 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 44.0, MACD -0.926

12h
Volatility EnvironmentRange
Medium volatility

ATR is $3.51 (2.27%)

12h

EMA Structure

Bearish
EMA 8$154.12Bullish
EMA 21$157.21Bearish
EMA 50$157.94Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.0 · MACD -0.926

Momentum is weak

Strength
Bearish
Volatility
ATR $3.51 · BB 11.99%

Medium volatility

Strength
Range
Volume
MFI 58.2 · OBV 0.29%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$148.81 - $172.2

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+13.92% · 6.1 ATR above latest close

$175.71
Nearest resistance

+11.64% · 5.1 ATR above · 34-bar high

$172.2
Current price

Price shown is delayed

$154.24
Nearest support

-3.52% · 1.5 ATR below · 34-bar low

$148.81
Deeper support zone

-5.79% · 2.5 ATR below latest close

$145.3
ATR zone

Latest close ± ATR14

$150.73 - $157.75

Indicators

Trend

Dow Theory Structure

Confirmation $148.81, invalidation $167.19

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

Trend strength is moderate

18.6 / 22.4 / 37.1Bearish
Supertrend (10,3)

Price is above Supertrend

$141.74Bullish
Ichimoku Cloud

Cloud Span A / Span B

$157.67 / $158.56Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Volatility

ATR (14)

Medium volatility

$3.51 (2.27%)Range
Bollinger Bands (20,2)

Width 11.99%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$163.76 / $150.38Range
ATR channel lower / upper

Current Volatility Envelope

$150.73 / $157.75Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$172.2Range
Support

Nearest Downside Decision Level

$148.81Range

Momentum

RSI (14)

Momentum is weak

44.0Bearish
MACD (12,26,9)

Histogram is negative

-0.926Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.6 / 20.7Bullish
Williams %R (14)

Neutral zone

-68.4Range
CCI (20)

Weak expansion

-105.0Bearish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

58.2Bullish
OBV slope

20-period OBV slope

0.29%Bullish
Volume ratio

Relative to 20-period average volume

2.36xBullish

Trend

Dow Theory Structure

Confirmation $148.81, invalidation $167.19

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

Trend strength is moderate

18.6 / 22.4 / 37.1Bearish
Supertrend (10,3)

Price is above Supertrend

$141.74Bullish
Ichimoku Cloud

Cloud Span A / Span B

$157.67 / $158.56Bearish
Donchian Channel (20)

20-period breakout channel position

30%Bearish

Momentum

RSI (14)

Momentum is weak

44.0Bearish
MACD (12,26,9)

Histogram is negative

-0.926Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

31.6 / 20.7Bullish
Williams %R (14)

Neutral zone

-68.4Range
CCI (20)

Weak expansion

-105.0Bearish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Medium volatility

$3.51 (2.27%)Range
Bollinger Bands (20,2)

Width 11.99%

27%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$163.76 / $150.38Range
ATR channel lower / upper

Current Volatility Envelope

$150.73 / $157.75Range

Volume / Money Flow

MFI (14)

Money flow is strong

58.2Bullish
OBV slope

20-period OBV slope

0.29%Bullish
Volume ratio

Relative to 20-period average volume

2.36xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$172.2Range
Support

Nearest Downside Decision Level

$148.81Range

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