US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

1 hourBearish56%
1h Downside probability 56%Bearish

FTNT 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Recover $146.22 and stabilize above resistance $148.56.

Invalidation Trigger

Break above $148.56 with RSI back above 50.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 48.5, MACD -0.137

1h
Volatility EnvironmentBullish
Low volatility

ATR is $1.26 (0.87%)

1h

EMA Structure

Bullish
EMA 8$146.22Bearish
EMA 21$146.22Bearish
EMA 50$145.67Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.5 · MACD -0.137

Neutral zone

Strength
Bearish
Volatility
ATR $1.26 · BB 3.21%

Low volatility

Strength
Bullish
Volume
MFI 64.7 · OBV 8.28%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$139.93 - $148.56

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+2.72% · 3.1 ATR above latest close

$149.82
Nearest resistance

+1.85% · 2.1 ATR above · 34-bar high

$148.56
Current price

Price shown is delayed

$145.86
Nearest support

-4.06% · 4.7 ATR below · 34-bar low

$139.93
Deeper support zone

-4.93% · 5.7 ATR below latest close

$138.67
ATR zone

Latest close ± ATR14

$144.59 - $147.12

Indicators

Trend

Dow Theory Structure

Confirmation $143.64, invalidation $148.34

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

Trend strength is moderate

13.1 / 18.8 / 24.1Bearish
Supertrend (10,3)

Price is above Supertrend

$141.45Bullish
Ichimoku Cloud

Cloud Span A / Span B

$146.23 / $144.72Bearish
Donchian Channel (20)

20-period breakout channel position

45%Bullish

Volatility

ATR (14)

Low volatility

$1.26 (0.87%)Bullish
Bollinger Bands (20,2)

Width 3.21%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$148.76 / $143.7Bullish
ATR channel lower / upper

Current Volatility Envelope

$144.59 / $147.12Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$148.56Range
Support

Nearest Downside Decision Level

$139.93Range

Momentum

RSI (14)

Neutral zone

48.5Range
MACD (12,26,9)

Histogram is negative

-0.137Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.7 / 36.4Bearish
Williams %R (14)

Neutral zone

-66.3Range
CCI (20)

Balanced zone

-49.4Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

64.7Bullish
OBV slope

20-period OBV slope

8.28%Bullish
Volume ratio

Relative to 20-period average volume

1.11xBullish

Trend

Dow Theory Structure

Confirmation $143.64, invalidation $148.34

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

Trend strength is moderate

13.1 / 18.8 / 24.1Bearish
Supertrend (10,3)

Price is above Supertrend

$141.45Bullish
Ichimoku Cloud

Cloud Span A / Span B

$146.23 / $144.72Bearish
Donchian Channel (20)

20-period breakout channel position

45%Bullish

Momentum

RSI (14)

Neutral zone

48.5Range
MACD (12,26,9)

Histogram is negative

-0.137Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

33.7 / 36.4Bearish
Williams %R (14)

Neutral zone

-66.3Range
CCI (20)

Balanced zone

-49.4Range
TD Sequential

Setup is not extreme

buy 6Bullish

Volatility

ATR (14)

Low volatility

$1.26 (0.87%)Bullish
Bollinger Bands (20,2)

Width 3.21%

43%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$148.76 / $143.7Bullish
ATR channel lower / upper

Current Volatility Envelope

$144.59 / $147.12Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

64.7Bullish
OBV slope

20-period OBV slope

8.28%Bullish
Volume ratio

Relative to 20-period average volume

1.11xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$148.56Range
Support

Nearest Downside Decision Level

$139.93Range

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