US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

1 weekBearish63%
Weekly Downside probability 63%Bearish

FTNT 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $150.56 and stabilize above resistance $197.13.

Invalidation Trigger

Break above $197.13 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Weekly
Momentum StateBearish
Momentum soft

RSI 44.1, MACD -7.312

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $19.05 (14.7%)

Weekly

EMA Structure

Range
EMA 8$149.43Bearish
EMA 21$150.56Bearish
EMA 50$131.98Bearish

Signals

CategoryReadStrength
Momentum
RSI 44.1 · MACD -7.312

Momentum is weak

Strength
Bearish
Volatility
ATR $19.05 · BB 42.63%

High volatility

Strength
Bearish
Volume
MFI 41.5 · OBV 2.78%

Relative to 20-period average volume

Strength
Range
Price Levels
$76.01 - $197.13

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+66.88% · 4.5 ATR above latest close

$216.18
Nearest resistance

+52.18% · 3.5 ATR above · 34-bar high

$197.13
Current price

Price shown is delayed

$129.54
Nearest support

-41.32% · 2.8 ATR below · 34-bar low

$76.01
Deeper support zone

-56.02% · 3.8 ATR below latest close

$56.97
ATR zone

Latest close ± ATR14

$110.49 - $148.59

Indicators

Trend

Dow Theory Structure

Confirmation $197.13, invalidation $148.25

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

Trend strength is active

29.6 / 17.6 / 26.9Bearish
Supertrend (10,3)

Price is above Supertrend

$63.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$157.88 / $135.34Bearish
Donchian Channel (20)

20-period breakout channel position

14%Range

Volatility

ATR (14)

High volatility

$19.05 (14.7%)Bearish
Bollinger Bands (20,2)

Width 42.63%

6%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$192.17 / $110.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$110.49 / $148.59Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.13Range
Support

Nearest Downside Decision Level

$76.01Range

Momentum

RSI (14)

Momentum is weak

44.1Bearish
MACD (12,26,9)

Histogram is negative

-7.312Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.9 / 8.9Bullish
Williams %R (14)

Oversold zone

-86.1Bullish
CCI (20)

Weak expansion

-211.8Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

41.5Bearish
OBV slope

20-period OBV slope

2.78%Bullish
Volume ratio

Relative to 20-period average volume

0.84xBearish

Trend

Dow Theory Structure

Confirmation $197.13, invalidation $148.25

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

Trend strength is active

29.6 / 17.6 / 26.9Bearish
Supertrend (10,3)

Price is above Supertrend

$63.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$157.88 / $135.34Bearish
Donchian Channel (20)

20-period breakout channel position

14%Range

Momentum

RSI (14)

Momentum is weak

44.1Bearish
MACD (12,26,9)

Histogram is negative

-7.312Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

13.9 / 8.9Bullish
Williams %R (14)

Oversold zone

-86.1Bullish
CCI (20)

Weak expansion

-211.8Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

High volatility

$19.05 (14.7%)Bearish
Bollinger Bands (20,2)

Width 42.63%

6%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$192.17 / $110.1Bearish
ATR channel lower / upper

Current Volatility Envelope

$110.49 / $148.59Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

41.5Bearish
OBV slope

20-period OBV slope

2.78%Bullish
Volume ratio

Relative to 20-period average volume

0.84xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.13Range
Support

Nearest Downside Decision Level

$76.01Range

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