US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

1 weekBullish92%
Weekly Upside probability 92%Bullish

FTNT 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $76.01 and reclaim $197.13.

Invalidation Trigger

Lose $76.01 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateRange
Momentum mixed

RSI 62.9, MACD -0.390

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $16.43 (9.26%)

Weekly

EMA Structure

Bullish
EMA 8$173.32Bullish
EMA 21$157.81Bullish
EMA 50$132.38Bullish

Signals

CategoryReadStrength
Momentum
RSI 62.9 · MACD -0.390

Momentum is strong

Strength
Range
Volatility
ATR $16.43 · BB 29.55%

High volatility

Strength
Bearish
Volume
MFI 58.9 · OBV 7.41%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$76.01 - $197.13

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+20.3% · 2.2 ATR above latest close

$213.56
Nearest resistance

+11.05% · 1.2 ATR above · 34-bar high

$197.13
Current price

Price shown is delayed

$177.52
Nearest support

-57.18% · 6.2 ATR below · 34-bar low

$76.01
Deeper support zone

-66.44% · 7.2 ATR below latest close

$59.58
ATR zone

Latest close ± ATR14

$161.09 - $193.95

Indicators

Trend

Dow Theory Structure

Confirmation $173.89, invalidation $148.25

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

Trend strength is active

40.2 / 21.6 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$121.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$156.55 / $135.34Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Volatility

ATR (14)

High volatility

$16.43 (9.26%)Bearish
Bollinger Bands (20,2)

Width 29.55%

81%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$193.25 / $124.79Bearish
ATR channel lower / upper

Current Volatility Envelope

$161.09 / $193.95Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.13Range
Support

Nearest Downside Decision Level

$76.01Range

Momentum

RSI (14)

Momentum is strong

62.9Bullish
MACD (12,26,9)

Histogram is negative

-0.390Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.2 / 70.1Bearish
Williams %R (14)

Neutral zone

-36.8Range
CCI (20)

Balanced zone

88.5Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

58.9Bullish
OBV slope

20-period OBV slope

7.41%Bullish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Trend

Dow Theory Structure

Confirmation $173.89, invalidation $148.25

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

Trend strength is active

40.2 / 21.6 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$121.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$156.55 / $135.34Bullish
Donchian Channel (20)

20-period breakout channel position

69%Bullish

Momentum

RSI (14)

Momentum is strong

62.9Bullish
MACD (12,26,9)

Histogram is negative

-0.390Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

63.2 / 70.1Bearish
Williams %R (14)

Neutral zone

-36.8Range
CCI (20)

Balanced zone

88.5Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$16.43 (9.26%)Bearish
Bollinger Bands (20,2)

Width 29.55%

81%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$193.25 / $124.79Bearish
ATR channel lower / upper

Current Volatility Envelope

$161.09 / $193.95Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

58.9Bullish
OBV slope

20-period OBV slope

7.41%Bullish
Volume ratio

Relative to 20-period average volume

0.60xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$197.13Range
Support

Nearest Downside Decision Level

$76.01Range

Related Forecasts