US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

4 hoursBearish69%
4h Downside probability 69%Bearish

FTNT 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Recover $154.78 and stabilize above resistance $166.

Invalidation Trigger

Break above $166 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateRange
Momentum mixed

RSI 46.0, MACD 0.148

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.29 (1.49%)

4h

EMA Structure

Bearish
EMA 8$152.8Bullish
EMA 21$154.78Bearish
EMA 50$157.45Bearish

Signals

CategoryReadStrength
Momentum
RSI 46.0 · MACD 0.148

Neutral zone

Strength
Range
Volatility
ATR $2.29 · BB 7.42%

Low volatility

Strength
Bullish
Volume
MFI 35.4 · OBV -2.54%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$148.81 - $166

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+9.11% · 6.1 ATR above latest close

$168.29
Nearest resistance

+7.62% · 5.1 ATR above · 34-bar high

$166
Current price

Price shown is delayed

$154.24
Nearest support

-3.52% · 2.4 ATR below · 34-bar low

$148.81
Deeper support zone

-5.01% · 3.4 ATR below latest close

$146.52
ATR zone

Latest close ± ATR14

$151.95 - $156.53

Indicators

Trend

Dow Theory Structure

Confirmation $153.97, invalidation $149.31

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

Trend strength is active

44.8 / 8.9 / 37.4Bearish
Supertrend (10,3)

Price is above Supertrend

$147.42Bullish
Ichimoku Cloud

Cloud Span A / Span B

$154.46 / $160.5Bearish
Donchian Channel (20)

20-period breakout channel position

45%Bearish

Volatility

ATR (14)

Low volatility

$2.29 (1.49%)Bullish
Bollinger Bands (20,2)

Width 7.42%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$158.93 / $150.31Bullish
ATR channel lower / upper

Current Volatility Envelope

$151.95 / $156.53Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$166Range
Support

Nearest Downside Decision Level

$148.81Range

Momentum

RSI (14)

Neutral zone

46.0Range
MACD (12,26,9)

Histogram is positive

0.148Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

55.7 / 39.0Bullish
Williams %R (14)

Neutral zone

-44.3Range
CCI (20)

Balanced zone

-15.9Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

35.4Bearish
OBV slope

20-period OBV slope

-2.54%Bearish
Volume ratio

Relative to 20-period average volume

2.19xBullish

Trend

Dow Theory Structure

Confirmation $153.97, invalidation $149.31

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

Trend strength is active

44.8 / 8.9 / 37.4Bearish
Supertrend (10,3)

Price is above Supertrend

$147.42Bullish
Ichimoku Cloud

Cloud Span A / Span B

$154.46 / $160.5Bearish
Donchian Channel (20)

20-period breakout channel position

45%Bearish

Momentum

RSI (14)

Neutral zone

46.0Range
MACD (12,26,9)

Histogram is positive

0.148Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

55.7 / 39.0Bullish
Williams %R (14)

Neutral zone

-44.3Range
CCI (20)

Balanced zone

-15.9Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$2.29 (1.49%)Bullish
Bollinger Bands (20,2)

Width 7.42%

48%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$158.93 / $150.31Bullish
ATR channel lower / upper

Current Volatility Envelope

$151.95 / $156.53Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

35.4Bearish
OBV slope

20-period OBV slope

-2.54%Bearish
Volume ratio

Relative to 20-period average volume

2.19xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$166Range
Support

Nearest Downside Decision Level

$148.81Range

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