US stock / ETF

Fortinet, Inc.

FTNT · NASDAQ · USD

4 hoursBearish66%
4h Downside probability 66%Bearish

FTNT 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $157.76 and stabilize above resistance $171.93.

Invalidation Trigger

Break above $171.93 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 43.8, MACD 0.026

4h
Volatility EnvironmentBullish
Low volatility

ATR is $2.22 (1.42%)

4h

EMA Structure

Bearish
EMA 8$157.26Bearish
EMA 21$157.76Bearish
EMA 50$158.55Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.8 · MACD 0.026

Momentum is weak

Strength
Bearish
Volatility
ATR $2.22 · BB 3.60%

Low volatility

Strength
Bullish
Volume
MFI 63.5 · OBV 2.92%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$151.87 - $171.93

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+11.58% · 8.2 ATR above latest close

$174.15
Nearest resistance

+10.16% · 7.2 ATR above · 34-bar high

$171.93
Current price

Price shown is delayed

$156.07
Nearest support

-2.69% · 1.9 ATR below · 34-bar low

$151.87
Deeper support zone

-4.11% · 2.9 ATR below latest close

$149.65
ATR zone

Latest close ± ATR14

$153.85 - $158.29

Indicators

Trend

Dow Theory Structure

Confirmation $161.71, invalidation $154

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

Trend strength is moderate

17.2 / 35.1 / 17.7Bullish
Supertrend (10,3)

Price is above Supertrend

$148.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$157.32 / $162.25Bearish
Donchian Channel (20)

20-period breakout channel position

42%Bearish

Volatility

ATR (14)

Low volatility

$2.22 (1.42%)Bullish
Bollinger Bands (20,2)

Width 3.60%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$162.8 / $152.64Bullish
ATR channel lower / upper

Current Volatility Envelope

$153.85 / $158.29Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$171.93Range
Support

Nearest Downside Decision Level

$151.87Range

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is positive

0.026Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

26.8 / 38.1Bearish
Williams %R (14)

Neutral zone

-73.2Range
CCI (20)

Balanced zone

-64.3Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

63.5Bullish
OBV slope

20-period OBV slope

2.92%Bullish
Volume ratio

Relative to 20-period average volume

2.00xBullish

Trend

Dow Theory Structure

Confirmation $161.71, invalidation $154

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

Trend strength is moderate

17.2 / 35.1 / 17.7Bullish
Supertrend (10,3)

Price is above Supertrend

$148.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$157.32 / $162.25Bearish
Donchian Channel (20)

20-period breakout channel position

42%Bearish

Momentum

RSI (14)

Momentum is weak

43.8Bearish
MACD (12,26,9)

Histogram is positive

0.026Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

26.8 / 38.1Bearish
Williams %R (14)

Neutral zone

-73.2Range
CCI (20)

Balanced zone

-64.3Range
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$2.22 (1.42%)Bullish
Bollinger Bands (20,2)

Width 3.60%

31%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$162.8 / $152.64Bullish
ATR channel lower / upper

Current Volatility Envelope

$153.85 / $158.29Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

63.5Bullish
OBV slope

20-period OBV slope

2.92%Bullish
Volume ratio

Relative to 20-period average volume

2.00xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$171.93Range
Support

Nearest Downside Decision Level

$151.87Range

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