Fortinet, Inc. (NASDAQ:FTNT): About To Explode? (2019-12-26)

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REPORTING FOR 2019-12-26 | WCX19.ORG: We have done an in-depth analysis of how FTNT has been trading over the last 2 weeks and the past day especially. On its latest session, Fortinet, Inc. (NASDAQ:FTNT) opened at 107.89, reaching a high of 108.305 and a low of 107.66 before closing at a price of 107.78. There was a total volume of 310613.

VOLUME INDICATORS FOR FORTINET, INC. (NASDAQ:FTNT): We saw an accumulation-distribution index of 381.27556, an on-balance volume of -107.82, chaikin money flow of 2.10843 and a force index of 0.688. There was an ease of movement rating of 0.0027, a volume-price trend of 25.92859 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR FORTINET, INC. (NASDAQ:FTNT): We noted an average true range of 1.13707, bolinger bands of 108.17196, an upper bollinger band of 106.58804, lower bollinger band of 107.66, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 107.95167, high band keltner channel of 107.53667, low band keltner channel of 108.36667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 107.66, a donchian channel low band of 107.66, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR FORTINET, INC. (NASDAQ:FTNT): We calculated a Moving Average Convergence Divergence (MACD) of -0.01256, a MACD signal of -0.00698, a MACD difference of -0.00558, a fast Exponential Moving Average (EMA) indicator of 107.66, a slow Exponential Moving Average (EMA) indicator of 107.66, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.26548, a trix of 16.50081, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -20.88558, a KST Oscillator (KST) of 240.68815 and a KST Oscillator (KST Signal) of 240.68815 (leaving a KST difference of -1.61338). We also found an Ichimoku rating of 108.0975, an Ichimoku B rating of 108.0975, a Ichimoku visual trend A of 90.58607, an Ichimoku visual trend B of 95.36262, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM INDICATORS FOR FORTINET, INC. (NASDAQ:FTNT): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 98.91076, a stochastic oscillator of 155.42169, a stochastic oscillator signal of 155.42169, a Williams %R rating of 55.42169 and an awesome oscillator of 0.04408.

RETURNS FOR FORTINET, INC. (NASDAQ:FTNT): There was a daily return of 24.06882, a daily log return of -0.52151 and a cumulative return of -0.52016.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-12-26 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Fortinet, Inc. (NASDAQ:FTNT)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Fortinet, Inc. (NASDAQ:FTNT) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.