Why Fortinet, Inc. (NASDAQ:FTNT) Is Acting Slightly Strange (2020-01-06)

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REPORTING FOR 2020-01-06 | 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 108.42, reaching a high of 111.53 and a low of 108.1 before closing at a price of 111.21. There was a total volume of 1328764.

VOLUME INDICATORS FOR FORTINET, INC. (NASDAQ:FTNT): We saw an accumulation-distribution index of 262.12361, an on-balance volume of -109.68, chaikin money flow of 1.20579 and a force index of 8.0545. There was an ease of movement rating of 0.02526, a volume-price trend of 24.87157 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR FORTINET, INC. (NASDAQ:FTNT): We noted an average true range of 1.09141, bolinger bands of 108.7628, an upper bollinger band of 106.7122, lower bollinger band of 108.1, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 109.35, high band keltner channel of 106.24, low band keltner channel of 112.46, 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 108.1, a donchian channel low band of 108.1, 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 -0.01627, a MACD signal of -0.00904, a MACD difference of -0.00723, a fast Exponential Moving Average (EMA) indicator of 108.1, a slow Exponential Moving Average (EMA) indicator of 108.1, 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 0.34746, a trix of 14.73142, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of -66.66667, a Detrended Price Oscillator (DPO) of -19.75884, a KST Oscillator (KST) of 223.66511 and a KST Oscillator (KST Signal) of 223.66511 (leaving a KST difference of -2.0517). We also found an Ichimoku rating of 109.975, an Ichimoku B rating of 109.975, a Ichimoku visual trend A of 92.16433, an Ichimoku visual trend B of 97.05751, 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 98.40628, a stochastic oscillator of 110.28939, a stochastic oscillator signal of 110.28939, a Williams %R rating of 10.28939 and an awesome oscillator of -0.29805.

RETURNS FOR FORTINET, INC. (NASDAQ:FTNT): There was a daily return of 22.36651, a daily log return of -0.67293 and a cumulative return of -0.67068.

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 2020-01-06 (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.