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Archive
- 1/15/2021 -
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Fortinet (FTNT) |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Fortinet (FTNT). During the week, the FTNT dropped -1.61 points, or -1.09%, and closed at 146.53 on Friday, January 15, 2021. It was the worst weekly loss since October 30, 2020. Weekly volume was -25% below average.
FTNT is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FTNT long-term trend chart]
A long-term downtrend had started on December 22, 2020 at 153.33 and reached 137.31 on January 6, 2021. FTNT lost 16.02 points, or 10.45%, in 2 weeks. The price is now at the 57.55% retracement level.
 Medium-term trend: [See FTNT medium-term trend chart]
A medium-term uptrend had started on January 6, 2021 at 137.31 and reached 155.31 on January 12, 2021. FTNT gained -18.00 points, or -13.11%, in 0 weeks. The price is now at the 48.78% retracement level.
 Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 11, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See FTNT short-term trend chart]
A short-term downtrend had started on January 12, 2021 at 155.31 and reached 145.89 on January 15, 2021. FTNT lost 9.42 points, or 6.07%, in 3 days. The price is now at the 6.79% retracement level.
 Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 4, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (145.66) comes close to the price (146.53). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
9 |
| Industry |
Systems Software |
55 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
155.31 |
| High Date |
01/12/2021 |
| Low |
145.89 |
| Low Date |
01/15/2021 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
155.31 |
| High Date |
01/12/2021 |
| Low |
145.89 |
| Low Date |
01/15/2021 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
155.31 |
| High Date |
01/12/2021 |
| Low |
145.89 |
| Low Date |
01/15/2021 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
137.31 |
| Low Date |
01/06/2021 |
| High |
155.31 |
| High Date |
01/12/2021 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
153.33 |
| High Date |
12/22/2020 |
| Low |
137.31 |
| Low Date |
01/06/2021 |
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