Fortinet Stock Technical Analysis

FTNT
 Stock
  

USD 57.37  0.79  1.40%   

As of the 1st of July, Fortinet shows the coefficient of variation of (1,498), and Mean Deviation of 2.54. Fortinet technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Fortinet, which can be compared to its rivals. Please confirm Fortinet variance and potential upside to decide if Fortinet is priced favorably, providing market reflects its regular price of 57.37 per share. Given that Fortinet has jensen alpha of 0.0868, we urge you to verify Fortinet's prevailing market performance to make sure the company can sustain itself at a future point.
  
Refresh

Fortinet Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fortinet, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Fortinet
Fortinet's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Fortinet Analyst Consensus

Target PriceAdvice# of Analysts
346.05Hold20Odds
Fortinet current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Fortinet analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Fortinet stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Fortinet, talking to its executives and customers, or listening to Fortinet conference calls.
Fortinet Analyst Advice Details
Fortinet technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Fortinet technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Fortinet trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Fortinet Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Fortinet volatility developed by Welles Wilder.
.

Fortinet Trend Analysis

Use this graph to draw trend lines for Fortinet. You can use it to identify possible trend reversals for Fortinet as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Fortinet price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Fortinet Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Fortinet applied against its price change over selected period. The best fit line has a slop of   -0.16  , which may suggest that Fortinet market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1003.56, which is the sum of squared deviations for the predicted Fortinet price change compared to its average price change.

About Fortinet Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Fortinet on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Fortinet based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Fortinet stock first instead of the macroeconomic environment surrounding Fortinet. By analyzing Fortinet's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Fortinet's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Fortinet specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2021 2022 (projected)
Long Term Debt to Equity1.261.141.13
Interest Coverage62.155.8955.56

Fortinet July 1, 2022 Technical Indicators

Most technical analysis of Fortinet help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fortinet from various momentum indicators to cycle indicators. When you analyze Fortinet charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Fortinet July 1, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Fortinet stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Investing Opportunities. Note that the Fortinet information on this page should be used as a complementary analysis to other Fortinet's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for Fortinet Stock analysis

When running Fortinet price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Go
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Go
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Go
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Fundamental Analysis
View fundamental data based on most recent published financial statements
Go
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Go
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
Go
Watchlist Optimization
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
Go
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
Go
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Go
Bond Directory
Find actively traded corporate debentures issued by US companies
Go
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Go
Is Fortinet's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortinet. If investors know Fortinet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortinet listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.31
Market Capitalization
45.9 B
Quarterly Revenue Growth YOY
0.34
Return On Assets
0.0772
Return On Equity
1.05
The market value of Fortinet is measured differently than its book value, which is the value of Fortinet that is recorded on the company's balance sheet. Investors also form their own opinion of Fortinet's value that differs from its market value or its book value, called intrinsic value, which is Fortinet's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortinet's market value can be influenced by many factors that don't directly affect Fortinet's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortinet's value and its price as these two are different measures arrived at by different means. Investors typically determine Fortinet value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortinet's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.