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Takip Edin: @UscMarketsFTNT Stock Forecast & Fortinet Chart Analysis
This article provides a detailed analysis of FTNT-Fortinet stock including a forecast for FTNT shares. It features Fortinet, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
FTNT Historical Data Review
FTNT Current Price Performance Analysis
The Fortinet - FTNT stock traded on the American stock market, on 06-05-2024, closed at 59.71$ with a %1.82 increased compared to the previous day.
In the last month, the price of FTNT changed by %1.53 increased in value, from 58.81 dollars on 05-06-2024 to 59.71 dollars, increased.
Last year, the price of FTNT was 69.54 dollars on 06-06-2023, and changed by %-14.14 decreased in value, to 59.71 dollars decreased within a year.
The price of Fortinet stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
FTNT with AI Stock Forecast & Price Target
On the FTNT chart Fortinet price was recorded as 59.71 Dollars on 06/05/2024.
The artificial intelligence's forecast on FTNT stock is as follows.
The artificial intelligence's prediction error margin for FTNT stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Fortinet stock over the next 4 months is: 71.1 Dollars.
The commentary on FTNT stock Target Price: Highest: 77.643 Dollars is predicted.
The commentary on FTNT stock Target Price: Lowest: 61.413 Dollars is predicted.
Resistance Price where Fortinet stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-20-2024 | 65.388 |
| 07-30-2024 | 72.105 |
| 09-23-2024 | 77.643 |
| 11-12-2024 | 77.040 |
| 12-17-2024 | 77.287 |
| 02-20-2025 | 71.381 |
Support Price where Fortinet stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 65.370 |
| 08-19-2024 | 70.470 |
| 10-18-2024 | 74.952 |
| 11-27-2024 | 76.671 |
| 01-31-2025 | 67.091 |
| 04-01-2025 | 61.413 |
The commentary on FTNT stock: Fluctuations in the target price can be expected in the coming days.
The target price for Fortinet stock by the end of 2024 is predicted to be 76.088 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on FTNT stock, and the 2024 target price predictions for Fortinet are detailed above.
The technical analysis and charts for the commentary on FTNT stock are below.
FTNT Support & Resistance and Trend Analysis
FTNT stock you have reviewed the technical analysis support resistance charts regarding.
FTNT : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the FTNT review, the Fortinet support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Fortinet Support and Resistance Prices:
| FTNT Support Level Price | FTNT Resistance Level Price |
|---|---|
| 44.12 | 54.89 |
| 50.65 | 62.41 |
| 56.94 | 63.04 |
| 57.84 | 65.80 |
| 58.43 | 67.19 |
| 58.79 | 71.49 |
| 61.00 | 73.50 |
| 62.92 | 73.63 |
| 66.19 | 73.91 |
FTNT Technical Analysis: SMA, RSI, MACD
Upon reviewing the FTNT chart, buy and sell signals have been generated in the Fortinet technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for FTNT stock are as follows:- FTNT technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Fortinet gave a 'Buy' signal when the RSI was at 25.34, with the current RSI value at 45.338.
- The technical analysis for FTNT indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Fortinet issued a 'Buy' signal when the MACD was at -1.094, with the current MACD value being: -1.094
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Fortinet stock: Click here to read more predictions on Capital One Financial stock.
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