top of page

FTNT keeps outperforming despite momentum weakness

Context Technical Analysis

​FTNT – Fortinel Inc. – started November with a huge gap and a series of bullish candlesticks along the upper Bollinger Band.

It’s still moving well above its 10-day exponential moving average, which in turn moves above the diverging 20- and 50-day exponential moving averages, an indication of a strong bullish trend.


​Since early-November, MACD is in positive territory and moving above its signal line.

​Relative Strength

​The stock’s Relative Strength has been moving up and above its 20-day exponential moving average since late October.

​General MSI


​Sector MSI

​52, the fourth strongest Sector

​Higher Time Frame

The stock’s weekly chart shows that:

  1. FTNT moves on its rising upper Bollinger Band.

  2. The MACD is above its signal line

  3. The stock’s Relative Strength is moving up and above its 20-day exponential moving average

​Suggested Buy

​Buy above 105.5

​Suggested Stop Loss

​Sell at 102.5


​330 stocks

Featured Posts
Check back soon
Once posts are published, you’ll see them here.
Recent Posts
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
bottom of page