Fortinet, Inc. (NASDAQ:FTNT) Jumped Up 1.4%, But Why?

In its most recent trading session, Fortinet, Inc. (NASDAQ:FTNT) spiked up by 1.4% – here is what that looked like (as of 2020-01-06):

What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.016, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.091, an Accumulation/Distribution Index (ADI) of 1.091, an On-Balance Volume (OBV) of 262.124, and a Chaiikin Money Flow (CMF) of -109.68. 1.206

So what do these technical indicators mean? Let’s see. Consulting Trading View, this is what it all means:

So there you have it – our analysis of Fortinet, Inc. (NASDAQ:FTNT). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.