Trading (FTNT) With Integrated Risk Controls
January 12, 2025, 15:16 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for FTNT
- Buy FTNT near 88.74 target 100.06 stop loss @ 88.48 Details
The technical summary data tells us to buy FTNT near 88.74 with an upside target of 100.06. This data also tells us to set a stop loss @ 88.48 to protect against excessive loss in case the stock begins to move against the trade. 88.74 is the first level of support below 94.56 , and by rule, any test of support is a buy signal. In this case, support 88.74 is being tested, a buy signal would exist.
- Short FTNT slightly under 100.06, target 88.74, stop loss @ 100.35 Details
The technical summary data is suggesting a short of FTNT as it gets near 100.06 with a downside target of 88.74. We should have a stop loss in place at 100.35though. 100.06 is the first level of resistance above 94.56, and by rule, any test of resistance is a short signal. In this case, if resistance 100.06 is being tested, a short signal would exist.
Swing Trading Plans for FTNT
- Buy FTNT slightly over 97.15, target 100.06, Stop Loss @ 96.87 Details
If 97.15 begins to break higher, the technical summary data tells us to buy FTNT just slightly over 97.15, with an upside target of 100.06. The data also tells us to set a stop loss @ 96.87 in case the stock turns against the trade. 97.15 is the first level of resistance above 94.56, and by rule, any break above resistance is a buy signal. In this case, 97.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FTNT slightly near 97.15, target 94.06, Stop Loss @ 97.43. Details
The technical summary data is suggesting a short of FTNT if it tests 97.15 with a downside target of 94.06. We should have a stop loss in place at 97.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 97.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for FTNT
- Buy FTNT slightly over 95.44, target 97.15, Stop Loss @ 95.22 Details
If 95.44 begins to break higher, the technical summary data tells us to buy FTNT just slightly over 95.44, with an upside target of 97.15. The data also tells us to set a stop loss @ 95.22 in case the stock turns against the trade. 95.44 is the first level of resistance above 94.56, and by rule, any break above resistance is a buy signal. In this case, 95.44, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short FTNT slightly near 95.44, target 94.06, Stop Loss @ 95.66. Details
The technical summary data is suggesting a short of FTNT if it tests 95.44 with a downside target of 94.06. We should have a stop loss in place at 95.66 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 95.44, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Fortinet Inc. (FTNT) available here: FTNT.
FTNT Ratings for January 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
78.05 |
| P2 |
93.5 |
94.06 |
88.74 |
| P3 |
95.44 |
97.15 |
100.06 |
AI Generated Signals for FTNT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for FTNT:
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