Fortinet, Inc.

FTNT · Technology · · USD

156.29 USD

0.00 (-0.04%)

● Updated 2026-09-07 19:33 Saudi Time ↻ Refresh

Short-term Mid-term Long-term

Fahodi Score HOLD Short-term (Swing)

/ 100

Technical 50

Trend & RS 78

Momentum 72

Fundamental (0%) 67

Macro 64

Liquidity 46

Component	Score	Weight
Technical	50.0	40%
Trend & RS	78.0	20%
Momentum	72.5	20%
Fundamental	66.7	0%
Macro	64.4	15%
Liquidity	46.4	5%

Trade Setup

Entry	156.29
Stop Loss	142.23 (9.0%)
Target 1 (1:1)	170.35 (+9.0%)
Target 2 (2:1)	184.41 (+18.0%)

ATR(14)	7.03 (4.5%)
Risk per Share	14.06
Reward:Risk	2:1

ATR-based levels. Adjust for support/resistance zones.

Factor Profile

Factor	Score	Z
Value	0.0	-2.00
Momentum	72.5	+0.90
Quality	66.2	+0.65
Composite	46.2

Quality Scores

Piotroski F-Score 6 /9 — Average

✓ ✓ ✗ ✗ ✓ ✗ ✓ ✓ ✓

1. Positive Net Income 2. Positive Roa 3. Positive Cfo 4. Quality Earnings 5. Lower Leverage 6. Higher Liquidity 7. No Dilution 8. Higher Gross Margin 9. Higher Asset Turnover

Altman Z-Score Insufficient Data

Valuation vs Peers Overvalued

Metric	Stock	Sector	vs Peers
P/E Ratio	55.2	28.0	+97% above
P/B Ratio	73.9	6.0	Above

Comparing against Technology median multiples.

Trading at a premium to sector peers — verify growth justifies premium.

Intrinsic Value (DCF) Significantly Overvalued

Intrinsic Value

88.21

Market Price

156.29

Upside

-43.6%

Margin of Safety	-77.2%
Stage 1 PV (5yr FCF)	12,762,563,484
Terminal Value PV	51,955,449,882
Total Enterprise Value	64,718,013,366

Assumptions

Base FCF	1,661,127,720
Growth Rate (5yr)	25.0%
Terminal Growth	2.5%
Discount Rate (WACC)	9.0%

2-stage DCF: 5yr projected FCF + Gordon Growth terminal value. Estimates only — adjust growth and WACC for your own assumptions.

Position Sizing — Kelly Criterion

4.5%

Recommended Size

40.81%

Full Kelly

20.41%

Half Kelly

5.0%

Max Cap (Moderate)

Kelly inputs derived from quant score 62/100. Estimated win rate 59%, avg win 8.7%, avg loss 3.8%. Position was capped at the moderate risk maximum. This is analytical output, not a recommendation to trade.

BEAR Regime: BEAR (20% confidence) — position size reduced 10%

Signal Summary BUY

Bullish Signals

Bearish Signals

47.82

RSI(14)

0.5314

MACD

Relative Strength (RS) NEUTRAL

/ 99

RS Rating

✓ O'Neil PASS (≥80)

RS vs SPY	→ FLAT (+3.3% vs SPY 3M)
RS vs Sector	OUTPERFORMING (Technology)
RS New High	No (6d since high)
Sector Outperformance	+14.2% (3M)

RS Line — stock / SPY (90 bars)

← older newer →

RS vs SPY 50-day SMA of RS

NEUTRAL: In line with the market — no strong outperformance or underperformance.

Technical Indicators

Indicator	Value	Signal
Rsi	47.82	NEUTRAL
Macd	0.5314	BEARISH
Ma Cross	158.78 / 110.06	GOLDEN CROSS
Trend Short		BELOW SMA50
Trend Long		ABOVE SMA200
Bollinger		MIDDLE
Volume	0.7x	NORMAL

Key Levels

Level	Price
52-Week High	173.89
Bollinger Upper	171.66
SMA(200)	110.06
SMA(50)	158.78
SMA(20)	159.27
Current Price	156.29
Bollinger Lower	146.87
52-Week Low	73.55
ATR(14)	7.03

Advanced Technical Analysis

Click to expand

Wyckoff Phase & Volume Spread Analysis

Wyckoff Phase

Insufficient data for Wyckoff analysis.

Volume Spread Analysis (last 5 bars)

Date	Signal	Vol	Description
2026-08-31	Normal	1.52x	Normal bar — no special VSA pattern
2026-09-01	Normal	1.26x	Normal bar — no special VSA pattern
2026-09-02	Normal	1.19x	Normal bar — no special VSA pattern
2026-09-03	Normal	0.72x	Normal bar — no special VSA pattern
2026-09-04	Normal	0.7x	Normal bar — no special VSA pattern

Ichimoku Cloud NEUTRAL

Line	Value	Status
Tenkan-sen (9)	161.69	Above Kijun
Kijun-sen (26)	161.07	Base line
Senkou A	161.38	Leading span A
Senkou B	158.83	Leading span B
Cloud	158.83 – 161.38	Bullish (Green)
Price vs Cloud	156.29	Below Cloud
Chikou Span	161.95	Bearish
Alignment Score	2/4	NEUTRAL