📊AI Chart Analysis: FTNT
Technical chart analysis powered by AI vision
📋Executive Summary
AI-generated analysis for educational purposes. The chart shows FTNT in a primary downtrend on weekly timeframes with price trading below the 50- and 200-day SMAs (SMA50 ≈ $82.43, SMA200 ≈ $91.31). Technical indicators and price/volume footprints suggest the stock is in a markdown phase with possible short-term basing, so the most probable near-term path is continuation lower or sideways digestion until a weekly close above the $91 level confirms trend change.
$65.00
2-4 months
Pattern Analysis
If the channel breaks lower with volume confirmation, measured move projects toward $65 (width of current range projected down). A sustained weekly close above $91.31 (200 SMA) would negate this bearish measured move and shift pattern expectation toward recovery to prior resistance around $100–110.
💡 Following the top near $116, sellers forced lower highs and lower lows while attempts to rally ran into institutional supply around $90–105; the market is digesting the markdown into a horizontal/sloping channel where sellers are likely resting orders above and buyers stepping in near $74–78.
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⚠️ Disclaimer: This AI-generated analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.