⚠️ Uptrend Under Pressure Severe risk · 75 · Institutional selling is building — 5 distribution days in the last 25 sessions. · 5 distribution days Full briefing → Jun 06

$FTNT

Fortinet, Inc.

Fortinet, Inc. is a large-cap Information Technology Services company in the Technology Services sector with a market cap of $110B.

Technology Services Information Technology Services stock Stage 2 · Advancing Base 3+ Data 24h 52m ago
$149.67 latest close
Price $149.67
52W High $150.07 -0.3%
52W Low $70.12
Wks Basing 0w
Base B3
SMA 50 $101.46
SMA 200 $86.61
Avg Vol 6,156,505
RS Rank 64
RS vs High +0.0%
RS Slope +34.0% ▲
Grp Rank #14/57
ADR% 4.2%
ATR(14) $5.66 (3.8%)
Rel Vol 0.85×
Vol Pace N/A
U/D Vol 6.36
A/D Days 12A / 7D
A/D Rating A+
VDU Bars 0/10 d
Power Trend 30d
Earnings 60d
$70.12
$150.07 100%

FTNT Chart

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Setup Quality A 6/7 signals
Jun 04: 90 (Flat Base)Jun 04: 91 (Flat Base)Jun 04: 91 (Flat Base)Jun 05: 91 (Flat Base)Jun 05: 89 (Flat Base)Jun 05: 89 (Flat Base)89 Score trend
✓ Stage 2 · Advancing ✓ Power Trend 30d ✓ RS New High ✓ Trend 8/8 ✗ No Pattern ✓ CANSLIM 85.0 (A+) ✓ Gatekeeper Base #3 (C)

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Legend Scorecard 6 methodology checks
Council consensus: 🟡 4 of 6 legends are Watching — building, not yet a confirmed buy.
Watch
B 9/12
Ask →
Avoid
C 4/7
Ask →
Avoid
C 4/7
Ask →
Watch
B 3/4
Ask →
Watch
B 3/4
Ask →
Watch
B 3/4
Ask →
Breakout Health

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH NH
NH113RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +2 A+
A: 14 D: 12 Net: +265 sessions
Minervini · Grade Card
SEPA — Specific Entry Point Analysis · 5/7 criteria met
B 5/7 SEPA
EPS acceleration ≥25% QoQ +1%
Revenue growth ≥20% YoY +14%
Gross margin ≥30% 80%
ROE ≥17% 156%
RS rating ≥80 (price leadership) 100
Stage 2 uptrend (Weinstein) Stage 2
Within 25% of 52W high -0.3%

Pattern Analysis

Flat Base O'Neil-grade Flat Base setups historically resolved up 26% of the time.
89.4 score
RS Score 100
Trend 8/8
CANSLIM 85.0 (A+)
depth pct: 8.3 base days: 36 prior uptrend pct: 31.7 weekly close spread pct: 4.7 validation reason: valid generic setup multi tf reason: weekly structure: above 30W MA
Why This Setup?
Flat Base

Flat Base: 36d base, depth 8.3%, prior uptrend 32%. Pivot $107.56. | Strong trend (8/8) | Top RS (100) | High-confidence pattern (90%) | Accumulation (6.5× up/dn vol) | RS at new high | Power Trend | Stage 2 | Readiness 61/100 (early) | CANSLIM 85.0 (A+)

Minervini Trend Template

8/8
Price above SMA 150 & 200 $149.67 vs SMA150 $88.07 / SMA200 $86.61
SMA 150 above SMA 200 SMA150 $88.07 vs SMA200 $86.61
SMA 200 trending up Slope +3.72 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $101.46
Price above SMA 50 $149.67 vs SMA50 $101.46
30%+ above 52W low +113.4% from $70.12
Within 25% of 52W high -0.3% from $150.07
RS score above 70 RS 100

Fundamentals

52W Range
100%
Mkt Cap SEC
109.7B
EPS QoQ
+1%
Rev YoY
+14%
ROE
156%
Gross Margin
80%
D/E
0.81
EPS TTM
$2.42
P/E TTM
61.8x
Float
733M
Insider
No Buy

Company

O'Neil · Grade Card
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
A+ 85.0 CANSLIM
C · Curr. EPS
57
A · Annual EPS
100
N · New Highs
100
S · Supply/Demand
70
L · Leader RS
100
I · Inst. Spons.
96
M · Market
100

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
4/8
W. RS
73
W. Support
$73.55
W. Resist
$150.07
Weekly Structure

Scan History

20× streak
Jun 04: 90 (Flat Base)Jun 04: 91 (Flat Base)Jun 04: 91 (Flat Base)Jun 05: 91 (Flat Base)Jun 05: 89 (Flat Base)Jun 05: 89 (Flat Base)89
Jun 05
Flat Base ✓ Gate
89
Jun 05
Flat Base ✓ Gate
89
Jun 05
Flat Base ✓ Gate
91
Jun 04
Flat Base ✓ Gate
91 0.0%
Jun 04
Flat Base ✓ Gate
91 0.0%
Jun 04
Flat Base ✓ Gate
90 0.0%

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