Fortinet may rise to 63.90 - 65.30

57.1 is our pivot point.

Our preference

Short term rebound towards 63.9.

Alternative scenario

Below 57.1, expect 54.8 and 53.5.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 59.751 and 60.0726).

Supports and resistances

66.6 **

65.3 *

63.9 **

62.6

58.79 (USD-last)

57.9

57.1 **

54.8 *

53.5 **

Number of asterisks represents the strength of support and resistance levels.