Time to add some Cybersecurity stocks to your Portfolio?In the video I take a look at FTNT, CRWD and FFIV and I bring the case for some cybersecurity investing.
F1TN34 trade ideas
Quick flip - long FTNT-FTNT is solidly in 12M, 6M and 3M uptrends.
-It bounced nicely today off of near term support and its regression channel bottom.
-It has been an excellent trade for me using my algo + FPC exit. Historically, (including backtesting) its W/L is 340-2* (the 2 are the last 2 days) though I didn't trade it yesterday. I'm already regretting not buying a double lot today to make up for that.
-Since April, no trade has taken more than 3 days to close profitably and that only happened once. 68% of them have closed profitably in one day (16 of 25 trades).
Over its history with this system, the average holding period with FTNT is 12 trading days and has an average gain of 2.12% (45% annualized and .17% per day held). That's 4x the average daily return of SPY. In this twitchy market, another selling point is that over its entire history, including major corrections, it required a max of 9 lots of capital committed using this system. Essentially that means relatively short drawdowns.
BTW, my initial lot entry price was 92.485
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
FTNT Consolidation with Earnings on the HorizonThis is another consolidating triangle although I dont really care for how abrasive the price action has been. I prefer the consolidations to be more swoopy and less spikey. That said, this still qualifies. Volume has been largely contained complete.
The last spike to the top line reads as a false breakout to me which does provide some concern. That said, I still like this as an entry provided there are 2 more days of sideways movement with lower than average volume.
The price target is estimated a jump of 25% based on the last 2 pumps of 31% and 28% (average of 3% drop on each push). IF there's an entry and you're a block target exit kinda person, aim for 20%. Stop is under the support line as always. I would choose to give this a bit of a wide birth on the stop to avoid hunters.
A word of caution (or excitement depending on your viewpoint), earnings is about a month away. There is too much uncertainty during the earnings releases for me so I choose to close positions and sit out. I have other strategies for handling earnings.
Trading Journal - LOSSPremature entry, Need to again wait till the end of the day.
Depending upon how the market is, even if market is good, waiting for end of the day buying is so much better than buying early.
This got rejected again at $100 level, this still looks good so putting back into watchlist.
WIll wait for a good close next time.
FTNT: A Captura Security Co to run for 3-6mo, then reverse.Monitor monthly to begin recycling of buy and sell for long-term.
However, is this company a morale company? Are they a b-Corp? No?
Is the Next Cybersecurity Giant Already Hiding in Plain Sight?At a time when most tech companies are navigating turbulent markets, Fortinet's remarkable Q3 performance tells a story that goes beyond mere numbers. With a 13% revenue surge to $1.51 billion and service revenue climbing 19.1% to $1.03 billion, the company isn't just growing – it's redefining what's possible in the cybersecurity landscape. But the real intrigue lies in the phoenix-like resurrection of its firewall business, which has returned to positive growth after several quarters of decline, suggesting a strategic mastery that few companies have achieved in this sector.
The convergence of three critical factors sets the stage for what could be a transformative period in Fortinet's journey. First, the imminent arrival of the largest firewall refresh cycle in the company's history, set to peak in 2026, creates a rare market opportunity. Second, the company's aggressive expansion into generative AI, now spanning seven different products, positions it at the forefront of technological innovation. Third, institutional investors are taking notice, with Los Angeles Capital Management LLC increasing its holdings by an astounding 3,155.6% – a vote of confidence that speaks volumes about the company's prospects.
What makes this narrative particularly compelling is Fortinet's ability to execute on multiple fronts simultaneously. While most companies struggle to maintain growth in their core business while innovating for the future, Fortinet has managed to do both. The company's CFO, Keith Jensen, notes that the upcoming refresh cycle will uniquely impact mid-range firewalls – a departure from historical patterns that typically focused on entry-level products. This strategic positioning, combined with the company's AI-driven innovation and strong financial fundamentals, suggests that Fortinet isn't just participating in the cybersecurity market's evolution – it's actively shaping it.
The question isn't whether Fortinet will continue to grow, but rather how far its influence in the cybersecurity landscape will extend. As cyber threats become increasingly sophisticated and digital transformation accelerates across industries, companies that can successfully blend networking and security while leveraging cutting-edge AI capabilities will likely emerge as the leaders of tomorrow. Fortinet's current trajectory suggests it's not just preparing for this future – it's already there, waiting for the rest of the market to catch up.
FTNT eyes on $ 77.55: Golden Genesis fib to DIP or to Break?FTNT popped it into a Golden Genesis fib.
This might start a pullback for long entries.
Or we may get a Break-n-Retest entry above.
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FTNT - pullback coming aim to buy at USD60Short-term bearish for the next 2-3 mths as pullback is coming, but long term bullish on FTNT and aim to buy at USD60
FTNT Pulling back with a Nice SetupNASDAQ:FTNT pulling back to confluence of support on top of its previous breakout level and 50 moving average line.
Up down volume and OBV line held up well during this pullback.
Earnings in 2 days to add some spices to the setup.
$FTNT at top of my listWith the market under pressure, this stock is up and very close to all time highs. This shows strength in buying. Some basing pattern or pullback would be nice but this is my top pick to start a position soon.
Fortinet (FTNT) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
FTNT - A potential setup for a swing tradeRemain vigilant for daily reversal candles occurring near the support area. In the event of a daily closing breach of the support levels (red lines), there is a possibility of further downward movement, emphasizing the importance of implementing risk management strategies.
Fortinet hanging on by a threadFortinet is very close to breaking the neckline of a head and shoulders pattern on the weekly chart. If it breaks below the 0.382 Fibonacci level, it will break down quite heavily. Cybersecurity is a crowded trade and with upcoming earnings of Crowdstrike and Zscaler, if the earnings and outlook comes in below expectation, I would imagine Fortinet will see a larger drop.
FTNT potential Buy setupReasons for bullish bias:
- Positive earnings
- Daily and weekly support
- Weekly trendline
- Daily bullish engulfing
- 0.5 Fib level
Here are the recommended trading levels:
Entry Level(CMP): 58.99
Stop Loss Level: 56.48
Take Profit Level 1: 65.06
Take Profit Level 2: Open
5/2/24 - $ftnt - don't get why to own this... careful fam5/2/24 - vrockstar - seems a bit rich at 8x sales for sub 10% growth. cash machine, won't have the "guide" problem (well as much as more obvious candidates per the product niche/ security cyber). that being said, high 30s PE just buys you a better aapl, msft, slightly more obvious see-through risk. i'd look to short an outsized pop here to the range highs of mid 70s. realistically though i'll probably just let this one float. curious why ppl who own this are willing to pay these mutliples. seems lazy? exit - rotate into NASDAQ:NVDA or something w/ substantially better growth w/ only slightly higher multiples on an adj. fwd basis? hrm.
Prepping another FTNT tradeI am prepping another FTNT trade leading into earnings. As we hit the top range of the gap and fell a wedge forms. A purple momentum trend needs to be retaken. This candle looks to be an inside day as well, during this generally bullish long-term trend I think we are more likely to continue to go up than down.
-I am eyeing June 80$ calls here
-I might enter before market close, not the entire position just the start
Fortinet innovates with cybersecurity OS. Trading Idea 5/04/24Fortinet Inc. (Ticker: FTNT) has made headlines by introducing significant updates to its cybersecurity offerings. This move signals a strategic push towards consolidating its position within the cybersecurity domain. The company is pioneering a novel approach with the development of the comprehensive cybersecurity operating system, FortiOS. This system aims to streamline cyber defence by providing an integrated solution capable of guarding against a wide array of cyber threats through a singular platform.
FortiOS distinguishes itself by amalgamating various defensive techniques, ranging from access policies and device geolocation to utilising generative artificial intelligence and dedicated processors designed for cybersecurity computations. This integration facilitates a more streamlined deployment process, potentially reducing the need for extensive manual management and energy consumption compared to using separate tools from multiple vendors.
In light of this strategic development, investors and traders might see potential value in examining Fortinet's stock for investment opportunities.
Technical analysis of Fortinet Inc. (FTNT) stock
Daily (D1) timeframe:
The stock chart reveals a 64.86 USD support and a 73.91 USD resistance level
Since November 2023, Fortinet's stock has been in an uptrend, punctuated by minor corrections
Hourly (H1) timeframe:
For traders looking at shorter timeframes, breaking above the 73.91 USD resistance level could indicate an opportunity for long positions, with a short-term target of 80.34 USD
In the medium term, holding a long position with a target of 90.30 USD seems plausible, should the upward momentum continue beyond the short-term target
This analysis suggests a bullish outlook for Fortinet's stock in the near to medium term, spurred by the company's innovative strides in cybersecurity. However, as with all investments, monitoring market conditions, company performance, and broader economic factors that could influence stock movement is crucial.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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FTNT: Dark Pool Buy Zone SupportNASDAQ:FTNT is a good example of a stock that had a big gap down that immediately filled due to falling below its fundamental level and a Dark Pool Buy Zone.
This and the sideways trading range developing on the long-term trend creates strong support for weathering any sympathy moves from other cybersecurity stocks that have been over-speculated.
Sideways action is likely to continue for a time, but AI-driven cybersecurity will only become more important in the years ahead and this stock is still at a decent price.
FTNT Gap closureFTNT gap closure is impending as MAG7 stocks overheat. Finding value in the markets is going to be pretty hard going forward. FTNT was one of the few largely undervalued tech plays. I have closed out my call position but plan on holding my spot position long-term in my long account.
-I expect volatility as we approach 74$
-A retest of 81$ this year to new all-time-highs
Long $FTNTNASDAQ:FTNT made a significant bottom recently on Feb 21 at $61. Great opportunity to add a tech stock to your portfolio.
FTNT GAP updateThankfully I exited my March FTNT calls on that huge pump because I had a feeling the pump wouldnt last. Palo Alto has taken cybersecurity down pretty hard this week. FTNT presents another gap within the previous gap from august. I added a box to display the full gap zone and how the stock has fallen almost all the way back to where we started.
The smaller box is a daily local demand that the stock is dipping into (buy zone).
My strategy here since this is one of my few tech longs is to add spot slowly on this dip. NVDA earnings and an overheated QQQ/SPX could lead to a correction soon, lower prices are on the horizon. I like FTNT because it presents one of the rare value opportunities in the tech space right now, everything else is too expensive.
My next plan is to coordinate another call setup. Possibly 3-6 months out 10-15% from current price for the strike. I wont do this until I see NVDA and fed updates.
FTNT major winIf you have been following me for a while I played both FTNT and RTX gaps fairly well and am very thankful for those trades and the patience. I started layering into FTNT just below 60$ spot recently as I decided I was willing to hold it long term. I have a bag of march 15th 70$ calls that I will most likely sell entirety of tomorrow. Its hard not to sell calls that are less than 60 days from expiration after such a big move. I will continue to hold my spot, this is why its so important to hold spot on things you are trading that youre bullish on. If the stock continues to pump I will have the spot shares achieving the gains and the calls were my leverage.
FTNT contraction FTNT pushes against the fib and consolidates on a wedge just below. This is during a bottom in stochastic, expansion here should result in an upside break. For those who have been following this is also a GAP trade which helps push these back up if there is some demand for the stock. I highlighted the GAP that is a 33% move, you just have to be patient here.
