Fortinet, Inc. (FTNT) stock advanced slightly in its latest intraday trading, supported by continued trading above the previous 50-day SMA and under the dominance of a short-term corrective bullish wave, with trading along an ascending line that reinforces this direction. In addition, positive signals are appearing from the relative strength indicators after reaching extremely oversold levels.

Therefore, we expect the stock to rise in its upcoming trading sessions as long as the support level of $81.10 holds, targeting the key and nearby resistance level of $87.20 in preparation to test it.

Todays stock forecast: Bullish.