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Systems Software Industry Stocks Technical Analysis - FTNT

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- 8/8/2025 -
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Fortinet (FTNT) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic oversoldRelative Strength Index is strongly oversoldBearish Dark Cloud Cover CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the Fortinet (FTNT). During the week, the FTNT dropped -22.97 points, or -23.59%, and closed at 74.39 on Friday, August 8, 2025. Weekly volume was 251% above average.

Long-term trend: [See FTNT long-term trend chart]
A long-term uptrend had started on November 3, 2023 at 44.15 and reached 114.80 on February 18, 2025. FTNT gained -70.65 points, or -160.02%, in 67 weeks. The price is now at the 57.20% retracement level.

Medium-term trend: [See FTNT medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 81.70 and reached 109.33 on May 5, 2025. FTNT gained -27.63 points, or -33.82%, in 4 weeks. The price is now at the 126.46% retracement level.

Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 7, 2025. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See FTNT short-term trend chart]
A short-term downtrend had started on July 21, 2025 at 107.52 and reached 70.12 on August 7, 2025. FTNT lost 37.40 points, or 34.78%, in 17 days. The price is now at the 11.42% retracement level.

Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold while Relative Strength Index is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range and Lane's Stochastic or strongly oversold daily Relative Strength Index. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since July 28, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (47.96%) is close to one year high (42.02%). It is 236.20% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Candlestick pattern: [See FTNT candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 5.28
Strong Oversold
Williams' Percentage Range (W%R) 84.00
Oversold
Lane's Stochastic (%D-Slow) 10.01
Oversold
Greed/Fear Indicator (GFI) 10.43
Oversold
Moving Average Converg./Diverg. (MACD) -1.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.30
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 47.94
Greed/Fear Indicator (GFI) 32.71
Moving Average Converg./Diverg. (MACD) 3.12
Trading Signals
Description Value Chart
Upper Bollinger Band 114.84
50 Day Moving Average 101.72
20 Day Moving Average 99.89
Parabolic System 92.65
Weekly Stochastic Crossing 86.63
Lower Bollinger Band 79.16
Price 74.39
Daily Stochastic Crossing 72.79
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Systems Software 16
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 107.52
High Date 07/21/2025
Low 70.12
Low Date 08/07/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.77
High Date 07/09/2025
Low 70.12
Low Date 08/07/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 109.33
High Date 05/05/2025
Low 70.12
Low Date 08/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.70
Low Date 04/07/2025
High 109.33
High Date 05/05/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.15
Low Date 11/03/2023
High 114.80
High Date 02/18/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.