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Archive
- 7/11/2025 -
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Fortinet (FTNT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Fortinet (FTNT). During the week, the FTNT dropped -6.60 points, or -6.25%, and closed at 99.06 on Friday, July 11, 2025. It was the worst weekly loss since May 9, 2025. FTNT was trading at average weekly trading volume.
FTNT is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See FTNT medium-term trend chart]
A medium-term downtrend had started on May 5, 2025 at 109.33 and reached 93.25 on May 8, 2025. FTNT lost 16.08 points, or 14.71%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (100.92) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See FTNT short-term trend chart]
A short-term uptrend had started on June 23, 2025 at 98.60 and reached 108.77 on July 9, 2025. FTNT gained -10.17 points, or -10.31%, in 16 days. Price is near the lowest trend level.
 Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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