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Archive
- 9/11/2026 -
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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 gave back -0.22 points, or -0.14%, and closed at 156.07 on Friday, September 11, 2026. Weekly volume was -48% below average.
FTNT is a member of Information Technology Sector. Information Technology is the second 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 173.89 on August 27, 2026. FTNT gained -129.74 points, or -293.86%, in 146 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (158.59). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See FTNT medium-term trend chart]
A medium-term downtrend had started on August 27, 2026 at 173.89 and reached 151.80 on September 2, 2026. FTNT lost 22.09 points, or 12.70%, in 0 weeks. The price is now at the 19.33% retracement level.
 Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 September 10, 2026 at 161.98 and reached 155.18 on September 11, 2026. FTNT lost 6.80 points, or 4.20%, in 1 days. The price is now at the 13.09% retracement level.
 Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 2, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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