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Archive
- 10/3/2025 -
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Fortinet (FTNT) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a fifth consecutive positive week for the Fortinet (FTNT). During the week, the FTNT gained 1.47 points, or 1.74%, and closed at 85.79 on Friday, October 3, 2025. Weekly volume was -18% below 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 41.06% retracement 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 70.12 on August 7, 2025. FTNT lost 39.21 points, or 35.86%, in 13 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 55.20 and resistance is at 107.99. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern 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. 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 August 7, 2025 at 70.12 and reached 87.24 on October 3, 2025. FTNT gained -17.12 points, or -24.42%, in 57 days. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (83.71) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since August 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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