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Archive
- 5/23/2025 -
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Fortinet (FTNT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Fortinet (FTNT). During the week, the FTNT dropped -1.43 points, or -1.37%, and closed at 103.16 on Friday, May 23, 2025. Weekly volume was -21% below average.
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. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 65.77 and resistance is at 125.46. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See FTNT medium-term trend chart]
A medium-term downtrend had started on February 18, 2025 at 114.80 and reached 81.70 on April 7, 2025. FTNT lost 33.10 points, or 28.83%, in 6 weeks. The price is now at the 64.83% retracement level.
 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 May 8, 2025 at 93.25 and reached 105.97 on May 14, 2025. FTNT gained -12.72 points, or -13.64%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 May 20, 2025. The distance between MACD and the signal line is low, but getting bigger.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
12 |
| Industry |
Systems Software |
103 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
93.25 |
| Low Date |
05/08/2025 |
| High |
105.97 |
| High Date |
05/14/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
109.33 |
| High Date |
05/05/2025 |
| Low |
93.25 |
| Low Date |
05/08/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
81.70 |
| Low Date |
04/07/2025 |
| High |
109.33 |
| High Date |
05/05/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
114.80 |
| High Date |
02/18/2025 |
| Low |
81.70 |
| Low Date |
04/07/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
125.46 |
| Support |
65.77 |
| Low |
44.15 |
| Low Date |
11/03/2023 |
| High |
114.80 |
| High Date |
02/18/2025 |
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