The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Channel
Number of records: 10
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1 Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/5/2024 -
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Fortinet (FTNT) Technical Analysis
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Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.53
Williams' Percentage Range (W%R) 52.10
Lane's Stochastic (%D-Slow) 69.77
Greed/Fear Indicator (GFI) 61.72
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.16
Williams' Percentage Range (W%R) 17.20
Overbought
Lane's Stochastic (%D-Slow) 67.40
Greed/Fear Indicator (GFI) 69.60
Moving Average Converg./Diverg. (MACD) 1.70
Trading Signals
Description Value Chart
Yearly Trendline Resistance 78.18
Quarterly Trendline Resistance 73.13
Upper Bollinger Band 72.04
Daily Stochastic Crossing 71.57
Price 70.91
Yearly Trendline Support 70.26
Weekly Stochastic Crossing 69.01
20 Day Moving Average 68.91
50 Day Moving Average 68.63
Quarterly Trendline Support 67.44
Parabolic System 66.71
Lower Bollinger Band 65.87
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Systems Software 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.19
Low Date 03/27/2024
High 73.63
High Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.19
Low Date 03/27/2024
High 73.63
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.19
Low Date 03/27/2024
High 73.63
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 73.13
Support 67.44
High 73.91
High Date 02/07/2024
Low 61.00
Low Date 02/21/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 78.18
Support 70.26
Low 44.15
Low Date 11/03/2023
High 73.91
High Date 02/07/2024
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.
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