The Greedy Trader Weekly Analysis
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- 1/9/2026 -
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Fortinet (FTNT) Technical Analysis

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Summary:
Weekly :Oversold industryPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is oversoldThe price has risen above the Parabolic SAR
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It was a first positive week for the Fortinet (FTNT). During the week, the FTNT gained 1.34 points, or 1.72%, and closed at 79.22 on Friday, January 9, 2026. Weekly volume was 12% above average.

FTNT is a member of Systems Software Industry. Systems Software is the tenth most oversold industry. 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 downtrend had started on February 18, 2025 at 114.80 and reached 70.12 on August 7, 2025. FTNT lost 44.68 points, or 38.92%, in 24 weeks. The price is now at the 20.37% 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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 28, 2025. The distance between MACD and the signal line is low and getting smaller. 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 December 8, 2025 at 87.11 and reached 77.18 on January 2, 2026. FTNT lost 9.93 points, or 11.40%, in 25 days. The price is now at the 20.54% retracement 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.

The daily MACD line is below its signal line since December 16, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.95
Williams' Percentage Range (W%R) 83.90
Oversold
Lane's Stochastic (%D-Slow) 33.68
Greed/Fear Indicator (GFI) 32.56
Moving Average Converg./Diverg. (MACD) -0.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.83
Williams' Percentage Range (W%R) 75.10
Lane's Stochastic (%D-Slow) 46.52
Greed/Fear Indicator (GFI) 39.46
Moving Average Converg./Diverg. (MACD) -3.28
Trading Signals
Description Value Chart
Upper Bollinger Band 83.05
50 Day Moving Average 81.64
Weekly Stochastic Crossing 81.17
20 Day Moving Average 80.26
Price 79.22
Daily Stochastic Crossing 78.58
Parabolic System 77.25
Lower Bollinger Band 77.22
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Systems Software 10
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 87.11
High Date 12/08/2025
Low 77.18
Low Date 01/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 87.66
High Date 11/03/2025
Low 75.31
Low Date 11/06/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 109.33
High Date 05/05/2025
Low 70.12
Low Date 08/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.80
High Date 02/18/2025
Low 70.12
Low Date 08/07/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.15
Low Date 11/03/2023
High 114.80
High Date 02/18/2025
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.