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Archive
- 4/24/2026 -
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Fortinet (FTNT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the Fortinet (FTNT). During the week, the FTNT gained 2.50 points, or 3.05%, and closed at 84.34 on Friday, April 24, 2026. Weekly volume was -18% below average.
 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 chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (84.15). 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 uptrend had started on January 20, 2026 at 73.55 and reached 88.60 on February 12, 2026. FTNT gained -15.05 points, or -20.46%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (83.74). 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 medium-term trend.
 Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 23, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 10, 2026 at 76.01 and reached 87.64 on April 22, 2026. FTNT gained -11.63 points, or -15.30%, in 12 days. The price is now at the 28.37% retracement level.
Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 16, 2026. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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