The Greedy Trader Weekly Analysis
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- 8/14/2026 -
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Fortinet (FTNT) Technical Analysis

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineTrend resistance at 156.15
Daily :The price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the Fortinet (FTNT). During the week, the FTNT climbed 0.37 points, or 0.23%, and closed at 160.01 on Friday, August 14, 2026. Weekly volume was -34% 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 172.09 on August 5, 2026. FTNT gained -127.94 points, or -289.78%, in 143 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (156.15). 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 August 7, 2025 at 70.12 and reached 172.09 on August 5, 2026. FTNT gained -101.97 points, or -145.42%, in 51 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (77.32) 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 medium-term trend.

Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 23, 2026. This is an indication that the medium-term trend is up. 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 August 5, 2026 at 172.09 and reached 158.27 on August 6, 2026. FTNT lost 13.82 points, or 8.03%, in 1 days. The price is now at the 12.59% retracement 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 August 13, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.06
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 44.88
Greed/Fear Indicator (GFI) 60.19
Moving Average Converg./Diverg. (MACD) 2.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.82
Overbought
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 75.06
Greed/Fear Indicator (GFI) 75.61
Moving Average Converg./Diverg. (MACD) 17.06
Trading Signals
Description Value Chart
Upper Bollinger Band 169.93
Daily Stochastic Crossing 163.53
Weekly Stochastic Crossing 162.83
Price 160.01
20 Day Moving Average 158.85
Parabolic System 156.25
Yearly Trendline Resistance 156.15
50 Day Moving Average 154.92
Lower Bollinger Band 149.52
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Systems Software 90
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 172.09
High Date 08/05/2026
Low 158.27
Low Date 08/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 143.77
Low Date 07/29/2026
High 172.09
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.55
Low Date 01/20/2026
High 172.09
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 90.01
Support 77.32
Low 70.12
Low Date 08/07/2025
High 172.09
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 156.15
Support 85.12
Low 44.15
Low Date 11/03/2023
High 172.09
High Date 08/05/2026
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.