The Greedy Trader Weekly Analysis
Sign In Jun 27, 2025
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 6/20/2025 -
Sign In to see current Signals.

Fortinet (FTNT) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support line
Daily :The price has risen above the Parabolic SARThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Fortinet (FTNT). During the week, the FTNT gave back -0.98 points, or -0.97%, and closed at 99.85 on Friday, June 20, 2025. FTNT was trading at average weekly trading volume.

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 66.77 and resistance is at 128.32. 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 uptrend had started on April 7, 2025 at 81.70 and reached 109.33 on May 5, 2025. FTNT gained -27.63 points, or -33.82%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (106.50) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

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. 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 June 6, 2025 at 105.20 and reached 98.86 on June 20, 2025. FTNT lost 6.34 points, or 6.03%, in 14 days. The price is now at the 15.62% 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 May 20, 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.

The distance between the Bollinger Bands is falling, and it was 5.25% on Friday. It is 62.92% lower than one year average. It indicates the period of low volatility of the stock price. 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) 43.83
Williams' Percentage Range (W%R) 65.80
Lane's Stochastic (%D-Slow) 27.59
Greed/Fear Indicator (GFI) 35.20
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.88
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 72.51
Greed/Fear Indicator (GFI) 60.27
Moving Average Converg./Diverg. (MACD) 4.18
Trading Signals
Description Value Chart
Monthly Trendline Support 106.50
Parabolic System 106.17
Upper Bollinger Band 104.68
Weekly Stochastic Crossing 104.59
Monthly Trendline Resistance 103.30
20 Day Moving Average 102.45
50 Day Moving Average 101.72
Daily Stochastic Crossing 100.61
Price 99.85
Lower Bollinger Band 99.45
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Systems Software 82
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 105.20
High Date 06/06/2025
Low 98.86
Low Date 06/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 109.33
High Date 05/05/2025
Low 93.25
Low Date 05/08/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 103.30
Support 106.50
Low 81.70
Low Date 04/07/2025
High 109.33
High Date 05/05/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.80
High Date 02/18/2025
Low 81.70
Low Date 04/07/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 128.32
Support 66.77
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.