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Archive
- 3/27/2026 -
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Fortinet (FTNT) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the Fortinet (FTNT). During the week, the FTNT dropped -3.20 points, or -3.93%, and closed at 78.20 on Friday, March 27, 2026. FTNT was trading at average weekly trading volume.
 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 trend support level is at 48.06 and resistance is at 86.11. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 trend support level is at 75.04 and resistance is at 85.63. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 March 17, 2026 at 86.42 and reached 76.42 on March 27, 2026. FTNT lost 10.00 points, or 11.57%, in 10 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 19, 2026. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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