The Greedy Trader Weekly Analysis
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Weekly RSI:> 80
Number of records: 10
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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 4/5/2024 -
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Fortinet (FTNT) Technical Analysis
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Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.53
Williams' Percentage Range (W%R) 52.10
Lane's Stochastic (%D-Slow) 69.77
Greed/Fear Indicator (GFI) 61.72
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.16
Williams' Percentage Range (W%R) 17.20
Overbought
Lane's Stochastic (%D-Slow) 67.40
Greed/Fear Indicator (GFI) 69.60
Moving Average Converg./Diverg. (MACD) 1.70
Trading Signals
Description Value Chart
Yearly Trendline Resistance 78.18
Quarterly Trendline Resistance 73.13
Upper Bollinger Band 72.04
Daily Stochastic Crossing 71.57
Price 70.91
Yearly Trendline Support 70.26
Weekly Stochastic Crossing 69.01
20 Day Moving Average 68.91
50 Day Moving Average 68.63
Quarterly Trendline Support 67.44
Parabolic System 66.71
Lower Bollinger Band 65.87
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Systems Software 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.19
Low Date 03/27/2024
High 73.63
High Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.19
Low Date 03/27/2024
High 73.63
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.19
Low Date 03/27/2024
High 73.63
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Valid
Resistance 73.13
Support 67.44
High 73.91
High Date 02/07/2024
Low 61.00
Low Date 02/21/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 78.18
Support 70.26
Low 44.15
Low Date 11/03/2023
High 73.91
High Date 02/07/2024
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.
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