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Systems Software Industry Stocks Technical Analysis - FTNTArchive
- 4/17/2025 -
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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 -1.60 points, or -1.64%, and closed at 96.13 on Thursday, April 17, 2025. Weekly volume was -16% below average.
FTNT is a member of Information Technology Sector. Information Technology is the most oversold 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 64.38 and resistance is at 121.48. 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 August 5, 2024 at 54.57 and reached 114.80 on February 18, 2025. FTNT gained -60.23 points, or -110.37%, in 28 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (113.03) 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. The distance between MACD and the signal line is near its high, but getting smaller. 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 7, 2025 at 81.70 and reached 100.50 on April 9, 2025. FTNT gained -18.80 points, or -23.01%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 9, 2025. This is an indication that the short-term trend is up.
During the last week, the price has declined below 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
1 |
| Industry |
Systems Software |
54 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
100.50 |
| High Date |
04/09/2025 |
| Low |
93.58 |
| Low Date |
04/10/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
81.70 |
| Low Date |
04/07/2025 |
| High |
100.50 |
| High Date |
04/09/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Test Resistance |
| Resistance |
94.67 |
| Support |
76.26 |
| High |
114.80 |
| High Date |
02/18/2025 |
| Low |
81.70 |
| Low Date |
04/07/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
127.92 |
| Support |
113.03 |
| Low |
54.57 |
| Low Date |
08/05/2024 |
| High |
114.80 |
| High Date |
02/18/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
121.48 |
| Support |
64.38 |
| Low |
44.15 |
| Low Date |
11/03/2023 |
| High |
114.80 |
| High Date |
02/18/2025 |
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