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Downtrend Broken Resist.Archive
- 2/27/2026 -
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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 -0.97 points, or -1.21%, and closed at 79.03 on Friday, February 27, 2026. Weekly volume was 27% above average.
FTNT is a member of Information Technology Sector. Information Technology is the second 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 downtrend had started on May 5, 2025 at 109.33 and reached 70.12 on August 7, 2025. FTNT lost 39.21 points, or 35.86%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (74.37) is broken. A broken support is considered to be a long-term bullish 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 resistance line 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 Rising Channel chart pattern. The uptrend support line (81.07) 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 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 February 12, 2026 at 88.60 and reached 74.31 on February 24, 2026. FTNT lost 14.29 points, or 16.13%, in 12 days. The price is now at the 33.03% 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 February 17, 2026. This is an indication that the short-term trend is down.
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