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Uptrend ExhaustionArchive
- 5/29/2026 -
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Fortinet (FTNT) Technical Analysis
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| Summary:
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| | It was a seventh consecutive positive week for the Fortinet (FTNT). During the week, the FTNT gained 4.04 points, or 3.02%, and closed at 137.97 on Friday, May 29, 2026. Weekly volume was 10% above average.
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 August 7, 2025 at 70.12 and reached 138.11 on May 29, 2026. FTNT gained -67.99 points, or -96.96%, in 42 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (75.21) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 138.11 on May 29, 2026. FTNT gained -64.56 points, or -87.78%, in 18 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (77.34) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See FTNT weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 February 24, 2026 at 74.31 and reached 138.11 on May 29, 2026. FTNT gained -63.80 points, or -85.86%, in 94 days. The chart has formed a Falling Wedge chart pattern. The uptrend resistance line (62.85) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.
 Daily Technical Indicators: [See FTNT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since April 16, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
The distance between the Bollinger Bands is 211.97% higher then one year average. It indicates the period of high 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.
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