Fortinet, Inc. (FTNT)
Technical Analysis Snapshot
As of September 28, 2025
Current Price
$84.32
Overall Trend
Sideways to Mildly Bullish
Consolidating after a ~50% recovery from mid-2025 lows.
Identified Patterns
Symmetrical Triangle Active
Forming Aug-Oct 2025. A neutral pattern suggesting a big move is coming. Statistically has a ~55% bullish resolution chance in uptrends.
Inverse Head & Shoulders Resolved
Completed in Jul 2025, confirming the bottom and projecting a target to ~$85 which has been met.
Key Support & Resistance Levels
Resistance (Price Ceiling)
Support (Price Floor)
Indicator Signals
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Bullish
Price is above key moving averages (EMA20, SMA20).
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Bullish
Golden Cross (50-day over 200-day) remains intact.
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Positive
Volume declining in triangle pattern, typical for continuation.
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Neutral
RSI is likely neutral (~55-60), not overbought.
Breakout vs. Breakdown Potential
Breakout (60% Chance)
Target: $95 - $100
Confirm: Close above $88 on high volume.
Breakdown (40% Chance)
Target: $75
Confirm: Close below $82 on high volume.
Simple Strategy Ideas
- Long Entry: Dip to $82-$83 or breakout > $88.
- Stop-Loss: Below $80 to manage risk.
- Targets: Initial profit at $90, scale out at $95.
Key Risks to Watch
- Earnings Volatility: Report in late October.
- Market Correlation: Vulnerable to broader tech selloffs.
- Pattern Failure: Low volume could lead to false moves (whipsaw).
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