Fortinet(FTNT)
Auto-detected technical analysis for FTNT · data as of Jul 22, 2026. The chart above is live; the read below updates daily.
FTNT is currently forming a rising wedge on the daily timeframe. Detected Jul 22, 2026.
A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $143.78 (−13.9%). Across 10,660 backtested rising wedges, the setup followed through 50.4% of the time, averaging +0.20R; FTNT's own rising wedges have hit 41.7%.
New to this pattern? What a rising wedge is and how to trade it →
FTNT's most recent completed bullish pennant resolved as a win: it broke higher on Jun 25, 2026 near $149.83, then reached its target at $160.78 on Jul 16, 2026 — a 7.3% move (+1.09R) over 14 sessions. Across 69 backtested bullish pennants, this setup wins 44.9% of the time.
Historical pattern statistics (1987-01-30 – 2026-07-13), not a prediction.
Every completed pattern trade our nightly backtest found on FTNT's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Bullish Pennant | Jun 25, 2026 @ $149.83 | Jul 16, 2026 @ $160.78 | Win | +12.8% · +1.09R |
| Bullish Pennant | Apr 8, 2026 @ $85.46 | Jun 9, 2026 @ $138.39 | Win | +19.2% · +5.61R |
| Rising Wedge | Feb 23, 2026 @ $78.42 | May 4, 2026 @ $89.24 | Loss | +13.4% · -1.06R |
| Rising Wedge | Oct 14, 2025 @ $82.50 | Nov 3, 2025 @ $87.52 | Loss | +12.0% · -1.06R |
| Rising Wedge | Oct 7, 2025 @ $85.46 | Nov 3, 2025 @ $87.52 | Loss | +9.9% · -1.16R |
| Triangle | Aug 1, 2025 @ $99.38 | Aug 7, 2025 @ $90.64 | Win | +9.5% · +1.15R |
| Bullish Pennant | Jun 24, 2025 @ $104.32 | Aug 1, 2025 @ $97.36 | Loss | +17.2% · -1.22R |
| Triangle | Jun 9, 2025 @ $103.03 | Jun 30, 2025 @ $105.72 | Loss | +11.1% · -1.24R |
| Bullish Pennant | Apr 10, 2025 @ $97.51 | Aug 7, 2025 @ $75.30 | Loss | +22.9% · -1.40R |
| Triangle | Jan 13, 2025 @ $93.97 | Feb 4, 2025 @ $102.78 | Loss | +11.0% · -1.25R |
| Falling Wedge | Aug 2, 2024 @ $56.36 | Aug 7, 2024 @ $69.93 | Loss | +7.1% · -2.65R |
| Falling Wedge | Jul 23, 2024 @ $57.75 | Aug 5, 2024 @ $54.83 | Win | +5.6% · +0.78R |
A chance to go short showed up on the weekly chart about a week ago: price ran up to $159.52 — a level traders often watch as a target (200% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Jul 22, 2026 | $158.57 | $159.00 | $154.51 | $155.05 |
| Jul 21, 2026 | $163.38 | $163.50 | $156.02 | $158.10 |
| Jul 20, 2026 | $160.64 | $164.57 | $160.00 | $160.36 |
| Jul 17, 2026 | $160.50 | $163.83 | $158.93 | $161.61 |
| Jul 16, 2026 | $164.07 | $165.00 | $159.08 | $160.78 |
| Jul 15, 2026 | $169.39 | $170.35 | $163.03 | $164.51 |
| Jul 14, 2026 | $158.78 | $167.27 | $158.06 | $166.83 |
| Jul 13, 2026 | $157.67 | $161.95 | $155.72 | $160.62 |
| Jul 10, 2026 | $164.44 | $165.28 | $156.62 | $157.51 |
| Jul 9, 2026 | $153.27 | $164.01 | $152.25 | $163.73 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.