Fortinet (FTNT) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for FTNT · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$168.29last close · Aug 4, 202652-week range $70.12 – $170.35 · 1.21% below the high
Rising Wedge · playing out now

FTNT is breaking down from a rising wedge — a sign the recent run may be rolling over.

On this chart, setups like it have followed through about 60% of the time.

As long as price stays below $170.3, it's in play — a daily close back above there calls it off.

The move's natural target sits near $142.7.

FTNT Bullish Pennant Pattern

FTNT is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$165.95Projected move+12.8%Breakout level$148.93

New to this pattern? What a bullish pennant is and how to trade it →

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
FTNT win rate
41.7%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

FTNT Pattern Trade History

Every completed pattern trade our nightly backtest found on FTNT's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Bullish PennantJun 25, 2026 @ $149.83Jul 16, 2026 @ $160.78Win+1.09R
Bullish PennantApr 21, 2026 @ $84.59Jun 9, 2026 @ $138.39Win+6.27R
Rising WedgeFeb 23, 2026 @ $78.42May 4, 2026 @ $89.24Loss-1.06R
Rising WedgeOct 14, 2025 @ $82.50Nov 3, 2025 @ $87.52Loss-1.06R
Rising WedgeOct 7, 2025 @ $85.46Nov 3, 2025 @ $87.52Loss-1.16R
TriangleAug 1, 2025 @ $99.38Aug 7, 2025 @ $90.64Win+1.15R
Bullish PennantJun 24, 2025 @ $104.32Aug 1, 2025 @ $97.36Loss-1.22R
TriangleJun 9, 2025 @ $103.03Jun 30, 2025 @ $105.72Loss-1.24R
TriangleJan 13, 2025 @ $93.97Feb 4, 2025 @ $102.78Loss-1.25R
Falling WedgeAug 2, 2024 @ $56.36Aug 7, 2024 @ $69.93Loss-2.65R
Falling WedgeJul 23, 2024 @ $57.75Aug 5, 2024 @ $54.80Win+0.79R
Falling WedgeJul 2, 2024 @ $60.98Jul 24, 2024 @ $56.64Loss-1.09R

FTNT Support and Resistance Levels

Price found a floor near $91.94 about 3 months ago and has been climbing since. On the weekly chart, the next ceiling overhead sits near $187.14 — still about 11% away.

  • Traders commonly watch $187.14 as a target (its 261.8% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $91.94 floor about 3 months ago, when price bounced there, but price has already pulled higher. What's left is the climb playing out, not a fresh starting point.

Nearest auto-detected support sits near $79.81, resistance near $193.69. These are chart/swing-derived levels, not formula pivots.

Resistance
$193.69
Support
$79.81$74.48$73.65

FTNT Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$164.11$169.11$162.77$168.29
Aug 3, 2026$163.31$164.50$159.32$163.21
Jul 31, 2026$154.01$162.57$153.61$161.95
Jul 30, 2026$164.00$169.26$152.23$154.25
Jul 29, 2026$148.27$154.99$143.77$153.22
Jul 28, 2026$152.60$153.24$146.12$149.98
Jul 27, 2026$157.13$157.13$151.68$152.38
Jul 24, 2026$152.70$154.32$151.48$152.37
Jul 23, 2026$155.29$156.49$150.92$151.54
Jul 22, 2026$158.57$159.00$154.51$155.05

FTNT Frequently Asked Questions

What chart pattern is FTNT forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Fortinet (FTNT) on the daily chart, with a measured-move target of $165.95.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on FTNT is a bullish pattern, projecting a measured-move target of $165.95. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for FTNT?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), FTNT's nearest support is around $79.81 and nearest resistance around $193.69.
What is the price target if FTNT's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $165.95 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was FTNT's closing price on Aug 4, 2026?
Fortinet (FTNT) last closed at $168.29 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.