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Fortinet, Inc.

Stage 2 · Advancing · week 24

As of Oct 22, 2026, Fortinet is in Stage 2, the uptrend phase, now in week 24 (since May 7, 2026). It closed at $172.98, 11.2% below its 52-week high and above its 200-day average, which is rising.

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. More about the company

$172.98
-0.33% today
$127B · Large cap
Market Neutral — Fading

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

—

Momentum

Steady

Edge

—

Setup-score rank among Stage 2 peers: #1 of 59 in Software - Infrastructure · #1 of 242 in Information Technology

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Stage Cycle Timeline2023-08-16 → 2026-10-22
S4 14w
S2 34w
S4 14w
S2 24w
2023-08-162026-10-22
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 1w → S3 7w → S4 14w → S1 6w → S2 9w → S3 8w → S4 7w → S1 1w → S2 34w → S3 7w → S2 9w → S3 2w → S4 11w → S1 6w → S4 14w → S1 6w → S2 24w current
Total tracked: 165 weeks across 17 stage runs.

FTNT among Software - Infrastructure8th of 179 by relative strength

All 179 →
Stocks in Software - Infrastructure ranked by relative strength, with stage and one-month change
#StockStageRS1M
1PAYSStage 2 · wk 2397+20.0%
2BANDStage 3 · wk 1197−31.5%
3USIOStage 2 · wk 1996+39.2%
4OKTAStage 2 · wk 1996−2.0%
5TWLOStage 2 · wk 2696−12.8%
6DOCNStage 2 · wk 396−34.8%
7GCTStage 2 · wk 996+12.6%
8FTNTStage 2 · wk 2495−3.2%
vs 52W High
-11.2%
$75.23 lo$194.75 hi
11.2% below 52W high, pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 24
1w13w26w
Week 24, proven structure
How long this stock has been in Stage 2. The sweet spot is mid-run: long enough to prove the structure holds, not so long that it's extended. Very fresh moves (weeks 1–4) often need more time to confirm.
vs 200 DMA
37.6%
200 DMA: $125.75 · rising
Long-term trend anchor. When the stock and the S&P 500 are both above their 200-day averages, the backdrop supports continuation.
Rel Volume
0.98x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↗
Short-term trend rising gently
Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.
1M
-3.2%
3M
+13.5%
6M
+109.0%
YTD
+122.1%
1Y
+104.0%
Scan Membership
Breakout Watch
Latest: 2024-08-22
10 appearances in last 60 days. First seen: 2018-10-16.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-22S2
Wk 24 · Vol 0.98x
2026-10-21S2
Wk 24 · Vol 0.60x
2026-10-20S2
Wk 23 · Vol 0.86x
2026-10-19S2
Wk 23 · Vol 1.40x
2026-10-16S2
Wk 23 · Vol 1.41x
2026-10-15S2
Wk 23 · Vol 0.91x
2026-10-14S2
Wk 23 · Vol 0.95x
2026-10-13S2
Wk 22 · Vol 0.66x
2026-10-12S2
Wk 22 · Vol 0.57x
2026-10-09S2
Wk 22 · Vol 0.46x
2026-10-08S2
Wk 22 · Vol 0.96x
2026-10-07S2
Wk 22 · Vol 0.83x
Moving averages & range
50 DMA
$170.24
200 DMA
$125.75
52W High
$194.75
52W Low
$75.23
5D Low
$169.13
Resistance levels (recent highs)
20d High
$194.75
60d High
$194.75
120d High
$194.75
250d High
$194.75
Next resistance
+12.6%
to 20d High
P/E (TTM)
61.4
Forward 45.8
Earnings Growth (YoY)
+43.9%
Revenue +25.6%
ROE
+117.4%
Profit margin +28.2%
Dividend Yield
0.00%
P/B 82.1

Fortinet: quick answers

What stage is Fortinet in?

As of Oct 22, 2026, Fortinet (FTNT) is in Stage 2, the uptrend phase. It entered Stage 2 on May 7, 2026 and is in week 24. What the four stages mean

Is Fortinet in an uptrend?

Yes. Fortinet is in a Stage 2 uptrend. It trades 37.6% above its 200-day average, which is rising.

How far is Fortinet from its 52-week high?

Fortinet closed at $172.98 on Oct 22, 2026, 11.2% below its 52-week high of $194.75. Its 52-week low is $75.23.

How has Fortinet performed over the past year?

As of Oct 22, 2026, Fortinet is up 104.0% over the past year and up 122.1% so far in 2026.

Which sector and industry is Fortinet in?

Fortinet is in the Software - Infrastructure industry, part of the Information Technology sector.

About this companyInformation Technology· Software - Infrastructure

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.