US stocks · open buy signal, active management
Fortinet slips 5.7% off overbought highs, and the trend holds with ADX climbing
US stocks · open buy signal, active management
Our view last week
Fortinet stays the strongest buy signal in the US book, but the week leaves a warning behind: the weekly RSI climbs to 84.9, deep overbought, and the MACD is starting to roll over. In this week's technical analysis the trade adds another 2.6% and rises to +87.29% since entry, first among the 112 US buy signals still open. The stock is hugging its all-time highs, with little room left before the next historical resistance.
This week's summary
Fortinet stock technical analysis: after weeks of a stretched rally, last week already flashed a warning — RSI above 84 and a rolling-over MACD — and this week the bill comes due. The stock slips 5.7%, with sellers taking control of volume at 89%. The weekly RSI still eases to 74, high but less extreme, while ADX climbs to 44.2: the trend is gaining conviction despite the pullback. The trade remains the most profitable in the US long book, up 76.58% from entry.
IQS Phase
51
ordinary
Signal Strength
87
high · wide move
Sizing
FULL
Ranking
#1 / 124
US stocks in progress
Trade P&L %
+76.58%
from signal to today
Rank position
ranks 1st among the 124 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
FTNT belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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