Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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FTNT · Fortinet, Inc.

$183.33 +1.86% Oct 26 close
Detected setup Trend Only · Setup Score 86/100

Stand aside — setup invalidated

Setup score 86, but distribution days reach 5 or more — stand aside until the condition resets.

1 independent risk warning also present. Review before relying on the bullish setup.

Ask about FTNT

Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.

$FTNT

Fortinet, Inc.

Fortinet, Inc. is a large-cap Information Technology Services company in the Technology Services sector with a market cap of $135B.

Technology Services Information Technology Services stock Stage 2 · Advancing Base 1
$183.33 latest close
Market Structure
Trend structure: range
Latest event: structure_shift (bearish)
Support 87.11–87.65 · 4 touches · moderate
Support 77.17–77.27 · 3 touches · moderate
Support 81.62–81.83 · 3 touches · moderate
Support 169.26–170.35 · 3 touches · moderate
Support 165.75–166.22 · 3 touches · moderate
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Verdict · setup score 86/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 86, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$160$180$200AugSepOct$183

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 2. Quarterly EPS growth ≥ 25% — +1.2% QoQ
  • Minervini 2. Revenue growth ≥ 20% YoY — +14.2% YoY
  • O'Neil C: Quarterly EPS acceleration ≥ 25% — +1.2% QoQ
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • Weinstein Volume expansion above average — Volume ratio 0.80x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
  • Minervini: watch Trend-template read: 8/10 pass; wait for the soft misses to improve.
  • O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
69 Strong
Legend Score · rates the stock Strong (69/100) — held back by eps growth

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 98
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 42
  • EPS Growth (15%) 30
  • Quality (SMR-like) (15%) 46

RS rank 97: top 3% of all stocks — true leadership. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 42: neutral — no clear institutional conviction. EPS up +0% — growing, but below the 25% leadership bar. Quality 46: weak fundamentals (sales growth 30, return on equity 46, leverage 100). Updated 2026-10-27.

Earnings

Pre-earnings setup

Next earnings Wednesday, October 28, 2026 After market close Exact clock time not supplied by source

Deterministic evidence

FTNT+1.86%
Sector proxy · XLK+1.69%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. FTNT was +0.17 points vs XLK. +1.15 points vs SPY.
CatalystPending Stock reactionPositive Sector reactionSupportive Opening surgePending Event riskEarnings-driven

Session internals Strong momentum

Rule: closed up, at or above the open, in the top third of the day's range. Judged on internals, not on the size of the move.

Vs prior close+1.86% From the open+1.15% Range position78% GapNo gap
QQQ confirmationConfirming (+1.11%) SMH confirmationConfirming (+2.74%)
Short-term conviction -1 points.
  • A sourced earnings report is still pending inside the risk window; ordinary technical conviction is reduced until it is out.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $183.33 +1.9% Oct 26 close
52W High $197.13 7.0% below high
Wks Since High 2w 1w today
Base Depth 13.2% 15.7% today
RS Rank 95 percentile of scan
SMA 50 $171.01
Avg Vol 4,037,840
Rel Vol (Oct 26) 0.80× 1.12× on up days
More stats
52W Low $73.55
Tight Wks 0
Base B1
SMA 200 $126.78
RS Line vs High -4.2%
RS Line Slope +4.0% ▲
Group Rank #18/66
ADR% 3.4%
ATR(14) $6.87 (3.8%)
Vol Pace (live) N/A
A/D Days 17A / 13D
A/D Rating A
VDU Bars 0/10 d
Power Trend 2d
Earnings tomorrow
Position in 52-week range 89thpercentile of the 52-week range
$73.55low
$197.13high

FTNT Chart

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Technical Analysis Report Card

$FTNT · $183.33 · as of 2026-10-26 · multi-factor read
87
/ 100
Technicals 87/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Uptrend
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$171.01 ↑
100-day$162.96 ↑
200-day$126.78 ↑
Bullish (50 > 200)

RSI (14)

Reading56.3 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateWeakening
Histogram-1.260

Weakening — MACD slipped below its signal line. Histogram expanding.

Bollinger Bands (20,2)

%B / Width55% · 17.2%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol1.12 · Neutral
Rel volume0.8×
Pocket pivots · 10d0
5d vs 50d vol83%
Heavy vol up / down0 / 0

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Support & Resistance

R · $197.1352-week high
Price · $183.33now
S · $152.25swing level
S · $148.25swing level
S · $143.77swing level

Fibonacci · Uptrend swing

23.6%$171.21
38.2%$155.17
50.0%$142.21
61.8%$129.25
78.6%$110.80

Retracement support zones measured from the recent swing low up to the high.

The verdict is free. The trade plan is Pro.
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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRS 97 (leader)
Want this read in a legend's voice? Ask a Legend about FTNT
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (86/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 7 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Watch B Trend-template read: 8/10 pass; wait for the soft misses to improve.

partialMonitor Trend Only for tighter volatility contraction before entry. SEPA Grade B (5/7).

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $183.33, MA150 $141.99, MA200 $126.78
1.2 150-day MA > 200-day MAMA150 $141.99 vs MA200 $126.78
Failing evidence
2. Quarterly EPS growth ≥ 25%+1.2% QoQ
2. Revenue growth ≥ 20% YoY+14.2% YoY
8/10 checks
Method → Playbook → Ask →
O'Neil Avoid D CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 97
A: Annual earnings & revenue qualityRev +14.2% | ROE 155.7%
Failing evidence
C: Quarterly EPS acceleration ≥ 25%+1.2% QoQ
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
4/8 checks
Method → Playbook → Ask →
Weinstein Watch C Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $183.33 vs MA200 $126.78
Failing evidence
Volume expansion above averageVolume ratio 0.80x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
dennis Watch C Turtle read: no Donchian signal. The system stays flat until price takes out the 20-day high.
Passing evidence
No breakdown below the 20-day channel20-day low $166.22
Volatility-unit sizing (1N ≈ 1% of equity)1N = $6.77 (3.69% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
5/7 checks
Method → Playbook → Ask →
zanger Avoid D Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $210.83-$220.00; trail the rest
Trail on the 10/20-day MA10-day MA $177.86 · 20-day MA $181.72 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlyTrend Only is not one of Zanger's six
Not extended (≤5% above the breakout point)Data unavailable
3/6 checks
Method → Playbook → Ask →
zweig Watch D Zweig read: part of his screen passes but not all: EPS growth above the market (≥15% QoQ); Reasonable price for the growth (P/E ≤ 35); Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Price strength (RS ≥ 70)RS score 97 — Zweig buys strength, not bargains
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (1995 adv / 1699 dec) — participation expanding
Failing evidence
EPS growth above the market (≥15% QoQ)+1.2% QoQ — Zweig wants growth above the S&P average
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 75.8x — no PEG or forward P/E stored
3/8 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$183.33
Relative strengthRS 97
Failing evidence
Volume vs average0.80x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but volume vs average is unresolved.

mediumBuilding the top of the box (7.0% from 52W high) — watch for a box breakout with volume expansion.

Passing evidence
Price$183.33
Relative strengthRS 97
Failing evidence
Volume vs average0.80x
Box top broken on heavy volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$183.33
Relative strengthRS 97
Failing evidence
Volume vs average0.80x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
4/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH ▲ Rising
192RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +7 A
A: 18 D: 11 Net: +765 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 5/7 met
B 5/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✗ EPS acceleration ≥25% QoQ +1%
✗ Revenue growth ≥20% YoY +14%
✓ Gross margin ≥30% 80%
✓ ROE ≥17% 156%
✓ RS rating ≥80 (leadership) 97
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -7.0%

Method Playbook

Trade it like Wyckoff EXACT LEVELS · PRO
Wyckoff B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the Spring/test, Sign of Strength, creek, or Last Point of Support boundary identified by the active structure.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a completed test or Sign of Strength/Last Point of Support confirmation with improving demand versus supply.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start below the Spring/test low or structural support whose failure would invalidate the accumulation read.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive Last Points of Support or meaningful higher lows during markup; never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit on a failed Sign of Strength, support loss, or clear supply-dominant reversal such as an upthrust failure.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Head & Shoulders bearish forming
75% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~165.63 (neckline) to confirm, with measured-move risk toward ~134.13. A push back above 184.76 weakens the pattern; reclaiming 197.13 invalidates it.

Confirms below 165.63
Invalidates at 197.13
Left Shoulder 181.37
Head 197.13
Right Shoulder 184.76
Neckline 165.63
Target 134.13

LS 181.37 / head 197.13 / RS 184.76, neckline ~165.63, vol_fading=no

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

Trend Only
86 setup score
RS Score 97
Trend template 8/8 ✓
Why This Setup?
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

2/7 universals met
  • Clear of earnings — not met in 1 days — event risk
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.8× average — light
  • A relative-strength leader — met RS rank 95
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
Why these seven? → The Universal Edge

Minervini Trend Template

8/8 ✓

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $183.33 vs SMA150 $141.99 / SMA200 $126.78
SMA 150 above SMA 200 SMA150 $141.99 vs SMA200 $126.78
SMA 200 trending up Slope +10.13 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $171.01
Price above SMA 50 $183.33 vs SMA50 $171.01
30%+ above 52-week low +149.3% from $73.55
Within 25% of 52-week high -7.0% from $197.13
RS score above 70 RS 97

Fundamentals

52W Range
89%
Mkt Cap SEC
134.5B
EPS QoQ
+1%
Rev YoY
+14%
ROE
156%
Gross Margin
80%
D/E
0.81
EPS TTM
$2.42
P/E TTM
75.8x
Float
734M
Insider
No Buy

Company

Company profile
Fortinet, Inc.
FTNT · NASDAQ · Technology Services · Information Technology Services
Track all markets on TradingView

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
8/8
W. RS
100
W. Support
$82.43
W. Resist
$197.13
Weekly Structure

Scan History

20× streak
Oct 23: 86 (Trend Only)Oct 26: 85 (Trend Only)Oct 26: 87 (Trend Only)Oct 27: 86 (Trend Only)86
Oct 27
Trend Only ✓ Gate
86
Oct 26
Trend Only ✓ Gate
87 0.0%
Oct 26
Trend Only ✓ Gate
85 0.0%
Oct 23
Trend Only ✓ Gate
86 +1.9%

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