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(Fortis) Fortis complete technical analysis [charts+indicators] | Buy/Sell Fortis | (Fortis) share price targets

Complete technical analysis of Fortis (Fortis) by charts plus indicators, forecast predictions and share price targets for Fortis (Fortis)

10 day averaged volume of Fortis is 70314

Date Daily Closing Price Open High Low Volume
08 Wed May 2024 462.55 449.05 467.00 447.85 0.614 times
07 Tue May 2024 453.90 464.65 464.65 448.00 0.685 times
06 Mon May 2024 461.30 456.95 470.05 454.65 0.946 times
03 Fri May 2024 451.70 443.50 456.00 440.30 1.012 times
02 Thu May 2024 440.60 441.35 443.00 434.90 0.143 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 462.5, for a target of 451.7 or 442.69

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 375.10
Downside Target 399.00
Downside Target 409.25
Downside Target 420.00
Downside Target 445.80
Downside Target 450.00
Downside Target 456.00
Downside Target 457.30
Upside Target 469.50
Upside Target 470.05

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 450.25
Downside Intraday Target 437.95
Upside Intraday Target 472.45
Upside Intraday Target 482.35
Downside Intraday Target 460.15

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
08 Wed May 2024 462.55 456.95 470.05 447.85 0.361 times
03 Fri May 2024 451.70 447.25 456.00 434.90 1.959 times
26 Fri Apr 2024 443.75 435.80 457.30 431.05 1.647 times
19 Fri Apr 2024 430.65 427.00 450.00 423.60 0.024 times
12 Fri Apr 2024 430.40 445.80 445.80 427.00 48.436 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Fortis (Fortis)

Date Monthly Closing Price Open High Low Volume
08 Wed May 2024 462.55 441.35 470.05 434.90 0.037 times
30 Tue Apr 2024 438.20 420.00 457.30 420.00 4.694 times
28 Thu Mar 2024 419.90 399.45 421.75 375.10 1.89 times
29 Thu Feb 2024 406.95 432.25 469.50 399.00 0.086 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Fortis (Fortis)

Indicator Name Indicator Value Indicator Signal
ADX 28, 13, 37 Buy
MACD 16, 14Buy
Stochastics 70Buy
CCI 107Buy
RSI 54Buy
OBV 1746743Sell
VWAP 448Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Fortis ( (Fortis) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fortis ( (Fortis) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fortis ( (Fortis) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fortis ( (Fortis) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Fortis stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Fortis in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Fortis Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Fortis in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Fortis is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 447.72 and Fortis (Fortis) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Fortis (Fortis) stock. Volume based technical analysis of Fortis (Fortis) stock is negative.

Fortis Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Fortis charts

Click here for further forecast and predictions for tomorrow

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