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

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

Showing technical analysis as on 2024-02-16 View latest technical analysis

10 day averaged volume of Fortis Mlr is 47286

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	54.56	53.11	56.00	53.11	1.705 times
15 Thu Feb 2024	53.52	55.40	55.40	53.21	0.303 times
14 Wed Feb 2024	53.58	53.00	54.90	52.64	1.103 times
13 Tue Feb 2024	53.32	56.79	56.79	52.64	0.712 times
12 Mon Feb 2024	56.00	57.40	57.40	55.70	0.335 times
09 Fri Feb 2024	56.98	56.00	57.50	55.50	0.708 times
08 Thu Feb 2024	56.33	56.00	57.75	56.00	0.416 times
07 Wed Feb 2024	56.55	57.80	58.69	55.55	0.794 times
06 Tue Feb 2024	57.82	60.01	60.01	57.20	2.713 times
05 Mon Feb 2024	59.45	58.00	59.80	56.60	0.935 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 55.1, but if it comes above 55.1, then a intra day buy could be more profitable.
If you take a sell trade below 55.1, then use 55.1 as stoploss and 52.8 as target. However if you take a buy trade in stock , then use 55.1 as stoploss and 57.1 as target.

Share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Target	52.64
Downside Target	54.35
Upside Target	55.50
Upside Target	59.60
Upside Target	60.01
Upside Target	64.36
Upside Target	64.99
Upside Target	65.99
Upside Target	86.40
Upside Target	91.33

Intraday share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Intraday Target	52.33
Downside Intraday Target	50.11
Upside Intraday Target	57.09
Upside Intraday Target	59.63
Upside Intraday Target	54.87

Weekly technical analysis of Fortis Mlr (FortisMlr)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	54.56	57.40	57.40	52.64	0.747 times
09 Fri Feb 2024	56.98	58.00	60.01	55.50	1.737 times
02 Fri Feb 2024	56.96	59.00	59.60	56.00	2.396 times
25 Thu Jan 2024	58.31	60.00	60.00	57.01	0.323 times
19 Fri Jan 2024	59.68	60.48	64.99	58.37	1.719 times

Price has moved down 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 Mlr (FortisMlr)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	54.56	58.00	60.01	52.64	0.953 times
31 Wed Jan 2024	57.86	58.00	64.99	57.01	1.127 times
29 Fri Dec 2023	58.85	61.60	65.99	57.10	0.602 times
30 Thu Nov 2023	64.44	80.00	86.40	64.36	0.873 times

Scroll below to view daily charts

Price has moved down 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 Mlr (FortisMlr)

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Fortis Mlr stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Fortis Mlr in short term and the sell signal is strong.

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

Fortis Mlr Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Fortis Mlr in short term but BUY signal is weak.

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 Mlr is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 56.17 and Fortis Mlr (FortisMlr) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Fortis Mlr Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

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