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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 2024-10-08 View latest technical analysis

10 day averaged volume of Fortis Mlr is 26844

Date	Daily Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	58.28	58.96	58.96	55.50	1.087 times
07 Mon Oct 2024	56.82	59.34	59.34	56.51	2 times
03 Thu Oct 2024	58.27	57.50	59.15	57.50	0.816 times
01 Tue Oct 2024	58.80	59.45	59.65	58.30	0.647 times
30 Mon Sep 2024	59.06	60.09	60.09	58.00	1.443 times
27 Fri Sep 2024	59.08	60.29	60.29	59.00	1.207 times
26 Thu Sep 2024	59.38	60.39	60.39	59.01	0.386 times
25 Wed Sep 2024	59.54	60.15	60.57	59.11	0.491 times
24 Tue Sep 2024	59.72	60.30	60.30	59.05	1.209 times
23 Mon Sep 2024	59.64	58.50	60.98	58.50	0.694 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.5, but if it comes above 58.5, then a intra day buy could be more profitable.
If you take a sell trade below 58.5, then use 58.5 as stoploss and 57.6 as target. However if you take a buy trade in stock , then use 58.5 as stoploss and 59.31 as target.

Share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Target	55.00
Downside Target	57.50
Upside Target	60.09
Upside Target	60.51
Upside Target	60.98
Upside Target	61.50
Upside Target	62.00
Upside Target	62.40
Upside Target	67.00
Upside Target	67.70
Upside Target	78.78

Intraday share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Intraday Target	56.07
Downside Intraday Target	53.87
Upside Intraday Target	59.91
Upside Intraday Target	61.55
Downside Intraday Target	57.71

Weekly technical analysis of Fortis Mlr (FortisMlr)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	58.28	59.34	59.34	55.50	1.062 times
03 Thu Oct 2024	58.27	60.09	60.09	57.50	0.729 times
27 Fri Sep 2024	59.08	58.50	60.98	58.50	0.904 times
20 Fri Sep 2024	59.75	60.20	61.50	58.60	0.778 times
13 Fri Sep 2024	59.73	62.00	62.00	58.00	1.085 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 Mlr (FortisMlr)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Tue Oct 2024	58.28	59.45	59.65	55.50	0.219 times
30 Mon Sep 2024	59.06	61.00	62.40	58.00	0.924 times
30 Fri Aug 2024	61.49	64.90	67.00	59.05	0.737 times
31 Wed Jul 2024	64.49	62.70	67.70	60.51	0.685 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 gaining 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 in or above 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

Stock of Fortis Mlr is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.6 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.