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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 2024-10-31 View latest technical analysis

10 day averaged volume of Fortis Mlr is 26793

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	54.35	53.14	54.70	53.14	0.745 times
30 Wed Oct 2024	53.14	53.30	54.90	52.52	1.876 times
29 Tue Oct 2024	54.59	53.21	54.77	52.17	1.493 times
28 Mon Oct 2024	52.17	55.97	55.97	51.27	1.213 times
25 Fri Oct 2024	51.99	53.00	54.00	51.01	0.68 times
24 Thu Oct 2024	52.95	54.00	54.75	52.27	0.584 times
23 Wed Oct 2024	53.83	55.10	55.74	53.02	0.563 times
22 Tue Oct 2024	54.52	56.74	57.90	54.10	0.971 times
21 Mon Oct 2024	55.96	56.15	56.49	55.02	0.921 times
18 Fri Oct 2024	55.27	56.65	56.65	54.90	0.895 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 53.6 as stoploss in an intra day buy trade for a target of 55.46. However, stock will show a bearish move below 53.6.

Share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Target	51.01
Upside Target	54.90
Upside Target	57.50
Upside Target	59.34
Upside Target	59.65
Upside Target	60.09
Upside Target	60.51
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	51.76
Downside Intraday Target	49.16
Upside Intraday Target	56.46
Upside Intraday Target	58.56
Downside Intraday Target	53.86

Weekly technical analysis of Fortis Mlr (FortisMlr)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	54.35	55.97	55.97	51.27	1.432 times
25 Fri Oct 2024	51.99	56.15	57.90	51.01	0.746 times
18 Fri Oct 2024	55.27	58.19	58.19	54.90	0.784 times
11 Fri Oct 2024	57.18	59.34	59.34	55.50	2.183 times
03 Thu Oct 2024	58.27	60.09	60.09	57.50	0.729 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
31 Thu Oct 2024	54.35	59.45	59.65	51.01	1.052 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Fortis Mlr in short term but the buy signal is initial and weak.

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

Fortis Mlr Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 53.87 and Fortis Mlr (FortisMlr) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.