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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 40048

Date Daily Closing Price Open High Low Volume
20 Fri May 2022 241.05 239.95 242.95 235.70 0.642 times
19 Thu May 2022 234.75 237.25 237.40 232.80 0.659 times
18 Wed May 2022 240.30 242.50 243.60 239.65 0.517 times
17 Tue May 2022 240.90 236.25 242.70 235.45 0.842 times
16 Mon May 2022 236.45 231.40 243.95 231.40 0.884 times
13 Fri May 2022 236.15 242.05 244.45 235.00 0.645 times
12 Thu May 2022 237.60 240.90 243.55 233.45 1.743 times
11 Wed May 2022 242.40 247.95 249.70 239.70 1.245 times
10 Tue May 2022 242.25 249.70 252.00 236.60 1.6 times
09 Mon May 2022 246.00 255.00 255.00 244.60 0.617 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 238.3 as stoploss in an intra day buy trade for a target of 252.57. However, stock will show a bearish move below 238.3.

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 229.95
Upside Target 243.35
Upside Target 255.00
Upside Target 260.65
Upside Target 269.00
Upside Target 277.95
Upside Target 280.50
Upside Target 280.80
Upside Target 290.00
Upside Target 292.80
Upside Target 313.80

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 233.65
Downside Intraday Target 226.25
Upside Intraday Target 246.2
Upside Intraday Target 251.35
Downside Intraday Target 238.8

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
20 Fri May 2022 241.05 231.40 243.95 231.40 0.606 times
13 Fri May 2022 236.15 255.00 255.00 233.45 0.241 times
06 Fri May 2022 250.70 260.05 269.00 247.10 2.14 times
29 Fri Apr 2022 266.75 277.95 277.95 265.65 1.617 times
22 Fri Apr 2022 273.90 268.00 280.80 267.35 1.554 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
20 Fri May 2022 241.05 260.05 269.00 231.40 1.193 times
29 Fri Apr 2022 266.75 290.00 290.00 265.65 0.598 times
31 Thu Mar 2022 290.40 248.00 292.80 243.35 1.111 times
28 Mon Feb 2022 245.40 270.25 280.50 229.95 0.807 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 (Fortis)

Indicator Name Indicator Value Indicator Signal
ADX 10, 28, 46 Sell
MACD -14, -13Sell
Stochastics 28Sell
CCI -15Buy
RSI 55Buy
OBV -1402931Sell
VWAP 240Buy
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Fortis ( (Fortis) ) 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 ( (Fortis) ) 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 ( (Fortis) ) 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 ( (Fortis) ) 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 stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Fortis 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 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 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 is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 239.85 and Fortis (Fortis) 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 (Fortis) stock. Volume based technical analysis of Fortis (Fortis) stock is negative.

Fortis 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.

Click here for Fortis charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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