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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 263400

Date Daily Closing Price Open High Low Volume
04 Tue Oct 2022 268.05 264.95 269.25 262.35 0.264 times
03 Mon Oct 2022 260.75 264.20 264.20 259.25 0.151 times
30 Fri Sep 2022 264.10 261.55 265.00 260.30 0.281 times
29 Thu Sep 2022 261.70 262.00 266.00 259.00 0.323 times
28 Wed Sep 2022 258.05 260.00 261.00 255.05 0.178 times
27 Tue Sep 2022 258.90 259.10 263.00 257.00 0.312 times
26 Mon Sep 2022 258.00 259.50 265.00 256.45 0.678 times
23 Fri Sep 2022 262.30 265.95 267.75 251.40 1.748 times
22 Thu Sep 2022 265.30 317.00 323.10 250.40 5.601 times
21 Wed Sep 2022 311.20 315.00 316.55 307.40 0.363 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 262.1 as stoploss in an intra day buy trade for a target of 283.3. However, stock will show a bearish move below 262.1.

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 219.80
Downside Target 232.40
Downside Target 246.50
Upside Target 281.45
Upside Target 285.05
Upside Target 294.50
Upside Target 304.75
Upside Target 315.80
Upside Target 324.80

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 261.78
Downside Intraday Target 255.52
Upside Intraday Target 271.78
Upside Intraday Target 275.52
Downside Intraday Target 265.52

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
04 Tue Oct 2022 268.05 264.20 269.25 259.25 0.234 times
30 Fri Sep 2022 264.10 259.50 266.00 255.05 0.161 times
23 Fri Sep 2022 262.30 294.20 324.80 250.40 5.507 times
16 Fri Sep 2022 297.00 285.15 315.80 285.05 4.174 times
09 Fri Sep 2022 288.00 289.30 294.50 285.05 0.884 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
04 Tue Oct 2022 268.05 264.20 269.25 259.25 0.027 times
30 Fri Sep 2022 264.10 288.55 324.80 250.40 2.724 times
30 Tue Aug 2022 294.45 280.00 304.75 261.00 1.523 times
29 Fri Jul 2022 278.35 236.60 281.45 232.40 1.129 times

Scroll below to view daily charts

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 18, 27, 20 Sell
MACD -9, -5Sell
Stochastics 19Sell
CCI -10Buy
RSI 51Buy
OBV -1182575Sell
VWAP 265Buy
ADL 0Sell
ROC -15Sell
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 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 Weak 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 below 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

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 265.47 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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