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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)

Showing technical analysis as on 2021-10-12 View latest technical analysis

10 day averaged volume of Fortis is 109029

Date Daily Closing Price Open High Low Volume
12 Tue Oct 2021 262.85 270.00 270.00 262.35 0.663 times
11 Mon Oct 2021 267.95 271.60 272.95 266.25 0.636 times
08 Fri Oct 2021 271.25 275.00 277.30 270.65 0.741 times
07 Thu Oct 2021 274.30 279.90 281.50 273.10 0.84 times
06 Wed Oct 2021 278.80 274.60 281.60 273.70 1.098 times
05 Tue Oct 2021 275.35 280.00 280.00 274.85 0.99 times
04 Mon Oct 2021 280.25 266.90 282.00 265.55 1.362 times
01 Fri Oct 2021 265.60 263.45 267.00 261.05 0.698 times
30 Thu Sep 2021 263.45 262.05 269.50 262.05 1.306 times
29 Wed Sep 2021 263.30 261.05 268.40 260.45 1.195 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 263.6, but if it comes above 263.6, then a intra day buy could be more profitable.
If you take a sell trade below 263.6, then use 263.6 as stoploss and 257 as target. However if you take a buy trade in stock , then use 263.6 as stoploss and 269.07 as target.

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 223.55
Downside Target 231.00
Downside Target 247.70
Downside Target 255.15
Upside Target 272.95
Upside Target 273.70
Upside Target 275.70
Upside Target 280.10
Upside Target 282.00
Upside Target 293.70
Upside Target 304.00

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 259.15
Downside Intraday Target 255.45
Upside Intraday Target 269.75
Upside Intraday Target 276.65
Upside Intraday Target 266.05

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
12 Tue Oct 2021 262.85 271.60 272.95 262.35 0.258 times
08 Fri Oct 2021 271.25 266.90 282.00 265.55 0.78 times
01 Fri Oct 2021 265.60 271.20 275.70 260.45 0.966 times
24 Fri Sep 2021 271.85 264.90 273.70 255.15 1.337 times
17 Fri Sep 2021 267.35 277.10 280.10 266.25 1.018 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 (Fortis)

Date Monthly Closing Price Open High Low Volume
12 Tue Oct 2021 262.85 263.45 282.00 261.05 0.248 times
30 Thu Sep 2021 263.45 292.50 293.70 255.15 0.438 times
31 Tue Aug 2021 290.55 253.00 304.00 225.20 1.906 times
30 Fri Jul 2021 250.70 244.00 259.65 231.00 0.454 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 16, 23, 16 Sell
MACD 2, 3Sell
Stochastics 32None
CCI -73Sell
RSI 57Buy
OBV -661082Sell
VWAP 271Sell
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Fortis ( (Fortis) ) 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 ( (Fortis) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Fortis ( (Fortis) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Fortis ( (Fortis) ) based on a mid to longer 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.

ADX buy sell signal for Fortis stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Fortis in short term but the sell signal is initial and weak.

Fortis 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Fortis in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 270.82 and Fortis (Fortis) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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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