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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 2021-10-20 View latest technical analysis

10 day averaged volume of Fortis is 117225

Date Daily Closing Price Open High Low Volume
20 Wed Oct 2021 253.80 253.20 262.65 250.65 1.493 times
19 Tue Oct 2021 256.65 260.50 264.40 252.55 1.266 times
18 Mon Oct 2021 262.70 275.90 275.90 261.45 1.508 times
14 Thu Oct 2021 274.30 268.25 275.95 265.00 1.688 times
13 Wed Oct 2021 269.80 263.50 275.10 263.35 0.917 times
12 Tue Oct 2021 262.85 270.00 270.00 262.35 0.617 times
11 Mon Oct 2021 267.95 271.60 272.95 266.25 0.591 times
08 Fri Oct 2021 271.25 275.00 277.30 270.65 0.689 times
07 Thu Oct 2021 274.30 279.90 281.50 273.10 0.781 times
06 Wed Oct 2021 278.80 274.60 281.60 273.70 1.022 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 253.1, for a target of 261.2 or 267.89

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 223.55
Downside Target 231.00
Downside Target 247.70
Upside Target 273.70
Upside Target 275.70
Upside Target 275.90
Upside Target 275.95
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 244.33
Downside Intraday Target 234.87
Upside Intraday Target 269.58
Upside Intraday Target 285.37
Upside Intraday Target 260.12

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
20 Wed Oct 2021 253.80 275.90 275.90 250.65 1.119 times
14 Thu Oct 2021 274.30 271.60 275.95 262.35 0.815 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

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
20 Wed Oct 2021 253.80 263.45 282.00 250.65 0.508 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 12, 24, 33 Sell
MACD -2, 1Sell
Stochastics 10Sell
CCI -151Sell
RSI 54Buy
OBV -481549Sell
VWAP 266Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

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 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 to mid 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Fortis in short term and the sell signal is strong.

Fortis Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 266.46 and Fortis (Fortis) 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 (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.

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Daily charts

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Daily chart

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