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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 2022-05-05 View latest technical analysis

10 day averaged volume of Fortis is 144398

Date Daily Closing Price Open High Low Volume
05 Thu May 2022 252.45 260.45 263.00 249.90 0.376 times
04 Wed May 2022 258.90 264.10 269.00 257.70 5.866 times
02 Mon May 2022 264.25 260.05 268.50 260.05 0.15 times
29 Fri Apr 2022 266.75 266.60 271.70 265.65 0.196 times
28 Thu Apr 2022 268.60 272.70 273.70 267.15 0.202 times
27 Wed Apr 2022 272.25 270.60 274.90 270.60 0.134 times
26 Tue Apr 2022 275.60 269.05 277.70 269.05 0.377 times
25 Mon Apr 2022 270.10 277.95 277.95 269.25 2.239 times
22 Fri Apr 2022 273.90 280.80 280.80 272.60 0.223 times
21 Thu Apr 2022 278.55 271.00 279.50 271.00 0.241 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 257.2, for a target of 264.5 or 270.69

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 229.95
Downside Target 243.35
Downside Target 249.90
Upside Target 260.65
Upside Target 277.95
Upside Target 280.50
Upside Target 280.80
Upside Target 287.40
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 245.23
Downside Intraday Target 238.02
Upside Intraday Target 264.33
Upside Intraday Target 276.22
Upside Intraday Target 257.12

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
05 Thu May 2022 252.45 260.05 269.00 249.90 2.03 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
13 Wed Apr 2022 270.85 269.25 280.80 269.25 1.204 times
08 Fri Apr 2022 272.05 284.15 287.40 267.50 0.308 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Fortis (Fortis)

Date Monthly Closing Price Open High Low Volume
05 Thu May 2022 252.45 260.05 269.00 249.90 0.816 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 8, 27, 52 Sell
MACD -3, 0Sell
Stochastics 11Sell
CCI -173Sell
RSI 57Buy
OBV -1333078Sell
VWAP 263Sell
ADL 0Sell
ROC -7Sell
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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 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 positive zone. This is a BUY 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 263.21 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.

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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