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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 2022-05-12 View latest technical analysis

10 day averaged volume of Fortis is 118846

Date Daily Closing Price Open High Low Volume
12 Thu May 2022 237.60 240.90 243.55 233.45 0.587 times
11 Wed May 2022 242.40 247.95 249.70 239.70 0.42 times
10 Tue May 2022 242.25 249.70 252.00 236.60 0.539 times
09 Mon May 2022 246.00 255.00 255.00 244.60 0.208 times
06 Fri May 2022 250.70 252.00 252.55 247.10 0.42 times
05 Thu May 2022 252.45 260.45 263.00 249.90 0.457 times
04 Wed May 2022 258.90 264.10 269.00 257.70 7.127 times
02 Mon May 2022 264.25 260.05 268.50 260.05 0.182 times
29 Fri Apr 2022 266.75 266.60 271.70 265.65 0.238 times
28 Thu Apr 2022 268.60 272.70 273.70 267.15 0.246 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 235.2, for a target of 250.4 or 263.06

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 269.25
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 229.03
Downside Intraday Target 220.47
Upside Intraday Target 250.58
Upside Intraday Target 263.57
Upside Intraday Target 242.02

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
12 Thu May 2022 237.60 255.00 255.00 233.45 0.214 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
13 Wed Apr 2022 270.85 269.25 280.80 269.25 1.204 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 Thu May 2022 237.60 260.05 269.00 233.45 1.045 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 5, 32, 75 Sell
MACD -12, -7Sell
Stochastics 13Sell
CCI -114Sell
RSI 54Buy
OBV -1449461Sell
VWAP 256Sell
ADL 0Sell
ROC -13Sell
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

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 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 255.81 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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