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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 2022-06-16 View latest technical analysis

10 day averaged volume of Fortis is 53818

Date Daily Closing Price Open High Low Volume
16 Thu Jun 2022 227.95 235.55 235.90 226.00 0.505 times
15 Wed Jun 2022 233.70 229.00 234.75 229.00 0.25 times
14 Tue Jun 2022 227.60 236.90 239.25 223.65 6.963 times
13 Mon Jun 2022 235.90 244.75 244.75 235.30 0.585 times
10 Fri Jun 2022 244.40 244.70 245.50 240.85 0.301 times
09 Thu Jun 2022 245.20 241.70 246.00 236.65 0.538 times
08 Wed Jun 2022 241.10 241.15 241.70 239.50 0.164 times
07 Tue Jun 2022 241.10 239.85 242.55 239.85 0.217 times
06 Mon Jun 2022 242.50 241.00 243.70 240.00 0.364 times
03 Fri Jun 2022 240.50 246.50 246.50 239.65 0.285 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 228.4, for a target of 234.5 or 239.57

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 223.65
Upside Target 229.95
Upside Target 243.35
Upside Target 246.50
Upside Target 248.75
Upside Target 265.65
Upside Target 269.00
Upside Target 280.50
Upside Target 290.00
Upside Target 292.80

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 219.48
Downside Intraday Target 211.02
Upside Intraday Target 240.58
Upside Intraday Target 253.22
Upside Intraday Target 232.12

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
16 Thu Jun 2022 227.95 244.75 244.75 223.65 5.244 times
10 Fri Jun 2022 244.40 241.00 246.00 236.65 0.551 times
03 Fri Jun 2022 240.50 239.80 246.50 234.35 0.858 times
27 Fri May 2022 234.55 247.50 248.75 233.05 1.269 times
20 Fri May 2022 241.05 231.40 243.95 231.40 0.606 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
16 Thu Jun 2022 227.95 239.00 246.50 223.65 0.389 times
31 Tue May 2022 238.25 260.05 269.00 231.40 1.376 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

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 9, 27, 49 Sell
MACD -10, -9Sell
Stochastics 27Sell
CCI -125Sell
RSI 52Buy
OBV -430154Sell
VWAP 231Sell
ADL 0Sell
ROC -6Sell
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 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 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 below 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 231.07 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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