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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 2022-07-04 View latest technical analysis

10 day averaged volume of Fortis is 23504

Date Daily Closing Price Open High Low Volume
04 Mon Jul 2022 241.35 235.85 242.50 234.00 0.622 times
01 Fri Jul 2022 235.85 236.60 238.20 232.40 0.542 times
30 Thu Jun 2022 239.90 234.00 241.45 231.65 1.215 times
29 Wed Jun 2022 233.70 230.00 234.30 228.65 0.533 times
28 Tue Jun 2022 230.50 229.10 231.65 229.10 0.422 times
27 Mon Jun 2022 230.60 236.00 236.85 229.50 0.989 times
24 Fri Jun 2022 236.35 236.00 240.80 234.75 0.942 times
23 Thu Jun 2022 236.05 229.50 238.50 228.75 2.649 times
22 Wed Jun 2022 229.20 233.35 233.45 226.75 0.552 times
21 Tue Jun 2022 234.20 228.65 235.60 228.65 1.052 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 240.6, but if it comes below 240.6, then a intra day sell could be more profitable.
If you take a sell trade below 240.6, then use 240.6 as stoploss and 234.92 as target. However if you take a buy trade in stock , then use 240.6 as stoploss and 247.5 as target.

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 219.80
Downside Target 228.65
Upside Target 242.50
Upside Target 243.35
Upside Target 244.75
Upside Target 246.00
Upside Target 246.50
Upside Target 265.65
Upside Target 269.00
Upside Target 290.00
Upside Target 292.80

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 236.07
Downside Intraday Target 230.78
Upside Intraday Target 244.57
Upside Intraday Target 247.78
Downside Intraday Target 239.28

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
04 Mon Jul 2022 241.35 235.85 242.50 234.00 0.168 times
01 Fri Jul 2022 235.85 236.00 241.45 228.65 0.588 times
24 Fri Jun 2022 236.35 228.35 240.80 219.80 0.302 times
17 Fri Jun 2022 227.30 244.75 244.75 221.50 5.763 times
10 Fri Jun 2022 244.40 241.00 246.00 236.65 0.551 times

Price has moved up 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
04 Mon Jul 2022 241.35 236.60 242.50 232.40 0.031 times
30 Thu Jun 2022 239.90 239.00 246.50 219.80 0.542 times
31 Tue May 2022 238.25 260.05 269.00 231.40 1.424 times
29 Fri Apr 2022 266.75 290.00 290.00 265.65 0.598 times

Scroll below to view daily charts

Price has moved up 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 26, 16, 24 Buy
MACD -5, -7Buy
Stochastics 87Buy
CCI 128Buy
RSI 57Buy
OBV -363432Sell
VWAP 235Buy
ADL 0Sell
ROC 7Buy
Force Index 0Sell

Price action analysis of Fortis ( (Fortis) ) based on a short 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.

Price action analysis of Fortis ( (Fortis) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Fortis ( (Fortis) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Fortis Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 moving up

CCI has generated a buy signal for Fortis in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 235.36 and Fortis (Fortis) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 is giving positive 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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