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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)

10 day averaged volume of Fortis is 17895

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 277.25 275.55 282.40 275.00 1.387 times
02 Thu Feb 2023 278.30 276.00 281.00 274.85 2.168 times
01 Wed Feb 2023 277.95 285.50 285.50 276.90 2.319 times
31 Tue Jan 2023 281.90 277.30 284.00 274.35 0.809 times
30 Mon Jan 2023 277.15 278.05 283.00 275.60 0.598 times
27 Fri Jan 2023 280.30 283.95 283.95 275.05 0.779 times
25 Wed Jan 2023 277.60 277.40 282.35 276.00 0.631 times
24 Tue Jan 2023 281.70 282.95 285.95 281.30 1.022 times
23 Mon Jan 2023 283.85 284.10 285.15 281.30 0.748 times
20 Fri Jan 2023 284.50 285.00 288.30 283.10 0.348 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 279.1, but if it comes above 279.1, then a intra day buy could be more profitable.
If you take a sell trade below 279.1, then use 279.1 as stoploss and 275.1 as target. However if you take a buy trade in stock , then use 279.1 as stoploss and 282.52 as target.

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 259.25
Downside Target 268.95
Upside Target 285.50
Upside Target 285.95
Upside Target 286.40
Upside Target 288.55
Upside Target 288.75
Upside Target 289.80
Upside Target 295.00
Upside Target 313.75

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 272.57
Downside Intraday Target 267.88
Upside Intraday Target 283.72
Upside Intraday Target 290.18
Upside Intraday Target 279.03

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 277.25 278.05 285.50 274.35 2.29 times
27 Fri Jan 2023 280.30 284.10 285.95 275.05 1.243 times
20 Fri Jan 2023 284.50 285.70 288.75 278.10 0.435 times
13 Fri Jan 2023 287.45 284.00 289.80 281.15 0.065 times
06 Fri Jan 2023 283.80 282.55 288.55 280.10 10.145 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
03 Fri Feb 2023 277.25 285.50 285.50 274.85 0.057 times
31 Tue Jan 2023 281.90 282.55 289.80 274.35 2.463 times
30 Fri Dec 2022 286.15 290.25 295.00 268.95 0.446 times
30 Wed Nov 2022 290.25 275.00 313.75 272.80 0.696 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 10, 13, 13 Sell
MACD -2, -2Sell
Stochastics 24Sell
CCI -76Buy
RSI 49Sell
OBV 1533925Sell
VWAP 279Sell
ADL 0Sell
ROC -3Sell
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 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 Weak and stock is losing 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 below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Fortis in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 279.3 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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