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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 2022-09-30 View latest technical analysis

10 day averaged volume of Fortis is 337156

Date Daily Closing Price Open High Low Volume
30 Fri Sep 2022 264.10 261.55 265.00 260.30 0.219 times
29 Thu Sep 2022 261.70 262.00 266.00 259.00 0.252 times
28 Wed Sep 2022 258.05 260.00 261.00 255.05 0.139 times
27 Tue Sep 2022 258.90 259.10 263.00 257.00 0.243 times
26 Mon Sep 2022 258.00 259.50 265.00 256.45 0.53 times
23 Fri Sep 2022 262.30 265.95 267.75 251.40 1.366 times
22 Thu Sep 2022 265.30 317.00 323.10 250.40 4.376 times
21 Wed Sep 2022 311.20 315.00 316.55 307.40 0.283 times
20 Tue Sep 2022 315.05 320.40 324.70 312.60 0.286 times
19 Mon Sep 2022 320.65 294.20 324.80 292.00 2.301 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 265.4, but if it comes above 265.4, then a intra day buy could be more profitable.
If you take a sell trade below 265.4, then use 265.4 as stoploss and 241.2 as target. However if you take a buy trade in stock , then use 265.4 as stoploss and 285.59 as target.

Share price targets for Fortis (Fortis)

Target Type Value
Downside Target 219.80
Downside Target 231.40
Downside Target 246.50
Downside Target 261.00
Upside Target 280.05
Upside Target 285.05
Upside Target 294.50
Upside Target 298.75
Upside Target 304.75
Upside Target 315.80
Upside Target 324.80

Intraday share price targets for Fortis (Fortis)

Target Type Value
Downside Intraday Target 257.43
Downside Intraday Target 250.77
Upside Intraday Target 268.38
Upside Intraday Target 272.67
Downside Intraday Target 261.72

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
30 Fri Sep 2022 264.10 259.50 266.00 255.05 0.161 times
23 Fri Sep 2022 262.30 294.20 324.80 250.40 5.507 times
16 Fri Sep 2022 297.00 285.15 315.80 285.05 4.174 times
09 Fri Sep 2022 288.00 289.30 294.50 285.05 0.884 times
02 Fri Sep 2022 291.55 280.05 298.75 280.05 0.43 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
30 Fri Sep 2022 264.10 288.55 324.80 250.40 2.724 times
30 Tue Aug 2022 294.45 280.00 304.75 261.00 1.523 times
29 Fri Jul 2022 278.35 236.60 281.45 232.40 1.129 times
30 Thu Jun 2022 239.90 239.00 246.50 219.80 0.561 times

Scroll below to view daily charts

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

Indicators analysis of Fortis (Fortis)

Indicator Name Indicator Value Indicator Signal
ADX 15, 29, 30 Sell
MACD -8, -2Sell
Stochastics 15Sell
CCI -48Buy
RSI 49Sell
OBV -1264075Sell
VWAP 280Sell
ADL 0Sell
ROC -11Sell
Force Index 0Sell

Price action analysis of Fortis ( (Fortis) ) based on a short 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 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 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 below the red cloud Prices appear to be moving up

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 and selling is picking up 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 279.6 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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