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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 2023-02-06 View latest technical analysis

10 day averaged volume of Fortis is 19342

Date Daily Closing Price Open High Low Volume
06 Mon Feb 2023 276.80 277.05 279.20 275.45 0.414 times
03 Fri Feb 2023 277.25 275.55 282.40 275.00 1.283 times
02 Thu Feb 2023 278.30 276.00 281.00 274.85 2.005 times
01 Wed Feb 2023 277.95 285.50 285.50 276.90 2.145 times
31 Tue Jan 2023 281.90 277.30 284.00 274.35 0.749 times
30 Mon Jan 2023 277.15 278.05 283.00 275.60 0.553 times
27 Fri Jan 2023 280.30 283.95 283.95 275.05 0.721 times
25 Wed Jan 2023 277.60 277.40 282.35 276.00 0.584 times
24 Tue Jan 2023 281.70 282.95 285.95 281.30 0.946 times
23 Mon Jan 2023 283.85 284.10 285.15 281.30 0.692 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 278.6, but if it comes above 278.6, then a intra day buy could be more profitable.
If you take a sell trade below 278.6, then use 278.6 as stoploss and 274.3 as target. However if you take a buy trade in stock , then use 278.6 as stoploss and 282.17 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 288.75
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 275.1
Downside Intraday Target 273.4
Upside Intraday Target 278.85
Upside Intraday Target 280.9
Upside Intraday Target 277.15

Weekly technical analysis of Fortis (Fortis)

Date Weekly Closing Price Open High Low Volume
06 Mon Feb 2023 276.80 277.05 279.20 275.45 0.061 times
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

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
06 Mon Feb 2023 276.80 285.50 285.50 274.85 0.061 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 -3, -2Sell
Stochastics 23Sell
CCI -108Sell
RSI 51Buy
OBV -26205Sell
VWAP 279Sell
ADL 0Sell
ROC -3Sell
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 Weak 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 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 SELL signal for Fortis in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 279.04 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 positive

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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