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FORTIS INC (FTS.CA) Stock Technical Analysis

TSX:FTS - Toronto Stock Exchange - CA3495531079 - Common Stock - Currency: CAD

62.89  +0.19 (+0.3%)

Technical Rating and Analysis

6

Taking everything into account, FTS scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FTS is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
FTS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
FTS has an average volume of 1524910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, FTS outperforms 60% of them, which is more or less in line with the market.
FTS is part of the Electric Utilities industry. There are 19 other stocks in this industry, FTS did better than 61% of them.
In the last month FTS has a been trading in a tight range between 60.24 and 63.50.
Weekly and Daily overview Charts
FORTIS INC / FTS Weekly stock chart
FORTIS INC / FTS Daily stock chart
Setup Rating and Analysis

9

FTS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 63.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.32, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

51.07

63.77

We found 2 important support areas.

  • A support zone ranging from 58.14 to 62.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @51.59 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 63.13 to 63.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.7
Mansfield-0.08
10 Day High63.5
10 Day Low60.5
20 Day High63.5
20 Day Low60.24
52 Week High63.75
52 Week Low51.02
Performance
1 Week0.9%
2 Weeks1.53%
1 Month4.59%
3 Month1.09%
6 Month4.92%
12 Month18.77%
2 Year16.46%
3 Year8.28%
5 Year15.78%
10 Year58.89%
15 Year130.62%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.12
RSI(14)61.73
LBB61.04
UBB63.24
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
63.1560.492.66 (4.21%)23.74%
An entry @63.15. This is a Buy Stop order right above the resistance zone.An exit @60.49. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 2.66 points, which is 4.21%.When investing 23.74% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FORTIS INC / FTS Daily stock chart

FORTIS INC

TSX:FTS (2/13/2025, 7:00:00 PM)

62.89

+0.19 (+0.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.3%
1 Week0.9%
2 Weeks1.53%
1 Month4.59%
3 Month1.09%
6 Month4.92%
12 Month18.77%
2 Year16.46%
3 Year8.28%
5 Year15.78%
10 Year58.89%
15 Year130.62%
Volatility
ATR(14)1.05
ATR(20)%1.49%
ATR Inc-29.03%
Range Today0.67
ADR(20)0.89
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.7
Mansfield-0.08
10 Day High63.5
10 Day Low60.5
20 Day High63.5
20 Day Low60.24
52 Week High63.75
52 Week Low51.02
CS1 End62.32
CR1 Start63.13
Volume & EV
DER(3)-0.14%
DER(5)0.4%
Volume2.35M
Volume Incr6.56%
Vol(5)1.79M
Vol(50)1.52M