FORTIS INC (FTS) Stock Technical Analysis
USA - NYSE:FTS - CA3495531079 - Common Stock
Overall FTS gets a technical rating of 9 out of 10. Both in the recent history as in the last year, FTS has proven to be a steady performer, scoring decent points in every aspect analyzed.
FTS has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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44.14
3 important support areas can be observed.
- A support zone ranging from 48.73 to 51.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.04 from a horizontal line in the weekly time frame.
- Support @44.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.34 to 52.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FTS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTS is up. |
| ChartMill Relative Strength | 73.11 | POSITIVE | FTS has a high relative strength, it outperformed 73.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.21 | NEUTRAL | The RSI value for FTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests FTS has a positive trend. |
| Stochastics (14,3) | 89.02 | OVERBOUGHT | The high Stochastics value suggests FTS may be overbought. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for FTS suggests low volalility. |
| Average Directional Index/ADX (14) | 20.04 | NEUTRAL | The ADX value for FTS suggests a possible start of a new trend. |
52.33
-0.32 (-0.61%)
FORTIS INC / FTS FAQ
What is the technical rating for FTS stock?
ChartMill assigns a technical rating of 9 / 10 to FTS.
Can you provide the trend direction for FORTIS INC?
The current trend direction for FORTIS INC (FTS) is Bullish.
Can you provide the RSI signal for FORTIS INC?
FORTIS INC (FTS) has an RSI value of 64.2082. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for FORTIS INC?
The buy/sell signal for FORTIS INC (FTS) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for FORTIS INC (FTS) stock?
FORTIS INC (FTS) has a support level at 51.22 and a resistance level at 52.34. Check the full technical report for our detailed analysis of FTS support and resistance levels.