FORTIS INC (FTS) Stock Technical Analysis
NYSE:FTS - New York Stock Exchange, Inc. - CA3495531079 - Common Stock - Currency: USD
Overall FTS gets a technical rating of 7 out of 10. 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.
In the last month FTS has a been trading in the 46.46 - 50.56 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, FTS outperforms 67% of them, which is more or less in line with the market.
FTS is an average performer in the Electric Utilities industry, it outperforms 65% of 47 stocks in the same industry.
Although FTS has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
37.61
50.98
We found 5 important support areas.
- A support zone ranging from 47.89 to 48.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.46 to 47.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.30 from a horizontal line in the daily time frame.
- Support @43.42 from a trend line in the weekly time frame.
- Support @37.99 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.48 to 50.48. 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 | 67.47 | NEUTRAL | FTS is not amongst the best or worst performers 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) | 71.31 | OVERBOUGHT | The high RSI value suggests FTS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests FTS has a positive trend. |
| Stochastics (14,3) | 88.48 | 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) | 22.85 | NEUTRAL | The ADX value for FTS suggests a possible start of a new trend. |
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)
50.47
+0.58 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg1.16%
1 Week4.45%
2 Weeks4.88%
1 Month7.66%
3 Month5.06%
6 Month15.97%
12 Month17.48%
2 Year28.75%
3 Year14.42%
5 Year26.05%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%1.28%
ATR Inc79.61%
Range Today0.57
ADR(20)0.58
ADR(20)%1.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.47
Mansfield0.3
10 Day High50.56
10 Day Low48.27
20 Day High50.56
20 Day Low46.46
52 Week High50.56
52 Week Low40.32
CS1 End48.22
CR1 Start50.48
Volume & EV
DER(3)3.86%
DER(5)4.76%
Volume368.10K
Volume Incr2.1%
Vol(5)571.80K
Vol(50)532.30K