FORTIS INC (FTS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:FTS - CA3495531079 - Common Stock
Overall FTS gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
FTS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 50.81, a Stop Loss order could be placed below this zone.
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44.81
When analyzing the support we can see 4 important areas.
- A support zone ranging from 50.02 to 50.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 48.73 to 48.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.04 from a horizontal line in the weekly time frame.
- Support @45.26 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.21 to 52.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for FTS is neutral. |
| ChartMill Relative Strength | 70.73 | POSITIVE | FTS has a high relative strength, it outperformed 70.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FTS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FTS is below a declining 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) | 46.78 | NEUTRAL | The RSI value for FTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests FTS has a negative trend. |
| Stochastics (14,3) | 46.04 | NEUTRAL | The Stochastics value for FTS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for FTS suggests low volalility. |
| Average Directional Index/ADX (14) | 12.71 | NEGATIVE | The low ADX value for FTS suggests a weak or negative trend. |
51.19
-0.27 (-0.52%)
FORTIS INC / FTS FAQ
What is the technical rating for FTS stock?
ChartMill assigns a technical rating of 7 / 10 to FTS.
What is the current trend direction of FORTIS INC (FTS) stock?
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 46.7812. This indicates that the stock is currently neutral.
What is the MACD signal for FTS stock?
The MACD indicator for FORTIS INC (FTS) has a value of -0.0264259, indicating a bearish trend.