FORTIS INC (FTS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:FTS • CA3495531079
Taking everything into account, FTS scores 9 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, FTS did better than 77% of all other stocks. On top of that, FTS also shows a nice and consistent pattern of rising prices.
- FTS is part of the Electric Utilities industry. There are 46 other stocks in this industry. FTS outperforms 84% of them.
- 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 50.67 - 53.98 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, FTS also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 53.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.84, a Stop Loss order could be placed below this zone.
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45.06
4 important support areas can be observed.
- A support zone ranging from 50.02 to 52.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @45.52 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.34 to 53.71. 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 | 77.6 | POSITIVE | FTS has a high relative strength, it outperformed 77.6% 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) | 63.36 | NEUTRAL | The RSI value for FTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests FTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.18 | OVERBOUGHT | The high Stochastics value suggests FTS may be overbought. |
| Average True Range in percent/ATR (20) | 1.42 | LOW VOLATILITY | The low ATR as a percentage value for FTS suggests low volalility. |
| Average Directional Index/ADX (14) | 16.87 | NEGATIVE | The low ADX value for FTS suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 53.72 | 51.40 | 2.32 (4.32%) | 23.16% |
| An entry @53.72. This is a Buy Stop order right above the resistance zone. | An exit @51.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.32 points, which is 4.32%. | For a 1.00% total portfolio risk, you can invest 23.16% of your capital in this trade. |
- 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.
53.33
-0.29 (-0.54%)
FORTIS INC / FTS FAQ
What is the technical rating for FTS stock?
ChartMill assigns a technical rating of 9 / 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 63.3593. 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 0.160098, indicating a bearish trend.
What is the buy/sell signal for FTS stock?
The buy/sell signal for FORTIS INC (FTS) is buy as both the short term and long term trends are positive.