FORTIS INC (FTS) Stock Technical Analysis
NYSE:FTS - New York Stock Exchange, Inc. - CA3495531079 - Common Stock - Currency: USD
Taking everything into account, FTS scores 6 out of 10 in our technical rating. In the last year, FTS was one of the better performers, but we do observe some doubts in the very recent evolution.
When comparing the yearly performance of all stocks, we notice that FTS is one of the better performing stocks in the market, outperforming 80% of all stocks.
FTS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FTS is performing more or less in line with the market.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
FTS is part of the Electric Utilities industry. There are 47 other stocks in this industry, FTS did better than 69% of them.
In the last month FTS has a been trading in a tight range between 46.72 and 49.03.
Although the technical rating is only medium, FTS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 46.46, a Stop Loss order could be placed below this zone.
More info and screens
37.61
50.27
We found 5 important support areas.
- A support zone ranging from 46.27 to 46.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @44.51 from a horizontal line in the daily time frame.
- Support @43.62 from a horizontal line in the daily time frame.
- Support @42.83 from a trend line in the weekly time frame.
- Support @37.99 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 47.23 to 47.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.84 to 48.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @49.77 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for FTS is down. |
| ChartMill Relative Strength | 80.37 | POSITIVE | FTS has a high relative strength, it outperformed 80.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FTS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FTS is below 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) | 42.16 | NEUTRAL | The RSI value for FTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests FTS has a negative trend. |
| Stochastics (14,3) | 18.48 | OVERSOLD | The low Stochastics value suggests FTS may be oversold. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for FTS suggests low volalility. |
| Average Directional Index/ADX (14) | 11.13 | NEGATIVE | The low ADX value for FTS suggests a weak or negative 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)
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 |
|---|---|---|---|
| 47.92 | 46.71 | 1.21 (2.52%) | 25.00% |
| An entry @47.92. This is a Buy Stop order right above the resistance zone. | An exit @46.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.21 points, which is 2.52%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- 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.
47.05
-0.28 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.59%
1 Week-1.96%
2 Weeks-2.16%
1 Month-2.28%
3 Month4.58%
6 Month12.78%
12 Month22.33%
2 Year9.19%
3 Year-0.47%
5 Year23.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.34%
ATR Inc-21.54%
Range Today0.64
ADR(20)0.61
ADR(20)%1.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.37
Mansfield0.24
10 Day High48.62
10 Day Low46.72
20 Day High49.03
20 Day Low46.72
52 Week High50.06
52 Week Low38.5
CS1 End46.46
CR1 Start47.23
Volume & EV
DER(3)-1.43%
DER(5)-3.12%
Volume636.40K
Volume Incr-12.14%
Vol(5)493.32K
Vol(50)584.46K