FORTIS INC (FTS) Stock Technical Analysis
USA - NYSE:FTS - CA3495531079 - Common Stock
52.1 USD
+0.45 (+0.87%)
52.1 USD
0 (0%)
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.
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 74% of all other stocks.
A new 52 week high is currently being made by FTS, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month FTS has a been trading in the 49.42 - 52.47 range, which is quite wide. It is currently trading near the high of this range.
FTS is part of the Electric Utilities industry. There are 47 other stocks in this industry, FTS did better than 60% of them.
Although FTS has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
43.90
52.63
4 important support areas can be observed.
- A support zone ranging from 50.12 to 51.28. 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 48.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 @44.34 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 52.11 to 52.11. 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 | 74.9 | POSITIVE | FTS has a high relative strength, it outperformed 74.9% 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) | 72.86 | OVERBOUGHT | The high RSI value suggests FTS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests FTS has a positive trend. |
| Stochastics (14,3) | 86.62 | OVERBOUGHT | The high Stochastics value suggests FTS may be overbought. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for FTS suggests low volalility. |
| Average Directional Index/ADX (14) | 24.12 | 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)
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 |
|---|---|---|---|
| 52.12 | 49.90 | 2.22 (4.26%) | 23.48% |
| An entry @52.12. This is a Buy Stop order right above the resistance zone. | An exit @49.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.22 points, which is 4.26%. | For a 1.00% total portfolio risk, you can invest 23.48% 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.
52.1
+0.45 (+0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg0.87%
1 Week1.42%
2 Weeks3.39%
1 Month5.3%
3 Month6.17%
6 Month7.27%
12 Month18.98%
2 Year31.14%
3 Year33.59%
5 Year31.9%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.12%
ATR Inc9.13%
Range Today0.93
ADR(20)0.57
ADR(20)%1.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.9
3 months CRS71.27
6 months CRS44.44
Mansfield0.09
10 Day High52.47
10 Day Low49.91
20 Day High52.47
20 Day Low49.42
52 Week High52.47
52 Week Low40.32
CS1 End51.28
CR1 Start52.11
Volume & EV
DER(3)1.85%
DER(5)-0.02%
Volume773.30K
Volume Incr-3.56%
Vol(5)633.20K
Vol(50)595.11K