FORTIS INC (FTS) Stock Technical Analysis
NYSE:FTS • CA3495531079
We assign a technical rating of 10 out of 10 to FTS. 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.
- When comparing the yearly performance of all stocks, we notice that FTS is one of the better performing stocks in the market, outperforming 75% of all 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 51.95 - 57.25 range, which is quite wide. It is currently trading near the high of this range.
Although FTS has an excellent technical rating, it does not present a decent entry opportunity 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.
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45.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 52.52 to 53.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.02 to 51.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 48.73 to 48.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @45.77 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for FTS is up. |
| ChartMill Relative Strength | 75.43 | POSITIVE | FTS has a high relative strength, it outperformed 75.43% 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) | 67.94 | NEUTRAL | The RSI value for FTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests FTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.04 | OVERBOUGHT | The high Stochastics value suggests FTS may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for FTS suggests low volalility. |
| Average Directional Index/ADX (14) | 20.44 | NEUTRAL | The ADX value for FTS suggests a possible start of a new trend. |
56.33
-0.65 (-1.14%)
FORTIS INC / FTS FAQ
What is the technical rating for FTS stock?
ChartMill assigns a technical rating of 10 / 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 67.9445. 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 0.257189, 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.