Technical analysis from Fortis Inc (FTS.TO.TO, TSE:FTS.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Fortis Inc
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Stoploss for Fortis Inc should be set between $38.987 & $38.594
Pivot Points /
Stoploss for Fortis Inc should be set between $38.987 & $38.594

Fortis Inc has broken the first resistance point ($40.954) [Bullish]. Look for a long limit order entry near this point. Exit price for FTS should be set @$41.347 & Stoploss for Fortis Inc should be set between $38.987 & $38.594

Trend continuation possible for FTS from reduced trading activity
Bill Williams Market Facilitation /
Trend continuation possible for FTS from reduced trading activity

Fortis Inc Currently is a confirmed Fake Day. MFI indicator is up, volume is down for FTS. Trend continuation possible for FTS from reduced trading activity.

Relative Strength Index /
RSI oversold signal had been cancelled for Fortis Inc

FTS: RSI Current Signal -> (1) 15 Feb: BULLISH CROSSUNDER (2) 14 Feb: BEARISH CROSSOVER (3) 13 Feb: NEUTRAL

Open Tod Vs Close Tod /
Fortis Inc: Buyers have taken control.

[BULLISH]: Fortis Inc opened in the middle part of daily range at 48.3% & closed in the upper part of the trading range at 100%. This suggests the buyers have taken control. Over the last 12 months there has been 4 trading days with the opening price in the middle shadow & the closing the price in the upper shadow giving a confirmation ratio of 6.5%. Over the last month there has been 1 trading days with the opening price in the middle price range & the closing the price in the upper price range giving a confirmation ratio of 10%.

Momentum /
Negative momentum for Fortis Inc is a leading indicator for continued price falls

FTS: MOM Current Signal -> (1) 15 Feb: BEARISH (2) 14 Feb: BEARISH CROSSOVER (3) 13 Feb: BEARISH CROSSOVER

Long White Candle /
FTS Basic Candle: Long White

[BULLISH]: Fortis Inc has formed a Long White candlestick. This means, FTS has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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Close Tod Vs Close Yest /
The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 2.7%

[BULLISH]: Fortis Incbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for FTS adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.7 & the greatest daily positive change this year has been 2.7. The longest consecutive upswing rally over the last 12 months has been 3 days giving a total rally upward movement of 2.7%. This quarter, the largest upswing rally has been 1 days giving a total rally upward movement of 2.7%. The win ratio for price rise in the first timeframe for the last 12 months is 0.3x giving a total win/loss ratio of 0.5x. Over the last month the average daily upward movement has been 2.5%

Fortis Inc: Bear Tasuki
Bear Tasuki /
Fortis Inc: Bear Tasuki

[BEARISH]: Fortis Inc has formed a new Bear Tasuki pattern.

High Price /
Fortis Inc: Daily high price is $40.56 [Higher High]

[BULLISH]: Fortis Inc current uptrend in the first timeframe. Currently, the HIGH is 0 %.

FTS has achieved a lower volume of 1.45345e+006 (-23.1)
Volume /
FTS has achieved a lower volume of 1.45345e+006 (-23.1)

[BEARISH]: Fortis Inc current volume downtrend in the first timeframe. Volume for FTS is1.45345e+006 (-23.1).

Fortis Inc is in a short term uptrend with the support price @$40.521
Weighted Moving Average /
Fortis Inc is in a short term uptrend with the support price @$40.521

[BULLISH]: Fortis Inc currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 2.2%.

Average True Range /
FTS: Average True Range has confirmed an uptrend @0.783

[Bullish]: Average True Range has confirmed an uptrend is present. Fortis Inc has a TR of 1.18, and an ATR(14) of 0.783.

Low Price /
Fortis Inc: Daily low performance is -0.7 % [Downtrend]

FTS: LOW Current Signal -> (1) 15 Feb: BEARISH (2) 14 Feb: BEARISH (3) 13 Feb: BEARISH

Aroon Oscillator /
Daily trading has confirmed an Aroon strong downtrend (-76) for Fortis Inc

[BEARISH]: Fortis Inc has a current ARU(25) of 24 and a current ARD(25) of 100

Fortis Inc: Bearish relationship forming between price & volume
Chaikin Money Flow /
Fortis Inc: Bearish relationship forming between price & volume

[BEARISH]: Fortis Inc current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.22. The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.31

Fortis Inc was easily moved downward on low volume in recent trading [Bearish]
Ease of Movement /
Fortis Inc was easily moved downward on low volume in recent trading [Bearish]

[BEARISH]: Fortis Inc current price have moved downwards on low volume. Currently, the Ease of Movement is -10.96

Percentage Price /
Signal line is still below the EMA for Fortis Inc producing negative momentum

[BEARISH]: Fortis Inc currently has negative PPO -2.600%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Rate of Change /
Negative ROC: Price is trading lower for Fortis Inc than 14 days ago

[BEARISH]: Fortis Inc currently has negative rate of change of -6.9%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Coles Reaction Day /
Daily trading produced a reaction day for Fortis Inc

FTS: CRD Current Signal -> (1) 15 Feb: BEARISH (2) 14 Feb: NEUTRAL (3) 13 Feb: NEUTRAL

Volume MACD for Fortis Inc is now losing momentum @-12045)
MACD Volume /
Volume MACD for Fortis Inc is now losing momentum @-12045)

[BEARISH CROSSOVER]: Fortis Inc currently has negative Volume MACD of -12045. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Distribution still active for Fortis Inc
Accumulation / Distribution /
Distribution still active for Fortis Inc

[BEARISH]: Fortis Inc current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Fibonacci Extensions /
Fortis Inc has moved below the 161.8% extension level ($49.18) [Bullish]

Fortis Inc has moved below the 161.8% level ($49.18) [Bullish]. Look for a long limit order entry near this point. Exit price for FTS should be set @$46.12 & Stoploss for Fortis Inc should be set at $52.24

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