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

Fortis Inc
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Fortis Inc: Current trading activity signals OBV accumulation is present
On Balance Volume /
Fortis Inc: Current trading activity signals OBV accumulation is present

[BULLISH]: Fortis Inc current price has highlighted recent accumulation. Currently, the OBV is 4.31857e+006.

Price continues to trade above the Triangular Moving Average(5) for FTS
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for FTS

[BULLISH]: Fortis Inc currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.8%.

Ease of Movement /
Price spike caused by low volume trading for Fortis Inc during last trading session

FTS: EOM Recent Trading -> (1) 19 Oct: 12.423 (2) 18 Oct: 7.383 (3) 17 Oct: 27.962

Low Price /
Fortis Inc: Daily low price is $46.47 [Lower Low]

FTS: LOW Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Percentage Volume /
Fortis Inc: Percentage Volume Oscillator (-9.3)

FTS: PVO Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH

Average Directional Movement /
Fortis Inc: Average Directional Index (18.39) has confirmed a weak trend is present

FTS: Average Directional Index Recent Trading -> (1) 19 Oct: 18.39 (2) 18 Oct: 16.78 (3) 17 Oct: 15.42

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Opening Price /
Fortis Inc: Daily opening performance is -0.2 % [Uptrend]

[BULLISH]: Fortis Inc opening price has gapped up. Currently, the OPEN is $46.47 (-0.2 %).

Elders Force Index /
Fortis Inc: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Fortis Inc current price has highlighted recent buying pressure. Currently, the Elders Force Index is 106074.

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CMF has a positive momentum of the acc/dist line
Chaikin Money Flow /
CMF has a positive momentum of the acc/dist line

FTS: Chaikin Oscillator Recent Trading -> (1) 19 Oct: 0.15 (2) 18 Oct: 0.1 (3) 17 Oct: 0.14

[Downtrend]: Average True Range (0.441) downtrend has been confirmed for FTS
Average True Range /
[Downtrend]: Average True Range (0.441) downtrend has been confirmed for FTS

[Bearish]: Average True Range has confirmed an downtrend is present. Fortis Inc has a TR of 0.42, and an ATR(14) of 0.441.

Closing Price /
FTS: Closing price of $46.78 (0.8 %)

[BULLISH]: Fortis Inc current uptrend in the first timeframe. Currently, the Close is $46.78.

Rate of Change /
ROC continues to rise for Fortis Inc signalling an uptrend will persist

FTS: ROC Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Accumulation / Distribution /
Distribution still active for Fortis Inc

FTS: ADLINE Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH

Recent trading for Fortis Inc has surpassed the previous price range ($0.36)
Price Range /
Recent trading for Fortis Inc has surpassed the previous price range ($0.36)

[BULLISH]: Fortis Inc current uptrend in the first timeframe. Currently, the Range is $0.36.

Envelope bands Oversold signal is still current for Fortis Inc [Bullish]
Moving Average Envelope /
Envelope bands Oversold signal is still current for Fortis Inc [Bullish]

FTS: Envelope Bands Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Demarks Pivot Points /
Fortis Inc: Look for a long limit order entry @$46.7275

Fortis Inc has broken the first DeMark resistance point ($46.7275) [Bullish]. Look for a long limit order entry near this point. Exit price for FTS should be set @$46.985 & Stoploss for Fortis Inc should be set at $46.625

Detrended Price Oscillator /
Bullish trading conditions for Fortis Inc has been signalled from the DPO (1.8925)

[BULLISH]: Fortis Inc currently has a confirmed uptrend. Price is currently above the displaced moving average for FTSCurrently, the return on DPO20 is 0.8%.

TRADE /
Fortis Inc: Market Cap ($19.55B)

Fortis Inc key financial metrics: (1) MCAP: $19.55B (2) Shares: 417899000 (3) Free Float: 414932000

Continuation of the overbought CCI signal for Fortis Inc
Commodity Channel Index /
Continuation of the overbought CCI signal for Fortis Inc

[BEARISH]: Fortis Inc current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 170. FTS received a confirmed CCI crossover on the Oct 6 2017.The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 208.

Market conditions are indicating DVI accumulation is current for FTS
Daily Volume Index /
Market conditions are indicating DVI accumulation is current for FTS

[BULLISH]: Fortis Inc current accumulation has given strength to the share price and the continuation of bullish trading conditions.

Fortis Inc: MACD oscillator (0.221000)
MACD /
Fortis Inc: MACD oscillator (0.221000)

[BULLISH]: Fortis Inc currently has positive MACD of 0.221000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 3.7%.

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Fortis Inc indicating upward price movement is likely

[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 0.8%.

Range Tod Vs Range Yest /
The biggest price range this month for FTS has been $2.38

FTS: Range today versus range yesterday Current Signal ->(1) 19 Oct: BULLISH (2) 18 Oct: BEARISH (3) 17 Oct: BEARISH

Stochastic Oscillator /
Stochastic overbought signal has just been neutralized for Fortis Inc

[BEARISH]: Fortis Inc is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

White Opening Marubozu /
FTS Basic Candle: White Opening Marubozu

FTS: Basic Candlestick Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BEARISH (3) 17 Oct: BULLISH

Operating profitability for Fortis Inc is now $3.23B
PROFIT /
Operating profitability for Fortis Inc is now $3.23B

Fortis Inc Key financial metrics: (1) Revenue: $7.87B (2) EBITDA: $3.23B (3) Price-Sales ratio: 2.46

Fortis Inc: Uptrend for the medium term trend is continued
Medium Trend /
Fortis Inc: Uptrend for the medium term trend is continued

[BULLISH]: Fortis Inc has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 13 2017.

Woodie Pivot Point /
Woodie pivot point for FTS is bullish. Stoploss should be positioned @$46.355

Fortis Inc current pivot point (Woodie) is: $46.715. The current resistance levels are: (R1) $46.96: (R2) $47.075The current support levels are: (S1) $46.6: (S2) $46.355

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