FORTIS INC Technical Analysis (NYSE:FTS)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The FTS stock chart pattern can give those who understand technical analysis an indication of which way FTS stock is headed, but cannot predict with 100% certainty as to what can happen to the FORTIS INC stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for FORTIS INC. Technical analysis uses an approach for FORTIS INC stock analysis that does not care for the fair value of a company but uses price and volume data only.
FORTIS INC Moving Average
Moving averages help predict the price direction of FTS stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $32.61 is below the price of $32.82.
FORTIS INC Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like FORTIS INC. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $32.82 is in the upper range of FORTIS INC bollinger bands.
FORTIS INC Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The FORTIS INC MACD indicator is below 0 indicating a bearish trend.
FORTIS INC Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of FTS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.