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(FortisMlr) Fortis Mlr complete technical analysis [charts+indicators] | Buy/Sell Fortis Mlr | (FortisMlr) share price targets

Complete technical analysis of Fortis Mlr (FortisMlr) by charts plus indicators, forecast predictions and share price targets for Fortis Mlr (FortisMlr)

Showing technical analysis as on 2024-09-23 View latest technical analysis

10 day averaged volume of Fortis Mlr is 27060

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	59.64	58.50	60.98	58.50	0.688 times
20 Fri Sep 2024	59.75	60.79	60.79	58.60	1.098 times
19 Thu Sep 2024	59.78	61.50	61.50	59.00	0.563 times
18 Wed Sep 2024	59.81	60.00	60.00	59.30	0.559 times
17 Tue Sep 2024	60.29	60.49	60.65	58.60	1.203 times
16 Mon Sep 2024	59.50	60.20	60.80	59.01	0.952 times
13 Fri Sep 2024	59.73	60.24	60.24	59.01	0.571 times
12 Thu Sep 2024	59.75	60.20	60.20	58.80	0.58 times
11 Wed Sep 2024	59.14	59.89	60.00	58.51	0.957 times
10 Tue Sep 2024	59.47	60.00	61.00	58.00	2.334 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 59.5 as stoploss in an intra day buy trade for a target of 60.39. However, stock will show a bearish move below 59.5.

Share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Target	55.00
Downside Target	58.00
Upside Target	61.50
Upside Target	62.00
Upside Target	62.40
Upside Target	62.65
Upside Target	67.00
Upside Target	67.70
Upside Target	78.78
Upside Target	89.19

Intraday share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Intraday Target	58.43
Downside Intraday Target	57.23
Upside Intraday Target	60.91
Upside Intraday Target	62.19
Upside Intraday Target	59.71

Weekly technical analysis of Fortis Mlr (FortisMlr)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	59.64	58.50	60.98	58.50	0.157 times
20 Fri Sep 2024	59.75	60.20	61.50	58.60	0.778 times
13 Fri Sep 2024	59.73	62.00	62.00	58.00	1.085 times
06 Fri Sep 2024	60.10	61.00	62.40	59.00	1.258 times
30 Fri Aug 2024	61.49	62.20	62.65	60.00	0.923 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Fortis Mlr (FortisMlr)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	59.64	61.00	62.40	58.00	0.713 times
30 Fri Aug 2024	61.49	64.90	67.00	59.05	0.737 times
31 Wed Jul 2024	64.49	62.70	67.70	60.51	0.685 times
28 Fri Jun 2024	63.97	59.62	78.78	55.00	2.333 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Fortis Mlr (FortisMlr)

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Fortis Mlr ( (FortisMlr) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Fortis Mlr stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Fortis Mlr in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Fortis Mlr Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Fortis Mlr in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Fortis Mlr is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.66 and Fortis Mlr (FortisMlr) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Fortis Mlr (FortisMlr) stock. Volume based technical analysis of Fortis Mlr (FortisMlr) stock is negative.

Fortis Mlr Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.