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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 2024-11-29 View latest technical analysis

10 day averaged volume of Fortis Mlr is 16323

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	54.87	53.90	55.92	53.60	1.725 times
28 Thu Nov 2024	53.98	54.20	54.40	53.30	1.279 times
27 Wed Nov 2024	53.79	54.40	54.40	53.30	0.795 times
26 Tue Nov 2024	53.74	54.75	54.75	53.37	0.972 times
25 Mon Nov 2024	54.03	53.40	54.49	53.10	1.16 times
22 Fri Nov 2024	52.95	53.50	54.00	52.52	1.218 times
21 Thu Nov 2024	53.03	54.10	54.10	52.31	0.89 times
19 Tue Nov 2024	53.50	53.89	53.89	52.80	0.603 times
18 Mon Nov 2024	53.06	53.25	53.35	52.00	0.866 times
14 Thu Nov 2024	52.46	53.25	53.80	52.11	0.838 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 54.6, but if it comes below 54.6, then a intra day sell could be more profitable.
If you take a sell trade below 54.6, then use 54.6 as stoploss and 53.74 as target. However if you take a buy trade in stock , then use 54.6 as stoploss and 55.5 as target.

Share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Target	51.01
Upside Target	55.90
Upside Target	56.00
Upside Target	58.00
Upside Target	59.05
Upside Target	59.65
Upside Target	60.51
Upside Target	62.40
Upside Target	67.00
Upside Target	67.70

Intraday share price targets for Fortis Mlr (FortisMlr)

Target Type	Value
Downside Intraday Target	53.34
Downside Intraday Target	51.81
Upside Intraday Target	56.16
Upside Intraday Target	57.45
Downside Intraday Target	54.63

Weekly technical analysis of Fortis Mlr (FortisMlr)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	54.87	53.40	55.92	53.10	1.658 times
22 Fri Nov 2024	52.95	53.25	54.10	52.00	0.864 times
14 Thu Nov 2024	52.46	52.55	54.50	51.45	0.402 times
08 Fri Nov 2024	53.59	53.20	55.90	52.40	1.037 times
01 Fri Nov 2024	55.84	55.97	56.00	51.27	1.628 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Fortis Mlr (FortisMlr)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	54.87	56.00	56.00	51.45	0.701 times
31 Thu Oct 2024	54.35	59.45	59.65	51.01	1.052 times
30 Mon Sep 2024	59.06	61.00	62.40	58.00	0.924 times
30 Fri Aug 2024	61.49	64.90	67.00	59.05	0.737 times

Scroll below to view daily charts

Price has moved up 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 to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Fortis Mlr in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 53.67 and Fortis Mlr (FortisMlr) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.