Stock Trend Analysis Report
Prepared for you on Thursday, February 23, 2017.
FORTIS INC (TSE:FTS)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for FTS
The long term trend has been DOWN since Nov 14th, 2016 at 40.13
The intermediate term trend has been UP since Dec 22nd, 2016 at 41.34
The short term trend has been DOWN since Feb 23rd, 2017 at 42.78
Smart Scan Analysis for FTS
Based on a pre-defined weighted trend formula for chart analysis, FTS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||43.5||Year High Date||2017-02-21|
|Year Low||40.59||Year Low Date||2017-01-11|
|52wk High||44.87||52wk High Date||2016-07-06|
|52wk Low||37.22||52wk Low Date||2016-02-29|
|Year End Close||34.22||Average Volume||964,432|