Technical Analysis for FTS - Fortis Inc.

Grade Last Price % Change Price Change
D 39.06 -0.66% -0.26
FTS closed down 0.66 percent on Friday, April 26, 2024, on 59 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 1
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Up

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
Cup with Handle Other 0.00%
Weak + Overbought Other 0.00%
Weak, Overbought and Reversal Signs Reversal 0.00%
Overbought Stochastic Strength 0.00%
20 DMA Support Bullish -0.66%
50 DMA Support Bullish -0.66%
Expansion Pivot Buy Setup Bullish Swing Setup -0.66%
Cup with Handle Other -0.66%

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Profile

Fortis Inc. Description

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 417,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county approximately 94,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,799 megawatts (MW) comprising 54 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 982,000 customers in approximately 135 communities in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 539,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 262,000 customers with an installed generating capacity of 139 MW, including 97 MW is hydroelectric generation; and on Prince Edward Island serving approximately 78,000 customers through generating facilities with a combined capacity of 150 MW. Additionally, it provides integrated electric utility service to approximately 65,000 customers in Fort Erie, Cornwall, Gananoque, Port Colborne and the District of Algoma in Ontario; approximately 28,000 customers on Grand Cayman, Cayman Islands; and approximately 14,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize. Fortis Inc. was founded in 1977 and is based in St. John's, Canada.


Classification

Sector: Utilities
Industry: Utilities - Regulated Electric
Keywords: Natural Gas Electricity Electric Power S&P/Tsx 60 Index Electric Utility Gas Utility Electricity Distribution Wholesale Electricity

Is FTS a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 44.8029
52 Week Low 35.5223
Average Volume 880,937
200-Day Moving Average 39.50
50-Day Moving Average 39.08
20-Day Moving Average 38.63
10-Day Moving Average 38.45
Average True Range 0.56
RSI (14) 53.49
ADX 19.32
+DI 22.89
-DI 25.40
Chandelier Exit (Long, 3 ATRs) 37.97
Chandelier Exit (Short, 3 ATRs) 38.55
Upper Bollinger Bands 40.05
Lower Bollinger Band 37.21
Percent B (%b) 0.65
BandWidth 7.36
MACD Line -0.05
MACD Signal Line -0.21
MACD Histogram 0.1553
Fundamentals Value
Market Cap 19.16 Billion
Num Shares 491 Million
EPS 2.30
Price-to-Earnings (P/E) Ratio 16.98
Price-to-Sales 1.68
Price-to-Book 1.30
PEG Ratio 2.62
Dividend 2.29
Dividend Yield 5.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.77
Resistance 3 (R3) 39.82 39.63 39.65
Resistance 2 (R2) 39.63 39.45 39.61 39.61
Resistance 1 (R1) 39.35 39.34 39.25 39.30 39.57
Pivot Point 39.16 39.16 39.11 39.14 39.16
Support 1 (S1) 38.88 38.98 38.78 38.83 38.55
Support 2 (S2) 38.69 38.87 38.67 38.51
Support 3 (S3) 38.41 38.69 38.47
Support 4 (S4) 38.36