Fortis Inc-Canada (FTS) Technical Analysis

Fortis Inc. (FTS) is a Canadian utility holding company that provides electric and gas services to customers in Canada, the United States, and the Caribbean. In this technical analysis of FTS stock, we will examine various indicators and metrics to gain insights into the stock's potential future performance. One of the key indicators we will look at is the Relative Strength Index (RSI), which measures the speed and change of price movements. Currently, FTS has an RSI of 65.34, indicating that the stock is neither overbought nor oversold. This suggests a balanced market for FTS shares.

Another important indicator to consider is the Average Directional Index (ADX), which measures the strength of a trend. For FTS stock, the ADX is currently at 31.79, indicating a moderately strong trend. Additionally, the Moving Average Convergence Divergence (MACD) indicator, which combines trend-following and momentum signals, shows a bullish signal for FTS. The MACD line has crossed above the signal line, suggesting a potential buying opportunity.