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Fortis Inc.: fresh sell signal near all-time highs, but trading not recommended

Fortis Inc. receives a fresh sell signal in week one, ranked 28th among 80 US sell signals. Quality band flags trading as not recommended: the stock is range-trapped near all-time highs with elevated opening risk.

In Summary
Fortis Inc. enters week one of a sell signal, ranked 28th among 80 US short signals with a strength of 24 out of 100. The technical picture is mixed: MACD still in negative territory, but weekly structure is bullish with warnings. The quality band flags trading as not recommended — the stock is range-trapped near all-time highs, with elevated opening risk per our model.
Fresh sell signal ·1st week from start ·US stocks ·T2
IQS Phase
62
ordinary
Signal Strength
24
low · fading
Sizing
MINIMUM
Ranking
#28 / 80
New us stocks
Chart · Weekly — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
The full analysis, operating plan and detailed levels on this asset are reserved for clients ★ PLATINUM
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