Fortis stalls after the rally
Fortis stock slips 3.1% as sellers retake control near the highs
Fortis stalls after the rally
Our view last week
Fortis carves out a double bottom in the 56 area with a 4% rebound and moves back within reach of its all-time highs, just 0.6% away. The week closes almost flat, but the weekly picture stays bullish: RSI at 61.7, MACD improving, and every structural moving average aligned. The buy signal that fired seven days ago is holding, even as the stock pushes against resistance already tested multiple times.
This week's summary
After last week's rebound, which had carried Fortis stock back within reach of its all-time highs, the tape flips: the week just closed sheds 3.1%, and sellers clearly retake control in the final session. The buy signal that fired two weeks ago is still holding in our weekly technical analysis, but signal strength drops to weak levels, and earnings are due today: caution is warranted.
IQS Phase
53
ordinary
Signal Strength
35
medium · weak
Sizing
REDUCED
Ranking
#97 / 120
US stocks in progress
Trade P&L %
-3.03%
from signal to date, no stop loss
Rank position
ranks 97th among the 120 Longs already running for US stocks in our ranking, with a signal strength of 35 out of 100.
Sector context
SectorUtilities
Benchmark ETFXLU
Sector regimeweak phase
Performanceweekly -4.19% · monthly -0.94%
FTS belongs to the utilities sector (reference ETF XLU). The sector is classified weak phase according to our weekly reading.
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