Fortum (FORTUM.HEX)

Close: 21.22 (+0.13), Dec 11, 2019
Automatic technical analysis
Medium term
Recommendation one to six months
Hold

Low risk

Liquidity risk: LowVolatility risk: Low

Indicators 

Rising trend

Trend floor at 20.07 (-5.4%).
Trend ceiling at 22.74 (+7.2%).
Annualized rate of increase 16%.

Neutral volume balance

VolBal22: -19

Neutral momentum

RSI21: 50

Evolving formation

Head and Shoulders Pattern

Analyses


Short

Medium

Long

Overall

Automatic technical analysis. Medium term, Dec 11, 2019

Fortum shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. A head and shoulders formation is under development. A decisive break of the support at 21.14, ideally with an increase in volume, signals a further fall. The stock is testing the resistance at euro 21.30. This could give a negative reaction, but an upward breakthrough of euro 21.30 means a positive signal. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: -3)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.05%27.55+0.62%
5 days-46.353.38%26.76+0.76%
22 days-18.698.18%24.76+0.19%
66 days23.8414.46%28.02+4.53%

More analyses of Fortum

chart Fortum (FORTUM) Candlesticks 22 Days
Candlesticks
chart Fortum (FORTUM) Short term
Short term: Weak Negative
chart Fortum (FORTUM) Medium term
Medium term: Hold
chart Fortum (FORTUM) Long term
Long term: Hold




 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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