Fortis's 15-minute chart triggers KDJ Golden Cross, bullish Marubozu pattern.

Based on the 15-minute chart of Fortis, a bullish trend has been identified, as the KDJ Golden Cross and Bullish Marubozu indicators were triggered on July 17, 2025 at 10:30. This suggests that the momentum of the stock price is shifting towards an upward trend, with a potential for further increases. The current market control is dominated by buyers, and it is likely that the bullish momentum will continue.

Fortis (TSX: FTS) experienced a significant technical indicator activation on July 17, 2025, at 10:30, which could signal a positive shift in its stock price momentum. According to a 15-minute chart analysis, the KDJ Golden Cross was triggered, accompanied by a Bullish Marubozu candlestick pattern. These indicators suggest that the stock's price is likely to continue its upward trend.

The KDJ Golden Cross is a bullish reversal signal that occurs when the K line crosses above the D line in the KDJ indicator. This pattern historically signals a potential upward momentum shift and is often interpreted as a buy signal. The Bullish Marubozu pattern, characterized by a large body with no upper or lower shadows, indicates strong buying pressure and a shift in momentum. The absence of upper and lower shadows suggests that the price moved consistently in one direction without any resistance or support, further confirming the dominance of buyers in the market.

The combination of the KDJ Golden Cross and the Bullish Marubozu pattern suggests that Fortis is likely to continue its upward trend. The dominance of buyers in the market, as evidenced by the lack of resistance, suggests that this momentum is likely to persist. However, with a 92% surge in a week, a pause or small correction wouldn't be a surprise. Traders and investors will be closely monitoring the stock to see if it can push past its recent highs or if it takes a breather first.

Institutional investors have also shown interest in Fortis. According to its most recent Form 13F filing, Alps Advisors Inc. purchased a new position in the company during the first quarter, buying 2,910 shares valued at approximately $368,000. Other institutional investors, such as Principal Financial Group Inc., GAMMA Investing LLC, and Versant Capital Management Inc., also increased their holdings in Fortis during the first quarter, indicating growing confidence in the company's prospects.

While the recent technical indicators suggest a bullish trend, it is essential to monitor the stock closely to see if the upward momentum holds. Investors should be aware of potential corrections and continue to evaluate the company's fundamentals and broader market conditions.

References:
[1] https://www.ainvest.com/news/world-acceptance-15min-chart-triggers-kdj-golden-cross-bullish-marubozu-formation-2507/
[2] https://ca.finance.yahoo.com/news/tfsa-income-2-canadian-stocks-014500383.html
[3] https://www.ainvest.com/news/venture-global-plaquemines-phase-2-masterclass-lng-profit-maximization-2507/