Fortum Oyj technical analysis
Technical analysis of Fortum Oyj (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Fortum Oyj
Fortum Oyj is a Finnish utility company that generates and sells electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally. Its activities include power generation from hydroelectric, nuclear, onshore wind, and solar sources, as well as district heating and cooling services, retail energy sales, and digital services for consumers. The company also operates in battery recycling and industrial site development.
Description generated automatically from public sources; it may be inaccurate or out of date.
Fortum Oyj: latest session data
Closing values for October 19, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
23.47 €
−1.80%
50 sessions
22.30 €
+3.35%
200 sessions
20.62 €
+11.77%
Session levels
s2
22.52
Support
s1
22.79
Support
pivot
23.18
Pivot
r1
23.45
Resistance
r2
23.84
Resistance
How to read it
In the October 19, 2026 session Fortum Oyj closed lower at 23.05 €, −0.04% versus the previous session.
The price sits mixed against its moving averages: −1.80% against the 21-session average, +3.35% against the 50 and +11.77% against the 200.
The 14-period RSI reads 49.0, in neutral territory.
MACD stands at 0.164 against a signal line at 0.315: the histogram is negative (−0.152).
ADX reads 17.1, indicating weak directionality.
Levels computed on the latest session place supports at 22.79 and 22.52 € and resistances at 23.45 and 23.84 €, around a pivot of 23.18.
The average daily range (ATR) is 0.563 €, or 2.44% of price.
Turnover was 836.1K shares, 85% of the 20-session average.
Over the last twelve months the price ranged between 19.07 and 25.84 €, and today stands −10.80% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Fortum Oyj
How is Fortum Oyj analysed technically?
Technical analysis of Fortum Oyj is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Fortum Oyj?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Fortum Oyj?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Fortum Oyj it helps frame the technical structure of the historical chart and is not a forecast.
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