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(FORTY) Formula Systems complete technical analysis [charts+indicators] | Buy/Sell Formula Systems | (FORTY) share price targets

Complete technical analysis of Formula Systems (FORTY) by charts plus indicators, forecast predictions and share price targets for Formula Systems (FORTY)

Formula Systems trades in USA in Technology sector.

10 day averaged volume of Formula Systems is 540

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	87.27	87.00	87.27	87.00	0.37 times
26 Tue Nov 2024	87.27	87.00	87.27	87.00	0.37 times
19 Tue Nov 2024	82.73	82.73	82.73	82.73	0.556 times
18 Mon Nov 2024	82.83	82.83	82.83	82.83	0.185 times
14 Thu Nov 2024	80.05	80.05	80.05	80.05	0.926 times
13 Wed Nov 2024	80.50	80.50	80.50	80.50	0.37 times
12 Tue Nov 2024	81.20	78.00	81.20	77.50	2.407 times
11 Mon Nov 2024	79.59	78.90	79.59	78.90	2.222 times
07 Thu Nov 2024	87.50	87.70	87.70	87.50	0.926 times
04 Mon Nov 2024	86.56	85.27	86.56	85.27	1.852 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 86.3, but if it comes below 86.3, then a intra day sell could be more profitable.
If you take a sell trade below 86.3, then use 86.3 as stoploss and 82.64 as target. However if you take a buy trade in stock , then use 86.3 as stoploss and 90.6 as target.

Share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Target	69.28
Downside Target	71.96
Downside Target	74.22
Downside Target	77.50
Downside Target	80.00
Downside Target	85.27
Downside Target	87.00
Downside Target	87.10
Downside Target	87.27
Upside Target	87.50
Upside Target	87.70

Intraday share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Intraday Target	87.09
Downside Intraday Target	86.91
Upside Intraday Target	87.36
Upside Intraday Target	87.45
Downside Intraday Target	87.18

Weekly technical analysis of Formula Systems (FORTY)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	87.27	87.00	87.27	87.00	1 times
26 Tue Nov 2024	87.27	87.00	87.27	87.00	0.5 times
19 Tue Nov 2024	82.73	82.83	82.83	82.73	0.125 times
14 Thu Nov 2024	80.05	78.90	81.20	77.50	2.133 times
07 Thu Nov 2024	87.50	85.27	87.70	85.27	0.259 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Formula Systems (FORTY)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	87.27	84.44	87.70	77.50	0.596 times
31 Thu Oct 2024	85.20	80.00	87.50	74.22	0.903 times
30 Mon Sep 2024	80.00	76.38	80.00	70.52	0.954 times
28 Wed Aug 2024	76.85	77.76	78.30	69.28	0.782 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Formula Systems (FORTY)

Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Formula Systems ( (FORTY) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Formula Systems ( (FORTY) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Formula Systems stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Formula Systems in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Formula Systems Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Formula Systems in short term

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Formula Systems is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 82.82 and Formula Systems (FORTY) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Formula Systems (FORTY) stock. Volume based technical analysis of Formula Systems (FORTY) stock is negative.

Formula Systems Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.