(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.
Showing technical analysis as on 2024-07-10 View latest technical analysis
10 day averaged volume of Formula Systems is 230
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Wed Jul 2024 | 78.65 | 78.65 | 78.65 | 78.65 | 0.435 times |
| 09 Tue Jul 2024 | 78.00 | 76.61 | 78.00 | 76.61 | 2.174 times |
| 08 Mon Jul 2024 | 76.20 | 76.20 | 76.20 | 76.20 | 1.739 times |
| 01 Mon Jul 2024 | 71.96 | 71.96 | 71.96 | 71.96 | 0.87 times |
| 17 Mon Jun 2024 | 72.00 | 71.23 | 72.00 | 71.23 | 1.304 times |
| 12 Wed Jun 2024 | 72.55 | 69.88 | 72.55 | 69.88 | 0.87 times |
| 11 Tue Jun 2024 | 71.56 | 71.56 | 71.56 | 71.56 | 0.435 times |
| 10 Mon Jun 2024 | 70.69 | 70.69 | 70.69 | 70.69 | 0.435 times |
| 07 Fri Jun 2024 | 69.07 | 69.07 | 69.07 | 69.07 | 0.435 times |
| 05 Wed Jun 2024 | 71.40 | 71.40 | 71.40 | 71.40 | 1.304 times |
My analysis of stock is bullish for shortterm, and stock might move up till 82 or till 87.7. Use a stoploss of 77.21 and if this stock hits its stoploss, then it can fall down till 72.43
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.07 |
| Downside Target | 72.55 |
| Downside Target | 73.00 |
| Downside Target | 74.51 |
| Downside Target | 76.20 |
| Downside Target | 78.65 |
| Upside Target | 83.09 |
| Upside Target | 83.19 |
| Upside Target | 86.06 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 77.02 |
| Downside Intraday Target | 75.38 |
| Upside Intraday Target | 79.47 |
| Upside Intraday Target | 80.28 |
| Downside Intraday Target | 77.83 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Wed Jul 2024 | 78.65 | 76.20 | 78.65 | 76.20 | 5 times |
| 01 Mon Jul 2024 | 71.96 | 71.96 | 71.96 | 71.96 | 0.667 times |
| 17 Mon Jun 2024 | 72.00 | 71.23 | 72.00 | 71.23 | 0.75 times |
| 12 Wed Jun 2024 | 72.55 | 70.69 | 72.55 | 69.88 | 1 times |
| 07 Fri Jun 2024 | 69.07 | 71.40 | 71.40 | 69.07 | 0.4 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Formula Systems (FORTY)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 10 Wed Jul 2024 | 78.65 | 71.96 | 78.65 | 71.96 | 1.091 times |
| 17 Mon Jun 2024 | 72.00 | 71.40 | 72.55 | 69.07 | 0.103 times |
| 31 Fri May 2024 | 78.75 | 73.05 | 86.06 | 73.00 | 1.541 times |
| 26 Fri Apr 2024 | 74.80 | 80.95 | 83.09 | 72.52 | 1.533 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Formula Systems ( (FORTY) ) based on a mid to longer 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.
ADX buy sell signal for Formula Systems stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term but the buy signal is initial and weak.
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 red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Formula Systems in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 74.09 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 falling down
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 has given negative 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.
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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
Price action analysis of Formula Systems ( (FORTY) ) based on a mid to longer 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.
ADX buy sell signal for Formula Systems stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term but the buy signal is initial and weak.
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 red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Formula Systems in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up 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 74.09 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 falling down
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 has given negative 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.