(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 2024-08-15 View latest technical analysis
10 day averaged volume of Formula Systems is 2268
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 75.70 | 75.70 | 75.70 | 75.70 | 0.044 times |
| 13 Tue Aug 2024 | 74.00 | 74.14 | 74.14 | 74.00 | 0.397 times |
| 09 Fri Aug 2024 | 75.69 | 74.50 | 75.69 | 74.23 | 1.014 times |
| 07 Wed Aug 2024 | 72.30 | 72.30 | 72.30 | 72.30 | 0.265 times |
| 06 Tue Aug 2024 | 71.12 | 69.28 | 71.12 | 69.28 | 0.163 times |
| 02 Fri Aug 2024 | 73.50 | 74.90 | 74.90 | 73.50 | 1.828 times |
| 01 Thu Aug 2024 | 74.99 | 77.76 | 77.76 | 74.67 | 0.794 times |
| 31 Wed Jul 2024 | 78.42 | 78.24 | 78.42 | 78.20 | 0.265 times |
| 30 Tue Jul 2024 | 80.00 | 81.25 | 81.61 | 78.99 | 4.35 times |
| 29 Mon Jul 2024 | 82.99 | 82.82 | 83.00 | 82.65 | 0.573 times |
My analysis of stock is bearish for shortterm, and stock might move down till 71.6 or till 66.5. Use a stoploss of 75.88 and if the stock hits stoploss, then it can shoot up till 80.14
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.07 |
| Downside Target | 71.96 |
| Downside Target | 75.69 |
| Upside Target | 77.76 |
| Upside Target | 80.21 |
| Upside Target | 83.00 |
| Upside Target | 83.09 |
| Upside Target | 85.89 |
| Upside Target | 86.06 |
| Upside Target | 87.10 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 74.57 |
| Downside Intraday Target | 73.43 |
| Upside Intraday Target | 76.27 |
| Upside Intraday Target | 76.83 |
| Downside Intraday Target | 75.13 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Thu Aug 2024 | 75.70 | 74.14 | 75.70 | 74.00 | 0.306 times |
| 09 Fri Aug 2024 | 75.69 | 69.28 | 75.69 | 69.28 | 0.185 times |
| 02 Fri Aug 2024 | 73.50 | 82.82 | 83.00 | 73.50 | 22.14 times |
| 23 Tue Jul 2024 | 87.10 | 85.89 | 87.10 | 85.89 | 4.211 times |
| 17 Wed Jul 2024 | 80.21 | 80.21 | 80.21 | 80.21 | 0.19 times |
Price has moved up 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 |
| 15 Thu Aug 2024 | 75.70 | 77.76 | 77.76 | 69.28 | 0.732 times |
| 31 Wed Jul 2024 | 78.42 | 71.96 | 87.10 | 71.96 | 12.687 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 |
Scroll below to view daily charts
Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Formula Systems ( (FORTY) ) based on a short to mid 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.
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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Formula Systems in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Formula Systems Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
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 but BUY signal is weak.
RSI is generating a BUY signal in short term but buying 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 77.42 and Formula Systems (FORTY) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Formula Systems ( (FORTY) ) based on a short to mid 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.
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 SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Formula Systems in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Formula Systems Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!
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 but BUY signal is weak.
RSI is generating a BUY signal in short term but buying 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 77.42 and Formula Systems (FORTY) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.