(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 2024-08-28 View latest technical analysis
10 day averaged volume of Formula Systems is 1082
| Date | Daily Closing Price | Open | High | Low | Volume |
| 28 Wed Aug 2024 | 76.85 | 76.85 | 76.85 | 76.85 | 0.092 times |
| 26 Mon Aug 2024 | 75.93 | 75.93 | 75.93 | 75.93 | 0.185 times |
| 20 Tue Aug 2024 | 76.06 | 76.06 | 76.06 | 76.06 | 0.185 times |
| 16 Fri Aug 2024 | 78.30 | 78.30 | 78.30 | 78.30 | 0.185 times |
| 15 Thu Aug 2024 | 75.70 | 75.70 | 75.70 | 75.70 | 0.092 times |
| 13 Tue Aug 2024 | 74.00 | 74.14 | 74.14 | 74.00 | 0.832 times |
| 09 Fri Aug 2024 | 75.69 | 74.50 | 75.69 | 74.23 | 2.126 times |
| 07 Wed Aug 2024 | 72.30 | 72.30 | 72.30 | 72.30 | 0.555 times |
| 06 Tue Aug 2024 | 71.12 | 69.28 | 71.12 | 69.28 | 0.341 times |
| 02 Fri Aug 2024 | 73.50 | 74.90 | 74.90 | 73.50 | 3.832 times |
My analysis of stock is bearish for shortterm, and stock might move down till 73.2 or till 68.7. Use a stoploss of 76.9 and if the stock hits stoploss, then it can shoot up till 80.63
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.07 |
| Downside Target | 71.96 |
| Downside Target | 75.69 |
| Downside Target | 76.06 |
| Downside Target | 76.85 |
| Upside Target | 78.30 |
| Upside Target | 83.00 |
| Upside Target | 83.09 |
| Upside Target | 86.06 |
| Upside Target | 87.10 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 76.24 |
| Downside Intraday Target | 75.62 |
| Upside Intraday Target | 77.16 |
| Upside Intraday Target | 77.46 |
| Downside Intraday Target | 76.54 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 28 Wed Aug 2024 | 76.85 | 75.93 | 76.85 | 75.93 | 1.5 times |
| 20 Tue Aug 2024 | 76.06 | 76.06 | 76.06 | 76.06 | 0.167 times |
| 16 Fri Aug 2024 | 78.30 | 74.14 | 78.30 | 74.00 | 0.367 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 |
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 |
| 28 Wed Aug 2024 | 76.85 | 77.76 | 78.30 | 69.28 | 0.782 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 below 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 BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 74.2 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 is giving positive 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 below 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 BUY signal in short term but buying is losing momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling 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 74.2 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 is giving positive 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.