(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 2024-09-23 View latest technical analysis
10 day averaged volume of Formula Systems is 321
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Mon Sep 2024 | 73.17 | 73.17 | 73.17 | 73.17 | 1.246 times |
| 20 Fri Sep 2024 | 70.52 | 70.52 | 70.52 | 70.52 | 0.623 times |
| 19 Thu Sep 2024 | 74.20 | 74.20 | 74.20 | 74.20 | 0.623 times |
| 17 Tue Sep 2024 | 73.28 | 73.28 | 73.28 | 73.28 | 1.869 times |
| 16 Mon Sep 2024 | 76.33 | 76.33 | 76.33 | 76.33 | 0.623 times |
| 13 Fri Sep 2024 | 76.90 | 76.87 | 76.90 | 76.86 | 1.558 times |
| 12 Thu Sep 2024 | 76.90 | 76.90 | 76.90 | 76.90 | 0.935 times |
| 10 Tue Sep 2024 | 74.89 | 74.24 | 74.89 | 74.24 | 1.246 times |
| 09 Mon Sep 2024 | 74.00 | 74.79 | 74.79 | 74.00 | 1.583 times |
| 06 Fri Sep 2024 | 78.71 | 78.71 | 78.71 | 78.71 | 0.623 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 73.3, but if it comes above 73.3, then a intra day buy could be more profitable.
If you take a sell trade below 73.3, then use 73.3 as stoploss and 70.9 as target. However if you take a buy trade in stock , then use 73.3 as stoploss and 75.23 as target.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.07 |
| Downside Target | 71.96 |
| Upside Target | 75.93 |
| Upside Target | 76.33 |
| Upside Target | 76.85 |
| Upside Target | 76.90 |
| Upside Target | 78.30 |
| Upside Target | 78.71 |
| Upside Target | 86.06 |
| Upside Target | 87.10 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 73.17 |
| Downside Intraday Target | 73.17 |
| Downside Intraday Target | 73.17 |
| Downside Intraday Target | 73.17 |
| Downside Intraday Target | 73.17 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Mon Sep 2024 | 73.17 | 73.17 | 73.17 | 73.17 | 0.333 times |
| 20 Fri Sep 2024 | 70.52 | 76.33 | 76.33 | 70.52 | 0.703 times |
| 13 Fri Sep 2024 | 76.90 | 74.79 | 76.90 | 74.00 | 3.416 times |
| 06 Fri Sep 2024 | 78.71 | 76.38 | 78.71 | 74.41 | 1.667 times |
| 28 Wed Aug 2024 | 76.85 | 75.93 | 76.85 | 75.93 | 1.5 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 |
| 23 Mon Sep 2024 | 73.17 | 76.38 | 78.71 | 70.52 | 0.349 times |
| 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 |
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 neutral. A longer time frame might give a better analysis.
Price action analysis of Formula Systems ( (FORTY) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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.
Formula Systems Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Formula Systems is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 74.76 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Formula Systems ( (FORTY) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.
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.
Formula Systems Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
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 but BUY signal is weak.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Formula Systems is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 74.76 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.