(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 2024-11-04 View latest technical analysis
10 day averaged volume of Formula Systems is 780
| Date | Daily Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 86.56 | 85.27 | 86.56 | 85.27 | 1.282 times |
| 01 Fri Nov 2024 | 84.44 | 84.44 | 84.44 | 84.44 | 0.128 times |
| 31 Thu Oct 2024 | 85.20 | 84.59 | 86.23 | 84.59 | 4.872 times |
| 30 Wed Oct 2024 | 86.99 | 87.00 | 87.50 | 86.99 | 1.667 times |
| 29 Tue Oct 2024 | 83.93 | 83.93 | 83.93 | 83.93 | 0.256 times |
| 28 Mon Oct 2024 | 83.56 | 83.56 | 83.56 | 83.56 | 0.513 times |
| 25 Fri Oct 2024 | 82.02 | 82.02 | 82.02 | 82.02 | 0.256 times |
| 22 Tue Oct 2024 | 81.99 | 82.00 | 82.00 | 81.99 | 0.897 times |
| 17 Thu Oct 2024 | 78.00 | 78.00 | 78.00 | 78.00 | 0.513 times |
| 16 Wed Oct 2024 | 76.95 | 76.61 | 76.95 | 76.61 | 0.641 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 84.1, but if it comes below 84.1, then a intra day sell could be more profitable.
If you take a sell trade below 84.1, then use 84.1 as stoploss and 80.44 as target. However if you take a buy trade in stock , then use 84.1 as stoploss and 88.5 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 | 76.61 |
| Downside Target | 81.99 |
| Downside Target | 84.44 |
| Downside Target | 85.27 |
| Downside Target | 86.56 |
| Upside Target | 87.10 |
| Upside Target | 87.50 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 85.7 |
| Downside Intraday Target | 84.84 |
| Upside Intraday Target | 86.99 |
| Upside Intraday Target | 87.42 |
| Downside Intraday Target | 86.13 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 04 Mon Nov 2024 | 86.56 | 85.27 | 86.56 | 85.27 | 0.172 times |
| 01 Fri Nov 2024 | 84.44 | 83.56 | 87.50 | 83.56 | 6.444 times |
| 25 Fri Oct 2024 | 82.02 | 82.00 | 82.02 | 81.99 | 1 times |
| 17 Thu Oct 2024 | 78.00 | 76.61 | 78.00 | 76.61 | 1.8 times |
| 10 Thu Oct 2024 | 74.22 | 78.46 | 78.46 | 74.22 | 0.238 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 |
| 04 Mon Nov 2024 | 86.56 | 84.44 | 86.56 | 84.44 | 0.117 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 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 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 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 84.36 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.
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 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 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 tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are above the green 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 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 84.36 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.