(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 2024-11-19 View latest technical analysis
10 day averaged volume of Formula Systems is 1000
| Date | Daily Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 82.73 | 82.73 | 82.73 | 82.73 | 0.3 times |
| 18 Mon Nov 2024 | 82.83 | 82.83 | 82.83 | 82.83 | 0.1 times |
| 14 Thu Nov 2024 | 80.05 | 80.05 | 80.05 | 80.05 | 0.5 times |
| 13 Wed Nov 2024 | 80.50 | 80.50 | 80.50 | 80.50 | 0.2 times |
| 12 Tue Nov 2024 | 81.20 | 78.00 | 81.20 | 77.50 | 1.3 times |
| 11 Mon Nov 2024 | 79.59 | 78.90 | 79.59 | 78.90 | 1.2 times |
| 07 Thu Nov 2024 | 87.50 | 87.70 | 87.70 | 87.50 | 0.5 times |
| 04 Mon Nov 2024 | 86.56 | 85.27 | 86.56 | 85.27 | 1 times |
| 01 Fri Nov 2024 | 84.44 | 84.44 | 84.44 | 84.44 | 0.1 times |
| 31 Thu Oct 2024 | 85.20 | 84.59 | 86.23 | 84.59 | 3.8 times |
My analysis of stock is bullish for shortterm, and stock might move up till 85.2 or till 89.4. Use a stoploss of 81.71 and if this stock hits its stoploss, then it can fall down till 78.21
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.28 |
| Downside Target | 71.96 |
| Downside Target | 74.22 |
| Downside Target | 77.50 |
| Downside Target | 80.00 |
| Upside Target | 83.56 |
| Upside Target | 85.27 |
| Upside Target | 87.10 |
| Upside Target | 87.50 |
| Upside Target | 87.70 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 82.7 |
| Downside Intraday Target | 82.66 |
| Upside Intraday Target | 82.8 |
| Upside Intraday Target | 82.86 |
| Upside Intraday Target | 82.76 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 19 Tue Nov 2024 | 82.73 | 82.83 | 82.83 | 82.73 | 0.125 times |
| 14 Thu Nov 2024 | 80.05 | 78.90 | 81.20 | 77.50 | 2.133 times |
| 07 Thu Nov 2024 | 87.50 | 85.27 | 87.70 | 85.27 | 0.259 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 |
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 |
| 19 Tue Nov 2024 | 82.73 | 84.44 | 87.70 | 77.50 | 0.553 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 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 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 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 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 SELL signal for Formula Systems in short term but the sell signal is initial and weak.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Formula Systems in short term and SELL 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 83.65 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 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 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 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 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 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 SELL signal for Formula Systems in short term but the sell signal is initial and weak.
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 green color and prices are above the green cloud Prices appear to be coming down
CCI has generated a SELL signal for Formula Systems in short term and SELL 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 83.65 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.