(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 2024-05-16 View latest technical analysis
10 day averaged volume of Formula Systems is 441
| Date | Daily Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 82.20 | 83.24 | 84.60 | 82.20 | 6.413 times |
| 15 Wed May 2024 | 79.03 | 85.32 | 86.06 | 79.03 | 2.052 times |
| 13 Mon May 2024 | 82.78 | 82.78 | 82.78 | 82.78 | 0.68 times |
| 10 Fri May 2024 | 84.27 | 84.27 | 84.27 | 84.27 | 0.68 times |
| 09 Thu May 2024 | 84.12 | 81.47 | 84.22 | 81.47 | 2.041 times |
| 08 Wed May 2024 | 80.44 | 78.82 | 80.44 | 78.82 | 1.134 times |
| 03 Fri May 2024 | 76.80 | 75.31 | 76.80 | 75.31 | 1.134 times |
| 02 Thu May 2024 | 75.00 | 75.00 | 75.00 | 75.00 | 0.454 times |
| 01 Wed May 2024 | 73.00 | 73.05 | 73.05 | 73.00 | 0.907 times |
| 26 Fri Apr 2024 | 74.80 | 72.52 | 74.80 | 72.52 | 0.68 times |
Stock of Formula Systems (FORTY) has showed a significant upmove. This could be a good time to enter in this stock!
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 81.8, but if it comes below 81.8, then a intra day sell could be more profitable.
If you take a sell trade below 81.8, then use 81.8 as stoploss and 78.15 as target. However if you take a buy trade in stock , then use 81.8 as stoploss and 86.1 as target.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 60.39 |
| Downside Target | 65.83 |
| Downside Target | 72.52 |
| Downside Target | 74.51 |
| Downside Target | 76.80 |
| Downside Target | 78.82 |
| Downside Target | 79.03 |
| Upside Target | 83.09 |
| Upside Target | 83.19 |
| Upside Target | 84.27 |
| Upside Target | 86.06 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 78.8 |
| Downside Intraday Target | 75.4 |
| Upside Intraday Target | 85.83 |
| Upside Intraday Target | 89.46 |
| Upside Intraday Target | 82.43 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 82.20 | 82.78 | 86.06 | 79.03 | 2.372 times |
| 10 Fri May 2024 | 84.27 | 78.82 | 84.27 | 78.82 | 1.545 times |
| 03 Fri May 2024 | 76.80 | 73.05 | 76.80 | 73.00 | 1.375 times |
| 26 Fri Apr 2024 | 74.80 | 75.00 | 75.00 | 72.52 | 0.727 times |
| 17 Wed Apr 2024 | 74.15 | 77.26 | 77.26 | 72.66 | 0.5 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Formula Systems (FORTY)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 16 Thu May 2024 | 82.20 | 73.05 | 86.06 | 73.00 | 0.99 times |
| 26 Fri Apr 2024 | 74.80 | 80.95 | 83.09 | 72.52 | 1.533 times |
| 22 Fri Mar 2024 | 83.01 | 78.13 | 83.19 | 74.51 | 0.833 times |
| 29 Thu Feb 2024 | 76.76 | 68.90 | 76.99 | 65.83 | 1.227 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Formula Systems stock for short term is BUY. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 BUY signal in short term and the buying is gaining 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 80.62 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Formula Systems stock for short term is BUY. Signal strength is Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 BUY signal in short term and the buying is gaining 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 80.62 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.