(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 2024-05-23 View latest technical analysis
10 day averaged volume of Formula Systems is 724
| Date | Daily Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 78.22 | 80.41 | 81.20 | 78.22 | 3.315 times |
| 17 Fri May 2024 | 81.21 | 81.21 | 81.28 | 81.21 | 0.555 times |
| 16 Thu May 2024 | 82.20 | 83.24 | 84.60 | 82.20 | 3.906 times |
| 15 Wed May 2024 | 79.03 | 85.32 | 86.06 | 79.03 | 1.25 times |
| 13 Mon May 2024 | 82.78 | 82.78 | 82.78 | 82.78 | 0.414 times |
| 10 Fri May 2024 | 84.27 | 84.27 | 84.27 | 84.27 | 0.414 times |
| 09 Thu May 2024 | 84.12 | 81.47 | 84.22 | 81.47 | 1.243 times |
| 08 Wed May 2024 | 80.44 | 78.82 | 80.44 | 78.82 | 0.691 times |
| 03 Fri May 2024 | 76.80 | 75.31 | 76.80 | 75.31 | 0.691 times |
| 02 Thu May 2024 | 75.00 | 75.00 | 75.00 | 75.00 | 0.276 times |
Stock of Formula Systems (FORTY) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bullish for shortterm, and stock might move up till 81.6 or till 85.8. Use a stoploss of 78.07 and if this stock hits its stoploss, then it can fall down till 74.57
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 |
| Upside Target | 79.03 |
| Upside Target | 81.20 |
| 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 | 77.23 |
| Downside Intraday Target | 76.23 |
| Upside Intraday Target | 80.21 |
| Upside Intraday Target | 82.19 |
| Upside Intraday Target | 79.21 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 23 Thu May 2024 | 78.22 | 80.41 | 81.20 | 78.22 | 0.541 times |
| 17 Fri May 2024 | 81.21 | 82.78 | 86.06 | 79.03 | 2.609 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 |
Price has moved down 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 Thu May 2024 | 78.22 | 73.05 | 86.06 | 73.00 | 1.396 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining 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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below 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 BUY signal in short term but buying 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 80.54 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining 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. Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of green color and prices are in or below 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 BUY signal in short term but buying 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 80.54 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 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.