(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 2024-05-31 View latest technical analysis
10 day averaged volume of Formula Systems is 944
| Date | Daily Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 78.75 | 78.75 | 78.75 | 78.75 | 0.106 times |
| 30 Thu May 2024 | 80.00 | 79.95 | 80.00 | 79.95 | 0.636 times |
| 29 Wed May 2024 | 81.45 | 81.45 | 81.45 | 81.45 | 0.318 times |
| 23 Thu May 2024 | 78.22 | 80.41 | 81.20 | 78.22 | 2.542 times |
| 17 Fri May 2024 | 81.21 | 81.21 | 81.28 | 81.21 | 0.426 times |
| 16 Thu May 2024 | 82.20 | 83.24 | 84.60 | 82.20 | 2.996 times |
| 15 Wed May 2024 | 79.03 | 85.32 | 86.06 | 79.03 | 0.959 times |
| 13 Mon May 2024 | 82.78 | 82.78 | 82.78 | 82.78 | 0.318 times |
| 10 Fri May 2024 | 84.27 | 84.27 | 84.27 | 84.27 | 0.318 times |
| 09 Thu May 2024 | 84.12 | 81.47 | 84.22 | 81.47 | 0.953 times |
My analysis of stock is bullish for shortterm, and stock might move up till 81.8 or till 86.1. Use a stoploss of 78.25 and if this stock hits its stoploss, then it can fall down till 74.69
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 | 81.20 |
| Upside Target | 81.45 |
| 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 | 77.85 |
| Downside Intraday Target | 76.95 |
| Upside Intraday Target | 80.55 |
| Upside Intraday Target | 82.35 |
| Upside Intraday Target | 79.65 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 31 Fri May 2024 | 78.75 | 81.45 | 81.45 | 78.75 | 0.417 times |
| 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 |
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 |
| 31 Fri May 2024 | 78.75 | 73.05 | 86.06 | 73.00 | 1.541 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, and volume has increased substantially. This means that the move can 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 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 80.85 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
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 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 80.85 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.