(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 2024-08-02 View latest technical analysis
10 day averaged volume of Formula Systems is 1576
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 73.50 | 74.90 | 74.90 | 73.50 | 2.631 times |
| 01 Thu Aug 2024 | 74.99 | 77.76 | 77.76 | 74.67 | 1.142 times |
| 31 Wed Jul 2024 | 78.42 | 78.24 | 78.42 | 78.20 | 0.381 times |
| 30 Tue Jul 2024 | 80.00 | 81.25 | 81.61 | 78.99 | 6.26 times |
| 29 Mon Jul 2024 | 82.99 | 82.82 | 83.00 | 82.65 | 0.825 times |
| 23 Tue Jul 2024 | 87.10 | 85.89 | 87.10 | 85.89 | 0.508 times |
| 17 Wed Jul 2024 | 80.21 | 80.21 | 80.21 | 80.21 | 0.121 times |
| 10 Wed Jul 2024 | 78.65 | 78.65 | 78.65 | 78.65 | 0.063 times |
| 09 Tue Jul 2024 | 78.00 | 76.61 | 78.00 | 76.61 | 0.317 times |
| 08 Mon Jul 2024 | 76.20 | 76.20 | 76.20 | 76.20 | 0.254 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 bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 71.8 as stoploss in an intra day buy trade for a target of 76.47. However, stock will show a bearish move below 71.8.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.07 |
| Downside Target | 71.96 |
| Upside Target | 76.20 |
| Upside Target | 77.76 |
| Upside Target | 80.21 |
| Upside Target | 83.00 |
| Upside Target | 83.09 |
| Upside Target | 85.89 |
| Upside Target | 86.06 |
| Upside Target | 87.10 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 70.33 |
| Downside Intraday Target | 67.17 |
| Upside Intraday Target | 79.83 |
| Upside Intraday Target | 86.17 |
| Upside Intraday Target | 76.67 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Fri Aug 2024 | 73.50 | 82.82 | 83.00 | 73.50 | 22.14 times |
| 23 Tue Jul 2024 | 87.10 | 85.89 | 87.10 | 85.89 | 4.211 times |
| 17 Wed Jul 2024 | 80.21 | 80.21 | 80.21 | 80.21 | 0.19 times |
| 10 Wed Jul 2024 | 78.65 | 76.20 | 78.65 | 76.20 | 5 times |
| 01 Mon Jul 2024 | 71.96 | 71.96 | 71.96 | 71.96 | 0.667 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 |
| 02 Fri Aug 2024 | 73.50 | 77.76 | 77.76 | 73.50 | 0.426 times |
| 31 Wed Jul 2024 | 78.42 | 71.96 | 87.10 | 71.96 | 12.687 times |
| 17 Mon Jun 2024 | 72.00 | 71.40 | 72.55 | 69.07 | 0.103 times |
| 31 Fri May 2024 | 78.75 | 73.05 | 86.06 | 73.00 | 1.541 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 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 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
Stock of Formula Systems is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 78.48 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 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 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
Stock of Formula Systems is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 78.48 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.