(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 2024-10-07 View latest technical analysis
10 day averaged volume of Formula Systems is 860
| Date | Daily Closing Price | Open | High | Low | Volume |
| 07 Mon Oct 2024 | 78.46 | 78.46 | 78.46 | 78.46 | 0.349 times |
| 03 Thu Oct 2024 | 77.56 | 77.56 | 77.56 | 77.56 | 0.116 times |
| 02 Wed Oct 2024 | 77.39 | 78.81 | 78.81 | 77.39 | 0.581 times |
| 01 Tue Oct 2024 | 80.52 | 80.00 | 80.52 | 80.00 | 0.93 times |
| 30 Mon Sep 2024 | 80.00 | 79.33 | 80.00 | 79.33 | 0.814 times |
| 27 Fri Sep 2024 | 79.84 | 79.41 | 79.84 | 79.41 | 0.698 times |
| 26 Thu Sep 2024 | 79.31 | 79.30 | 79.40 | 79.30 | 0.814 times |
| 25 Wed Sep 2024 | 76.55 | 75.80 | 77.00 | 75.60 | 4.884 times |
| 24 Tue Sep 2024 | 75.39 | 76.21 | 76.21 | 75.39 | 0.465 times |
| 23 Mon Sep 2024 | 73.17 | 73.17 | 73.17 | 73.17 | 0.465 times |
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 79 as stoploss in an intra day sell trade for a target of 76.42. However, stock will show a bullish move above 79.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.07 |
| Downside Target | 71.96 |
| Downside Target | 76.33 |
| Downside Target | 78.30 |
| Downside Target | 78.46 |
| Upside Target | 79.84 |
| Upside Target | 80.00 |
| Upside Target | 80.52 |
| Upside Target | 87.10 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 78.46 |
| Downside Intraday Target | 78.46 |
| Downside Intraday Target | 78.46 |
| Downside Intraday Target | 78.46 |
| Downside Intraday Target | 78.46 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 07 Mon Oct 2024 | 78.46 | 78.46 | 78.46 | 78.46 | 0.143 times |
| 03 Thu Oct 2024 | 77.56 | 79.33 | 80.52 | 77.39 | 0.333 times |
| 27 Fri Sep 2024 | 79.84 | 73.17 | 79.84 | 73.17 | 5.25 times |
| 20 Fri Sep 2024 | 70.52 | 76.33 | 76.33 | 70.52 | 0.703 times |
| 13 Fri Sep 2024 | 76.90 | 74.79 | 76.90 | 74.00 | 3.416 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 |
| 07 Mon Oct 2024 | 78.46 | 80.00 | 80.52 | 77.39 | 0.163 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 |
| 31 Wed Jul 2024 | 78.42 | 71.96 | 87.10 | 71.96 | 12.687 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 77.56 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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red 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 SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL 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 77.56 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.