(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 2024-11-11 View latest technical analysis
10 day averaged volume of Formula Systems is 860
| Date | Daily Closing Price | Open | High | Low | Volume |
| 11 Mon Nov 2024 | 79.59 | 78.90 | 79.59 | 78.90 | 1.395 times |
| 07 Thu Nov 2024 | 87.50 | 87.70 | 87.70 | 87.50 | 0.581 times |
| 04 Mon Nov 2024 | 86.56 | 85.27 | 86.56 | 85.27 | 1.163 times |
| 01 Fri Nov 2024 | 84.44 | 84.44 | 84.44 | 84.44 | 0.116 times |
| 31 Thu Oct 2024 | 85.20 | 84.59 | 86.23 | 84.59 | 4.419 times |
| 30 Wed Oct 2024 | 86.99 | 87.00 | 87.50 | 86.99 | 1.512 times |
| 29 Tue Oct 2024 | 83.93 | 83.93 | 83.93 | 83.93 | 0.233 times |
| 28 Mon Oct 2024 | 83.56 | 83.56 | 83.56 | 83.56 | 0.465 times |
| 25 Fri Oct 2024 | 82.02 | 82.02 | 82.02 | 82.02 | 0.233 times |
| 22 Tue Oct 2024 | 81.99 | 82.00 | 82.00 | 81.99 | 0.814 times |
My analysis of stock is bearish for shortterm, and stock might move down till 77.6 or till 73.2. Use a stoploss of 81.2 and if the stock hits stoploss, then it can shoot up till 84.84
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 69.28 |
| Downside Target | 71.96 |
| Downside Target | 74.22 |
| Downside Target | 76.61 |
| Upside Target | 81.99 |
| Upside Target | 83.56 |
| Upside Target | 85.27 |
| Upside Target | 87.10 |
| Upside Target | 87.50 |
| Upside Target | 87.70 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 79.13 |
| Downside Intraday Target | 78.67 |
| Upside Intraday Target | 79.82 |
| Upside Intraday Target | 80.05 |
| Downside Intraday Target | 79.36 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 11 Mon Nov 2024 | 79.59 | 78.90 | 79.59 | 78.90 | 0.8 times |
| 07 Thu Nov 2024 | 87.50 | 85.27 | 87.70 | 85.27 | 0.259 times |
| 01 Fri Nov 2024 | 84.44 | 83.56 | 87.50 | 83.56 | 6.444 times |
| 25 Fri Oct 2024 | 82.02 | 82.00 | 82.02 | 81.99 | 1 times |
| 17 Thu Oct 2024 | 78.00 | 76.61 | 78.00 | 76.61 | 1.8 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 |
| 11 Mon Nov 2024 | 79.59 | 84.44 | 87.70 | 78.90 | 0.298 times |
| 31 Thu Oct 2024 | 85.20 | 80.00 | 87.50 | 74.22 | 0.903 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 |
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term and the buy signal is strong.
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 SELL signal in short term and selling is picking up 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 84.59 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.
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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term and the buy signal is strong.
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 SELL signal in short term and selling is picking up 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 84.59 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.