(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 2025-01-10 View latest technical analysis
10 day averaged volume of Formula Systems is 454
| Date | Daily Closing Price | Open | High | Low | Volume |
| 10 Fri Jan 2025 | 82.99 | 80.15 | 83.20 | 80.15 | 8.37 times |
| 07 Tue Jan 2025 | 86.00 | 86.00 | 86.00 | 86.00 | 0.441 times |
| 06 Mon Jan 2025 | 87.46 | 85.74 | 87.46 | 85.74 | 2.203 times |
| 02 Thu Jan 2025 | 83.00 | 83.70 | 83.70 | 81.90 | 2.493 times |
| 30 Mon Dec 2024 | 89.00 | 92.22 | 92.22 | 89.00 | 0.72 times |
| 19 Thu Dec 2024 | 93.35 | 93.35 | 93.35 | 93.35 | 0.436 times |
| 18 Wed Dec 2024 | 96.47 | 96.40 | 96.47 | 96.40 | 1.192 times |
| 17 Tue Dec 2024 | 94.75 | 94.75 | 94.75 | 94.75 | 0.604 times |
| 11 Wed Dec 2024 | 96.50 | 95.55 | 96.50 | 95.30 | 1.04 times |
| 26 Tue Nov 2024 | 87.27 | 87.00 | 87.27 | 87.00 | 0.441 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 81.3 as stoploss in an intra day buy trade for a target of 86.47. However, stock will show a bearish move below 81.3.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 70.52 |
| Downside Target | 74.22 |
| Downside Target | 77.50 |
| Downside Target | 80.00 |
| Downside Target | 81.90 |
| Upside Target | 87.00 |
| Upside Target | 87.70 |
| Upside Target | 89.00 |
| Upside Target | 92.22 |
| Upside Target | 93.35 |
| Upside Target | 96.47 |
| Upside Target | 96.50 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 79.61 |
| Downside Intraday Target | 76.22 |
| Upside Intraday Target | 86.92 |
| Upside Intraday Target | 90.84 |
| Upside Intraday Target | 83.53 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 10 Fri Jan 2025 | 82.99 | 85.74 | 87.46 | 80.15 | 3.427 times |
| 02 Thu Jan 2025 | 83.00 | 92.22 | 92.22 | 81.90 | 1.44 times |
| 19 Thu Dec 2024 | 93.35 | 94.75 | 96.47 | 93.35 | 1.507 times |
| 11 Wed Dec 2024 | 96.50 | 87.00 | 96.50 | 87.00 | 3.36 times |
| 26 Tue Nov 2024 | 87.27 | 87.00 | 87.27 | 87.00 | 0.5 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 |
| 10 Fri Jan 2025 | 82.99 | 83.70 | 87.46 | 80.15 | 3.384 times |
| 30 Mon Dec 2024 | 89.00 | 95.55 | 96.50 | 89.00 | 0.324 times |
| 26 Tue Nov 2024 | 87.27 | 84.44 | 87.70 | 77.50 | 0.596 times |
| 31 Thu Oct 2024 | 85.20 | 80.00 | 87.50 | 74.22 | 0.903 times |
Scroll below to view daily charts
Price has moved down 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Formula Systems stock for short term is SELL. Signal strength is Weak 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 weakening, and bulls 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 86.29 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 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 neutral. A longer time frame might give a better analysis.
ADX buy sell signal for Formula Systems stock for short term is SELL. Signal strength is Weak 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 weakening, and bulls 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 86.29 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 positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.