(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.
10 day averaged volume of Formula Systems is 740
| Date | Daily Closing Price | Open | High | Low | Volume |
| 15 Mon Apr 2024 | 77.26 | 77.26 | 77.26 | 77.26 | 0.405 times |
| 12 Fri Apr 2024 | 79.30 | 79.50 | 79.50 | 78.30 | 0.811 times |
| 09 Tue Apr 2024 | 80.05 | 80.83 | 80.83 | 80.05 | 0.27 times |
| 08 Mon Apr 2024 | 83.09 | 80.10 | 83.09 | 80.10 | 1.892 times |
| 05 Fri Apr 2024 | 78.00 | 78.00 | 78.00 | 78.00 | 1.622 times |
| 04 Thu Apr 2024 | 79.34 | 77.71 | 79.34 | 77.29 | 0.676 times |
| 03 Wed Apr 2024 | 81.22 | 79.91 | 81.22 | 75.02 | 0.946 times |
| 02 Tue Apr 2024 | 80.95 | 80.95 | 80.95 | 80.95 | 0.541 times |
| 22 Fri Mar 2024 | 83.01 | 81.88 | 83.19 | 80.60 | 2.162 times |
| 21 Thu Mar 2024 | 82.21 | 82.20 | 82.22 | 82.20 | 0.541 times |
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 76.9 as stoploss in an intra day buy trade for a target of 79.17. However, stock will show a bearish move below 76.9.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 58.29 |
| Downside Target | 60.39 |
| Downside Target | 65.83 |
| Downside Target | 74.51 |
| Downside Target | 76.99 |
| Upside Target | 78.75 |
| Upside Target | 79.27 |
| Upside Target | 81.22 |
| Upside Target | 83.09 |
| Upside Target | 83.19 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 77.26 |
| Downside Intraday Target | 77.26 |
| Downside Intraday Target | 77.26 |
| Downside Intraday Target | 77.26 |
| Downside Intraday Target | 77.26 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 15 Mon Apr 2024 | 77.26 | 77.26 | 77.26 | 77.26 | 0.136 times |
| 12 Fri Apr 2024 | 79.30 | 80.10 | 83.09 | 78.30 | 0.786 times |
| 05 Fri Apr 2024 | 78.00 | 80.95 | 81.22 | 75.02 | 0.966 times |
| 22 Fri Mar 2024 | 83.01 | 79.57 | 83.19 | 79.27 | 5.8 times |
| 15 Fri Mar 2024 | 78.75 | 74.51 | 78.75 | 74.51 | 0.455 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 |
| 15 Mon Apr 2024 | 77.26 | 80.95 | 83.09 | 75.02 | 1.178 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 |
| 30 Tue Jan 2024 | 66.62 | 65.92 | 67.10 | 60.39 | 0.746 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Formula Systems in short term but the sell signal is initial and weak.
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. 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 but buying is losing 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 81 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 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 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 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 Weak and stock is losing momentum.
MACD generated a SELL signal for Formula Systems in short term but the sell signal is initial and weak.
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. 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 but buying is losing 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 81 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.