(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 2024-01-18 View latest technical analysis
10 day averaged volume of Formula Systems is 380
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Thu Jan 2024 | 63.81 | 63.41 | 65.78 | 63.41 | 1.579 times |
| 17 Wed Jan 2024 | 60.43 | 60.43 | 60.43 | 60.43 | 1.316 times |
| 11 Thu Jan 2024 | 64.21 | 64.21 | 64.21 | 64.21 | 0.263 times |
| 08 Mon Jan 2024 | 64.50 | 63.48 | 64.50 | 63.48 | 2.895 times |
| 02 Tue Jan 2024 | 65.03 | 65.92 | 65.92 | 65.03 | 0.526 times |
| 27 Wed Dec 2023 | 65.31 | 65.31 | 65.31 | 65.16 | 1.316 times |
| 26 Tue Dec 2023 | 66.87 | 66.87 | 66.94 | 66.87 | 1.579 times |
| 22 Fri Dec 2023 | 64.75 | 64.75 | 64.75 | 64.75 | 1.053 times |
| 21 Thu Dec 2023 | 65.00 | 65.00 | 65.00 | 65.00 | 0.263 times |
| 20 Wed Dec 2023 | 64.06 | 64.33 | 64.33 | 64.06 | 0.526 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 64.7 as stoploss in an intra day sell trade for a target of 62.28. However, stock will show a bullish move above 64.7.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 55.97 |
| Downside Target | 57.15 |
| Downside Target | 60.38 |
| Downside Target | 63.48 |
| Upside Target | 65.78 |
| Upside Target | 65.92 |
| Upside Target | 66.94 |
| Upside Target | 71.72 |
| Upside Target | 76.00 |
| Upside Target | 76.61 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 60.9 |
| Downside Intraday Target | 57.99 |
| Upside Intraday Target | 66.25 |
| Upside Intraday Target | 68.69 |
| Downside Intraday Target | 63.34 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Thu Jan 2024 | 63.81 | 60.43 | 65.78 | 60.43 | 0.917 times |
| 11 Thu Jan 2024 | 64.21 | 63.48 | 64.50 | 63.48 | 6 times |
| 02 Tue Jan 2024 | 65.03 | 65.92 | 65.92 | 65.03 | 0.182 times |
| 27 Wed Dec 2023 | 65.31 | 66.87 | 66.94 | 65.16 | 1.375 times |
| 22 Fri Dec 2023 | 64.75 | 60.38 | 65.00 | 60.38 | 2 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 |
| 18 Thu Jan 2024 | 63.81 | 65.92 | 65.92 | 60.43 | 0.424 times |
| 27 Wed Dec 2023 | 65.31 | 60.75 | 66.94 | 58.29 | 0.787 times |
| 30 Thu Nov 2023 | 60.75 | 61.18 | 65.24 | 57.15 | 0.753 times |
| 31 Tue Oct 2023 | 58.09 | 76.61 | 76.61 | 55.97 | 3.02 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 but BUY signal is weak.
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 64.39 and Formula Systems (FORTY) stock is trading below this level. This means that stock is falling with high volumes. 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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 BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
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 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 but BUY signal is weak.
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 64.39 and Formula Systems (FORTY) stock is trading below this level. This means that stock is falling with high volumes. 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.