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(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 2025-01-30 View latest technical analysis

10 day averaged volume of Formula Systems is 600

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	92.31	90.95	92.31	89.80	2.167 times
29 Wed Jan 2025	88.35	89.91	89.91	88.35	3.5 times
27 Mon Jan 2025	87.70	87.60	87.96	87.10	2.167 times
23 Thu Jan 2025	86.98	86.96	86.98	86.96	0.333 times
22 Wed Jan 2025	88.78	88.78	88.78	88.78	0.5 times
21 Tue Jan 2025	90.55	85.72	90.55	85.72	1 times
17 Fri Jan 2025	89.37	89.37	89.37	89.37	0.5 times
17 Fri Jan 2025	89.37	89.37	89.37	89.37	0.5 times
16 Thu Jan 2025	87.78	87.78	87.78	87.78	0.167 times
15 Wed Jan 2025	88.20	87.50	88.20	87.50	0.667 times

Stock of Formula Systems (FORTY) has showed a significant upmove. This could be a good time to enter in this stock!

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 93 as stoploss in an intra day sell trade for a target of 89.27. However, stock will show a bullish move above 93.

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	84.60
Downside Target	89.37
Downside Target	90.55
Downside Target	92.31
Upside Target	96.50

Intraday share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Intraday Target	88.84
Downside Intraday Target	85.36
Upside Intraday Target	94.05
Upside Intraday Target	95.78
Downside Intraday Target	90.57

Weekly technical analysis of Formula Systems (FORTY)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	92.31	87.60	92.31	87.10	4.273 times
23 Thu Jan 2025	86.98	85.72	90.55	85.72	3.667 times
17 Fri Jan 2025	89.37	89.37	89.37	89.37	0.25 times
17 Fri Jan 2025	89.37	87.24	89.37	84.60	0.24 times
10 Fri Jan 2025	82.99	85.74	87.46	80.15	3.427 times

Price has moved up 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
30 Thu Jan 2025	92.31	83.70	92.31	80.15	7.413 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 up 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 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 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 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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 but selling 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 89.22 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.