(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 310
| Date | Daily Closing Price | Open | High | Low | Volume |
| 03 Fri May 2024 | 76.80 | 75.31 | 76.80 | 75.31 | 1.613 times |
| 02 Thu May 2024 | 75.00 | 75.00 | 75.00 | 75.00 | 0.645 times |
| 01 Wed May 2024 | 73.00 | 73.05 | 73.05 | 73.00 | 1.29 times |
| 26 Fri Apr 2024 | 74.80 | 72.52 | 74.80 | 72.52 | 0.968 times |
| 25 Thu Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.323 times |
| 23 Tue Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.645 times |
| 22 Mon Apr 2024 | 75.00 | 75.00 | 75.00 | 75.00 | 0.645 times |
| 17 Wed Apr 2024 | 74.15 | 72.66 | 74.15 | 72.66 | 1.613 times |
| 16 Tue Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.968 times |
| 15 Mon Apr 2024 | 77.26 | 77.26 | 77.26 | 77.26 | 0.968 times |
My analysis of stock is bearish for shortterm, and stock might move down till 74.7 or till 70.7. Use a stoploss of 77.95 and if the stock hits stoploss, then it can shoot up till 81.24
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 60.39 |
| Downside Target | 65.83 |
| Downside Target | 72.52 |
| Downside Target | 74.51 |
| Downside Target | 76.80 |
| Upside Target | 76.99 |
| Upside Target | 77.26 |
| Upside Target | 78.30 |
| 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 | 74.27 |
| Downside Intraday Target | 71.73 |
| Upside Intraday Target | 78.07 |
| Upside Intraday Target | 79.33 |
| Downside Intraday Target | 75.53 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 03 Fri May 2024 | 76.80 | 73.05 | 76.80 | 73.00 | 1.375 times |
| 26 Fri Apr 2024 | 74.80 | 75.00 | 75.00 | 72.52 | 0.727 times |
| 17 Wed Apr 2024 | 74.15 | 77.26 | 77.26 | 72.66 | 0.5 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 |
Price has moved up 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 |
| 03 Fri May 2024 | 76.80 | 73.05 | 76.80 | 73.00 | 0.159 times |
| 26 Fri Apr 2024 | 74.80 | 80.95 | 83.09 | 72.52 | 1.533 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 |
Scroll below to view daily charts
Price has moved up 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 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 BUY. 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.
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 weakening, and bulls are picking up momentum!
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 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 75.02 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 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 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 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 BUY. 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.
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 weakening, and bulls are picking up momentum!
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 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 75.02 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 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.