(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 720
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Wed Apr 2024 | 74.15 | 72.66 | 74.15 | 72.66 | 0.694 times |
| 16 Tue Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.417 times |
| 15 Mon Apr 2024 | 77.26 | 77.26 | 77.26 | 77.26 | 0.417 times |
| 12 Fri Apr 2024 | 79.30 | 79.50 | 79.50 | 78.30 | 0.833 times |
| 09 Tue Apr 2024 | 80.05 | 80.83 | 80.83 | 80.05 | 0.278 times |
| 08 Mon Apr 2024 | 83.09 | 80.10 | 83.09 | 80.10 | 1.944 times |
| 05 Fri Apr 2024 | 78.00 | 78.00 | 78.00 | 78.00 | 1.667 times |
| 04 Thu Apr 2024 | 79.34 | 77.71 | 79.34 | 77.29 | 0.694 times |
| 03 Wed Apr 2024 | 81.22 | 79.91 | 81.22 | 75.02 | 0.972 times |
| 02 Tue Apr 2024 | 80.95 | 80.95 | 80.95 | 80.95 | 0.556 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 73.2, for a target of 76.3 or 78.92
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 58.29 |
| Downside Target | 60.39 |
| Downside Target | 65.83 |
| Downside Target | 72.66 |
| Upside Target | 74.51 |
| Upside 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 | 72.12 |
| Downside Intraday Target | 70.09 |
| Upside Intraday Target | 76.72 |
| Upside Intraday Target | 79.29 |
| Upside Intraday Target | 74.69 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 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 |
| 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 |
| 17 Wed Apr 2024 | 74.15 | 80.95 | 83.09 | 72.66 | 1.356 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 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 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 Strong 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 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 and the buying is gaining 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 79.52 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 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 Strong 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 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 and the buying is gaining 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 79.52 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.