(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 610
| Date | Daily Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 75.00 | 75.00 | 75.00 | 75.00 | 0.328 times |
| 17 Wed Apr 2024 | 74.15 | 72.66 | 74.15 | 72.66 | 0.82 times |
| 16 Tue Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.492 times |
| 15 Mon Apr 2024 | 77.26 | 77.26 | 77.26 | 77.26 | 0.492 times |
| 12 Fri Apr 2024 | 79.30 | 79.50 | 79.50 | 78.30 | 0.984 times |
| 09 Tue Apr 2024 | 80.05 | 80.83 | 80.83 | 80.05 | 0.328 times |
| 08 Mon Apr 2024 | 83.09 | 80.10 | 83.09 | 80.10 | 2.295 times |
| 05 Fri Apr 2024 | 78.00 | 78.00 | 78.00 | 78.00 | 1.967 times |
| 04 Thu Apr 2024 | 79.34 | 77.71 | 79.34 | 77.29 | 0.82 times |
| 03 Wed Apr 2024 | 81.22 | 79.91 | 81.22 | 75.02 | 1.148 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 76.1, but if it comes above 76.1, then a intra day buy could be more profitable.
If you take a sell trade below 76.1, then use 76.1 as stoploss and 72.9 as target. However if you take a buy trade in stock , then use 76.1 as stoploss and 78.8 as target.
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 |
| Downside Target | 74.51 |
| Upside Target | 76.99 |
| Upside Target | 78.30 |
| 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 | 75 |
| Downside Intraday Target | 75 |
| Downside Intraday Target | 75 |
| Downside Intraday Target | 75 |
| Downside Intraday Target | 75 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 22 Mon Apr 2024 | 75.00 | 75.00 | 75.00 | 75.00 | 0.182 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 |
| 22 Fri Mar 2024 | 83.01 | 79.57 | 83.19 | 79.27 | 5.8 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 |
| 22 Mon Apr 2024 | 75.00 | 80.95 | 83.09 | 72.66 | 1.4 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 neutral. A longer time frame might give a better analysis.
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 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 moving up
CCI has generated a buy signal for Formula Systems in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 79.27 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 neutral. A longer time frame might give a better analysis.
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 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 moving up
CCI has generated a buy signal for Formula Systems in short term but BUY signal is weak.
RSI is generating a SELL signal in short term and selling is picking up 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 79.27 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.