(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 2024-05-01 View latest technical analysis
10 day averaged volume of Formula Systems is 410
Date | Daily Closing Price | Open | High | Low | Volume |
01 Wed May 2024 | 73.00 | 73.05 | 73.05 | 73.00 | 0.976 times |
26 Fri Apr 2024 | 74.80 | 72.52 | 74.80 | 72.52 | 0.732 times |
25 Thu Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.244 times |
23 Tue Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.488 times |
22 Mon Apr 2024 | 75.00 | 75.00 | 75.00 | 75.00 | 0.488 times |
17 Wed Apr 2024 | 74.15 | 72.66 | 74.15 | 72.66 | 1.22 times |
16 Tue Apr 2024 | 74.60 | 74.60 | 74.60 | 74.60 | 0.732 times |
15 Mon Apr 2024 | 77.26 | 77.26 | 77.26 | 77.26 | 0.732 times |
12 Fri Apr 2024 | 79.30 | 79.50 | 79.50 | 78.30 | 1.463 times |
09 Tue Apr 2024 | 80.05 | 80.83 | 80.83 | 80.05 | 0.488 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 75.1, but if it comes above 75.1, then a intra day buy could be more profitable.
If you take a sell trade below 75.1, then use 75.1 as stoploss and 71.2 as target. However if you take a buy trade in stock , then use 75.1 as stoploss and 78.27 as target.
Share price targets for Formula Systems (FORTY)
Target Type | Value |
Downside Target | 60.39 |
Downside Target | 65.83 |
Downside Target | 72.52 |
Upside Target | 74.51 |
Upside Target | 75.02 |
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 | 72.98 |
Downside Intraday Target | 72.97 |
Upside Intraday Target | 73.03 |
Upside Intraday Target | 73.07 |
Upside Intraday Target | 73.02 |
Weekly technical analysis of Formula Systems (FORTY)
Date | Weekly Closing Price | Open | High | Low | Volume |
01 Wed May 2024 | 73.00 | 73.05 | 73.05 | 73.00 | 0.5 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 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 |
01 Wed May 2024 | 73.00 | 73.05 | 73.05 | 73.00 | 0.058 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 SELL. Signal strength is Strong 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 coming down
CCI has generated a SELL signal for Formula Systems in short term and SELL signal is strong!
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
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 75.88 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 negative.
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 SELL. Signal strength is Strong 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 coming down
CCI has generated a SELL signal for Formula Systems in short term and SELL signal is strong!
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
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 75.88 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.