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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.

10 day averaged volume of Formula Systems is 1040

Date Daily Closing Price Open High Low Volume
01 Thu Dec 2022 84.97 83.04 84.97 83.04 0.577 times
30 Wed Nov 2022 82.43 82.39 82.43 78.06 2.404 times
28 Mon Nov 2022 80.79 78.55 80.79 78.55 0.577 times
23 Wed Nov 2022 77.23 78.00 78.00 77.12 0.673 times
18 Fri Nov 2022 80.03 80.03 80.03 80.03 0.385 times
17 Thu Nov 2022 78.60 78.66 79.03 78.60 0.865 times
16 Wed Nov 2022 79.39 79.39 79.39 79.39 0.385 times
15 Tue Nov 2022 81.00 80.25 81.00 80.25 0.385 times
14 Mon Nov 2022 80.80 79.49 80.80 79.49 0.865 times
11 Fri Nov 2022 82.00 80.64 82.00 80.62 2.308 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 84.9, for a target of 81.8 or 79.19

Share price targets for Formula Systems (FORTY)

Target Type Value
Downside Target 73.00
Downside Target 80.55
Downside Target 82.00
Downside Target 82.43
Downside Target 83.04
Downside Target 84.97
Upside Target 85.75
Upside Target 96.70
Upside Target 100.59
Upside Target 104.50

Intraday share price targets for Formula Systems (FORTY)

Target Type Value
Downside Intraday Target 80.36
Downside Intraday Target 75.76
Upside Intraday Target 87.27
Upside Intraday Target 89.58
Downside Intraday Target 82.67

Weekly technical analysis of Formula Systems (FORTY)

Date Weekly Closing Price Open High Low Volume
01 Thu Dec 2022 84.97 78.55 84.97 78.06 5.286 times
23 Wed Nov 2022 77.23 78.00 78.00 77.12 0.233 times
18 Fri Nov 2022 80.03 79.49 81.00 78.60 0.382 times
11 Fri Nov 2022 82.00 75.35 82.00 73.00 1.248 times
04 Fri Nov 2022 78.00 80.20 80.55 75.10 1.286 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
01 Thu Dec 2022 84.97 83.04 84.97 83.04 0.029 times
30 Wed Nov 2022 82.43 80.55 82.43 73.00 0.988 times
31 Mon Oct 2022 80.21 81.47 85.75 76.21 0.976 times
30 Fri Sep 2022 82.34 97.19 100.59 73.98 1.213 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)

Indicator Name Indicator Value Indicator Signal
ADX 44, 28, 23 Buy
MACD -1, -3Buy
Stochastics 96Buy
CCI 215Buy
RSI 54Buy
OBV -863Sell
VWAP 81Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Formula Systems stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Formula Systems in short term but the buy 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 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 red color and prices are in or above the red 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 81.23 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.

Daily charts

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Daily chart

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