Login or Join
Learn then Earn

(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 724

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 81.21 81.21 81.28 81.21 0.555 times
16 Thu May 2024 82.20 83.24 84.60 82.20 3.906 times
15 Wed May 2024 79.03 85.32 86.06 79.03 1.25 times
13 Mon May 2024 82.78 82.78 82.78 82.78 0.414 times
10 Fri May 2024 84.27 84.27 84.27 84.27 0.414 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 82 as stoploss in an intra day sell trade for a target of 78.32. However, stock will show a bullish move above 82.

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
Downside Target 78.82
Downside Target 79.03
Upside Target 83.09
Upside Target 83.19
Upside Target 84.27
Upside Target 86.06

Intraday share price targets for Formula Systems (FORTY)

Target Type Value
Downside Intraday Target 78.14
Downside Intraday Target 75.07
Upside Intraday Target 85.17
Upside Intraday Target 89.13
Upside Intraday Target 82.1

Weekly technical analysis of Formula Systems (FORTY)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 81.21 82.78 86.06 79.03 2.609 times
10 Fri May 2024 84.27 78.82 84.27 78.82 1.545 times
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

Price has moved down 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
17 Fri May 2024 81.21 73.05 86.06 73.00 1.049 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

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 29, 32, 5 Sell
MACD 3, 3Buy
Stochastics 61None
CCI 26Sell
RSI 53Buy
OBV 1821Sell
VWAP 81Buy
ADL 0Sell
ROC 9Buy
Force Index 0Sell

Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 gaining momentum.

MACD generated a BUY signal for Formula Systems in short term and the buy signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Formula Systems in short term but SELL signal is weak.

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 80.89 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.

Learn then Earn
Back to top | Use Dark Theme