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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.

Showing technical analysis as on 2024-01-02 View latest technical analysis

10 day averaged volume of Formula Systems is 360

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	65.03	65.92	65.92	65.03	0.556 times
27 Wed Dec 2023	65.31	65.31	65.31	65.16	1.389 times
26 Tue Dec 2023	66.87	66.87	66.94	66.87	1.667 times
22 Fri Dec 2023	64.75	64.75	64.75	64.75	1.111 times
21 Thu Dec 2023	65.00	65.00	65.00	65.00	0.278 times
20 Wed Dec 2023	64.06	64.33	64.33	64.06	0.556 times
18 Mon Dec 2023	60.38	60.38	60.38	60.38	0.278 times
13 Wed Dec 2023	58.76	58.76	58.76	58.76	0.278 times
11 Mon Dec 2023	60.42	58.29	60.42	58.29	0.833 times
08 Fri Dec 2023	59.77	59.77	59.77	59.77	1.111 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 64, but if it comes below 64, then a intra day sell could be more profitable.
If you take a sell trade below 64, then use 64 as stoploss and 61.53 as target. However if you take a buy trade in stock , then use 64 as stoploss and 67 as target.

Share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Target	55.97
Downside Target	57.15
Downside Target	60.38
Downside Target	65.00
Upside Target	65.24
Upside Target	65.92
Upside Target	66.94
Upside Target	71.72
Upside Target	76.00
Upside Target	76.61

Intraday share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Intraday Target	64.73
Downside Intraday Target	64.44
Upside Intraday Target	65.62
Upside Intraday Target	66.22
Upside Intraday Target	65.33

Weekly technical analysis of Formula Systems (FORTY)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	65.03	65.92	65.92	65.03	0.182 times
27 Wed Dec 2023	65.31	66.87	66.94	65.16	1.375 times
22 Fri Dec 2023	64.75	60.38	65.00	60.38	2 times
13 Wed Dec 2023	58.76	58.29	60.42	58.29	0.129 times
08 Fri Dec 2023	59.77	60.00	60.86	58.73	0.912 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
02 Tue Jan 2024	65.03	65.92	65.92	65.03	0.034 times
27 Wed Dec 2023	65.31	60.75	66.94	58.29	0.787 times
30 Thu Nov 2023	60.75	61.18	65.24	57.15	0.753 times
31 Tue Oct 2023	58.09	76.61	76.61	55.97	3.02 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 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 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

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 63.77 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.