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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 2024-02-22 View latest technical analysis

10 day averaged volume of Formula Systems is 640

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	72.32	72.32	72.32	72.32	0.156 times
21 Wed Feb 2024	73.03	73.04	73.04	73.03	0.313 times
20 Tue Feb 2024	72.98	71.61	72.98	71.61	0.781 times
09 Fri Feb 2024	69.87	67.43	69.87	67.43	2.969 times
06 Tue Feb 2024	66.03	65.83	66.83	65.83	0.781 times
02 Fri Feb 2024	68.90	68.90	68.90	68.90	0.469 times
30 Tue Jan 2024	66.62	66.62	66.62	66.62	0.156 times
25 Thu Jan 2024	66.04	66.97	67.10	66.00	2.5 times
23 Tue Jan 2024	60.39	60.39	60.39	60.39	0.313 times
18 Thu Jan 2024	63.81	63.41	65.78	63.41	0.938 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 69.7, but if it comes below 69.7, then a intra day sell could be more profitable.
If you take a sell trade below 69.7, then use 69.7 as stoploss and 66.03 as target. However if you take a buy trade in stock , then use 69.7 as stoploss and 74.2 as target.

Share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Target	55.97
Downside Target	57.15
Downside Target	60.39
Downside Target	65.24
Downside Target	67.10
Downside Target	68.90
Downside Target	69.87
Downside Target	71.61
Upside Target	73.04
Upside Target	76.61

Intraday share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Intraday Target	71.61
Downside Intraday Target	70.89
Upside Intraday Target	73.04
Upside Intraday Target	73.75
Upside Intraday Target	72.32

Weekly technical analysis of Formula Systems (FORTY)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	72.32	71.61	73.04	71.61	0.333 times
09 Fri Feb 2024	69.87	65.83	69.87	65.83	6 times
02 Fri Feb 2024	68.90	66.62	68.90	66.62	0.222 times
25 Thu Jan 2024	66.04	60.39	67.10	60.39	1.636 times
18 Thu Jan 2024	63.81	60.43	65.78	60.43	0.917 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 Thu Feb 2024	72.32	68.90	73.04	65.83	0.795 times
30 Tue Jan 2024	66.62	65.92	67.10	60.39	0.746 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

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)

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 BUY. Signal strength is Strong and stock is losing momentum.

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

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 green color and prices are above the green 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

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 67.91 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.