(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 2024-03-12 View latest technical analysis
10 day averaged volume of Formula Systems is 330
| Date | Daily Closing Price | Open | High | Low | Volume |
| 12 Tue Mar 2024 | 75.50 | 74.51 | 75.50 | 74.51 | 1.212 times |
| 08 Fri Mar 2024 | 77.81 | 77.81 | 77.81 | 77.81 | 0.606 times |
| 07 Thu Mar 2024 | 77.68 | 77.68 | 77.68 | 77.68 | 0.606 times |
| 06 Wed Mar 2024 | 76.63 | 75.54 | 76.63 | 75.54 | 0.606 times |
| 05 Tue Mar 2024 | 77.42 | 78.13 | 78.13 | 77.42 | 1.515 times |
| 29 Thu Feb 2024 | 76.76 | 76.76 | 76.76 | 76.76 | 0.909 times |
| 27 Tue Feb 2024 | 76.99 | 76.99 | 76.99 | 76.99 | 0.606 times |
| 26 Mon Feb 2024 | 76.44 | 75.00 | 76.44 | 75.00 | 2.121 times |
| 23 Fri Feb 2024 | 73.60 | 73.09 | 74.80 | 73.09 | 2.121 times |
| 22 Thu Feb 2024 | 72.32 | 72.32 | 72.32 | 72.32 | 0.303 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 77.1 as stoploss in an intra day sell trade for a target of 71.46. However, stock will show a bullish move above 77.1.
Share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Target | 57.15 |
| Downside Target | 60.39 |
| Downside Target | 65.24 |
| Downside Target | 69.87 |
| Downside Target | 71.61 |
| Downside Target | 74.51 |
| Downside Target | 75.00 |
| Downside Target | 75.50 |
| Upside Target | 75.54 |
| Upside Target | 76.99 |
| Upside Target | 78.13 |
Intraday share price targets for Formula Systems (FORTY)
| Target Type | Value |
| Downside Intraday Target | 74.84 |
| Downside Intraday Target | 74.18 |
| Upside Intraday Target | 75.83 |
| Upside Intraday Target | 76.16 |
| Downside Intraday Target | 75.17 |
Weekly technical analysis of Formula Systems (FORTY)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 12 Tue Mar 2024 | 75.50 | 74.51 | 75.50 | 74.51 | 0.364 times |
| 08 Fri Mar 2024 | 77.81 | 78.13 | 78.13 | 75.54 | 0.917 times |
| 29 Thu Feb 2024 | 76.76 | 75.00 | 76.99 | 75.00 | 0.8 times |
| 23 Fri Feb 2024 | 73.60 | 71.61 | 74.80 | 71.61 | 0.625 times |
| 09 Fri Feb 2024 | 69.87 | 65.83 | 69.87 | 65.83 | 6 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 |
| 12 Tue Mar 2024 | 75.50 | 78.13 | 78.13 | 74.51 | 0.278 times |
| 29 Thu Feb 2024 | 76.76 | 68.90 | 76.99 | 65.83 | 1.227 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 |
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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term and the buy signal is strong.
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 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 76.01 and Formula Systems (FORTY) stock is trading below this level. This means that stock is falling with high volumes. 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.
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 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 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 Weak and stock is losing momentum.
MACD generated a BUY signal for Formula Systems in short term and the buy signal is strong.
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 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 76.01 and Formula Systems (FORTY) stock is trading below this level. This means that stock is falling with high volumes. 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.