(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 574
Date | Daily Closing Price | Open | High | Low | Volume |
01 Wed Feb 2023 | 80.85 | 80.84 | 80.85 | 80.84 | 1.045 times |
31 Tue Jan 2023 | 78.79 | 78.89 | 78.89 | 78.79 | 1.394 times |
30 Mon Jan 2023 | 75.00 | 75.00 | 75.00 | 75.00 | 0.523 times |
27 Fri Jan 2023 | 77.70 | 77.70 | 77.70 | 77.70 | 0.348 times |
25 Wed Jan 2023 | 80.10 | 78.13 | 80.10 | 78.13 | 1.15 times |
24 Tue Jan 2023 | 82.55 | 80.34 | 82.55 | 80.34 | 0.697 times |
23 Mon Jan 2023 | 78.39 | 79.50 | 79.50 | 78.39 | 1.916 times |
20 Fri Jan 2023 | 79.07 | 79.07 | 79.07 | 79.07 | 0.174 times |
11 Wed Jan 2023 | 78.10 | 78.00 | 78.10 | 78.00 | 3.31 times |
04 Wed Jan 2023 | 74.66 | 74.66 | 74.66 | 74.66 | 0.228 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 79.3, but if it comes below 79.3, then a intra day sell could be more profitable.
If you take a sell trade below 79.3, then use 79.3 as stoploss and 75.9 as target. However if you take a buy trade in stock , then use 79.3 as stoploss and 83.4 as target.
Share price targets for Formula Systems (FORTY)
Target Type | Value |
Downside Target | 70.89 |
Downside Target | 73.00 |
Downside Target | 74.66 |
Downside Target | 80.84 |
Downside Target | 80.85 |
Upside Target | 82.43 |
Upside Target | 82.55 |
Upside Target | 84.97 |
Upside Target | 85.75 |
Intraday share price targets for Formula Systems (FORTY)
Target Type | Value |
Downside Intraday Target | 76.95 |
Downside Intraday Target | 73.05 |
Upside Intraday Target | 82.8 |
Upside Intraday Target | 84.75 |
Downside Intraday Target | 78.9 |
Weekly technical analysis of Formula Systems (FORTY)
Date | Weekly Closing Price | Open | High | Low | Volume |
01 Wed Feb 2023 | 80.85 | 75.00 | 80.85 | 75.00 | 0.72 times |
27 Fri Jan 2023 | 77.70 | 79.50 | 82.55 | 77.70 | 1.18 times |
20 Fri Jan 2023 | 79.07 | 78.00 | 79.07 | 78.00 | 15.267 times |
04 Wed Jan 2023 | 74.66 | 74.66 | 74.66 | 74.66 | 0.903 times |
30 Fri Dec 2022 | 70.89 | 70.89 | 70.89 | 70.89 | 0.11 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 |
01 Wed Feb 2023 | 80.85 | 80.84 | 80.85 | 80.84 | 0.107 times |
31 Tue Jan 2023 | 78.79 | 74.66 | 82.55 | 74.66 | 0.713 times |
30 Fri Dec 2022 | 70.89 | 83.04 | 84.97 | 70.89 | 0.385 times |
30 Wed Nov 2022 | 82.43 | 80.55 | 82.43 | 73.00 | 0.988 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 | 50, 29, 27 | Buy |
MACD | 0, -1 | Buy |
Stochastics | 60 | None |
CCI | 98 | Buy |
RSI | 48 | Sell |
OBV | 1573 | Sell |
VWAP | 79 | Buy |
ADL | 0 | Sell |
ROC | 14 | Buy |
Force Index | 0 | Sell |
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 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 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 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 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 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 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 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 78.79 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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