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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.

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, -1Buy
Stochastics 60None
CCI 98Buy
RSI 48Sell
OBV 1573Sell
VWAP 79Buy
ADL 0Sell
ROC 14Buy
Force Index 0Sell

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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Daily chart

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