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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 2024-01-23 View latest technical analysis

10 day averaged volume of Formula Systems is 430

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	60.39	60.39	60.39	60.39	0.465 times
18 Thu Jan 2024	63.81	63.41	65.78	63.41	1.395 times
17 Wed Jan 2024	60.43	60.43	60.43	60.43	1.163 times
11 Thu Jan 2024	64.21	64.21	64.21	64.21	0.233 times
08 Mon Jan 2024	64.50	63.48	64.50	63.48	2.558 times
02 Tue Jan 2024	65.03	65.92	65.92	65.03	0.465 times
27 Wed Dec 2023	65.31	65.31	65.31	65.16	1.163 times
26 Tue Dec 2023	66.87	66.87	66.94	66.87	1.395 times
22 Fri Dec 2023	64.75	64.75	64.75	64.75	0.93 times
21 Thu Dec 2023	65.00	65.00	65.00	65.00	0.233 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 59.8 as stoploss in an intra day buy trade for a target of 62.24. However, stock will show a bearish move below 59.8.

Share price targets for Formula Systems (FORTY)

Target Type	Value
Downside Target	55.97
Downside Target	57.15
Downside Target	60.39
Upside Target	63.48
Upside Target	65.78
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	60.39
Downside Intraday Target	60.39
Downside Intraday Target	60.39
Downside Intraday Target	60.39
Upside Intraday Target	60.39

Weekly technical analysis of Formula Systems (FORTY)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	60.39	60.39	60.39	60.39	0.182 times
18 Thu Jan 2024	63.81	60.43	65.78	60.43	0.917 times
11 Thu Jan 2024	64.21	63.48	64.50	63.48	6 times
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

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
23 Tue Jan 2024	60.39	65.92	65.92	60.39	0.458 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Formula Systems ( (FORTY) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Formula Systems in short term and the sell signal is strong.

Formula Systems Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 BUY signal in short term but buying is losing 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 64.22 and Formula Systems (FORTY) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.