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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 2024-01-25 View latest technical analysis

10 day averaged volume of Formula Systems is 430

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	66.04	66.97	67.10	66.00	3.721 times
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

Stock of Formula Systems (FORTY) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 65.1, but if it comes below 65.1, then a intra day sell could be more profitable.
If you take a sell trade below 65.1, then use 65.1 as stoploss and 62.5 as target. However if you take a buy trade in stock , then use 65.1 as stoploss and 68.2 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	63.48
Downside Target	65.92
Upside Target	66.94
Upside Target	67.10
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	61.92
Downside Intraday Target	57.8
Upside Intraday Target	68.63
Upside Intraday Target	71.22
Downside Intraday Target	64.51

Weekly technical analysis of Formula Systems (FORTY)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Formula Systems (FORTY)

Date	Monthly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	66.04	65.92	67.10	60.39	0.729 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 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 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 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 to mid 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 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 but the buy signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

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 BUY signal in short term and the buying is gaining 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 64.71 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.