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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 1086

Date Daily Closing Price Open High Low Volume
23 Wed Nov 2022 77.23 78.00 78.00 77.12 0.645 times
18 Fri Nov 2022 80.03 80.03 80.03 80.03 0.368 times
17 Thu Nov 2022 78.60 78.66 79.03 78.60 0.829 times
16 Wed Nov 2022 79.39 79.39 79.39 79.39 0.368 times
15 Tue Nov 2022 81.00 80.25 81.00 80.25 0.368 times
14 Mon Nov 2022 80.80 79.49 80.80 79.49 0.829 times
11 Fri Nov 2022 82.00 80.64 82.00 80.62 2.21 times
10 Thu Nov 2022 78.69 77.70 78.69 77.70 1.105 times
09 Wed Nov 2022 73.00 74.82 74.82 73.00 0.552 times
08 Tue Nov 2022 75.52 76.61 76.66 75.52 2.36 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 76.6 as stoploss in an intra day buy trade for a target of 78.65. However, stock will show a bearish move below 76.6.

Share price targets for Formula Systems (FORTY)

Target Type Value
Downside Target 73.00
Upside Target 80.21
Upside Target 81.00
Upside Target 82.00
Upside Target 85.75
Upside Target 87.51
Upside Target 96.70
Upside Target 100.59
Upside Target 104.50
Upside Target 110.42

Intraday share price targets for Formula Systems (FORTY)

Target Type Value
Downside Intraday Target 76.9
Downside Intraday Target 76.57
Upside Intraday Target 77.78
Upside Intraday Target 78.33
Upside Intraday Target 77.45

Weekly technical analysis of Formula Systems (FORTY)

Date Weekly Closing Price Open High Low Volume
23 Wed Nov 2022 77.23 78.00 78.00 77.12 0.233 times
18 Fri Nov 2022 80.03 79.49 81.00 78.60 0.382 times
11 Fri Nov 2022 82.00 75.35 82.00 73.00 1.248 times
04 Fri Nov 2022 78.00 80.20 80.55 75.10 1.286 times
28 Fri Oct 2022 79.41 77.53 80.21 77.32 1.361 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 Wed Nov 2022 77.23 80.55 82.00 73.00 0.838 times
31 Mon Oct 2022 80.21 81.47 85.75 76.21 0.976 times
30 Fri Sep 2022 82.34 97.19 100.59 73.98 1.213 times
31 Wed Aug 2022 103.48 99.80 104.50 96.70 1.012 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)

Indicator Name Indicator Value Indicator Signal
ADX 30, 44, 18 Sell
MACD -3, -4Buy
Stochastics 62None
CCI -42Sell
RSI 51Buy
OBV -3363Sell
VWAP 79Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

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 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 SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Formula Systems in short term but the buy signal is initial and weak.

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 tired and bears are picking up momentum.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Formula Systems is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 78.59 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 negative.

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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