FORMULA SYSTEMS 1985-SP ADR (FORTY) Stock Technical Analysis
NASDAQ:FORTY - Nasdaq - US3464141056 - ADR - Currency: USD
Taking everything into account, FORTY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FORTY has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month FORTY has a been trading in the 89.81 - 100.00 range, which is quite wide. It is currently trading near the lows of this range.
Warning: FORTY has an average volume of 735 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that FORTY is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, FORTY also shows a nice and consistent pattern of rising prices.
FORTY is one of the better performing stocks in the IT Services industry, it outperforms 86% of 81 stocks in the same industry.
FORTY is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so FORTY slightly outperforms the market at the moment.
Considerably lower volume is observed in the last couple of days.
Although FORTY has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
77.01
100.99
When analyzing the support we can see 3 important areas.
- A support zone ranging from 91.06 to 91.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @79.18 from a trend line in the daily time frame.
- Support @77.79 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 99.77 to 99.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.77
Mansfield0.84
10 Day High99.92
10 Day Low89.81
20 Day High100
20 Day Low89.81
52 Week High100
52 Week Low60.39
Performance
1 Week-5.54%
2 Weeks-8.74%
1 Month1.19%
3 Month13.99%
6 Month16.54%
12 Month40.32%
2 Year39.02%
3 Year-9.37%
5 Year70.56%
10 Year226.13%
15 Year477.53%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-1.1
RSI(14)42.68
LBB91.17
UBB102.06
NASDAQ:FORTY (3/7/2025, 8:27:40 PM)
91.25
-0.75 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-0.82%
1 Week-5.54%
2 Weeks-8.74%
1 Month1.19%
3 Month13.99%
6 Month16.54%
12 Month40.32%
2 Year39.02%
3 Year-9.37%
5 Year70.56%
10 Year226.13%
15 Year477.53%
Volatility
ATR(14)1.94
ATR(20)%2.05%
ATR Inc109.69%
Range Today0
ADR(20)0.83
ADR(20)%0.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.77
Mansfield0.84
10 Day High99.92
10 Day Low89.81
20 Day High100
20 Day Low89.81
52 Week High100
52 Week Low60.39
CS1 End91.24
CR1 Start99.77
Volume & EV
DER(3)6.19%
DER(5)6.57%
Volume100
Volume Incr-61.81%
Vol(5)380
Vol(50)735.58