FORMULA SYSTEMS 1985-SP ADR (FORTY)
US3464141056 - ADR
Overall FORTY gets a technical rating of 5 out of 10. In the last year, FORTY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month FORTY has a been trading in the 72.52 - 83.19 range, which is quite wide. It is currently trading near the lows of this range.
Warning: FORTY has an average volume of 472 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
FORTY is part of the IT Services industry. There are 86 other stocks in this industry. FORTY outperforms 74% of them.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that FORTY is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
FORTY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so FORTY is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
FORTY has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
64.92
83.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 72.67 to 72.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.58 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.04 to 83.09. 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
CRS71.17
Mansfield-0.61
10 Day High80.83
10 Day Low72.52
20 Day High83.19
20 Day Low72.52
52 Week High83.19
52 Week Low55.97
Performance
1 Week-1.55%
2 Weeks-12.14%
1 Month-3.31%
3 Month14.4%
6 Month-0.75%
12 Month5.95%
2 Year-21.62%
3 Year-16.33%
5 Year55.02%
10 Year140.92%
15 Year904.13%
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)-1.11
RSI(14)42.44
LBB71.07
UBB83.08
FORMULA SYSTEMS 1985-SP ADR
NASDAQ:FORTY (5/1/2024, 3:00:06 PM)
73
-1.8 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.41%
1 Week-1.55%
2 Weeks-12.14%
1 Month-3.31%
3 Month14.4%
6 Month-0.75%
12 Month5.95%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.38
ATR(20)%3.08%
ATR Inc
Range Today0.05
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High80.83
10 Day Low72.52
20 Day High83.19
20 Day Low72.52
52 Week High83.19
52 Week Low55.97
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume414
Volume Incr-54.19%
Vol(5)242.8
Vol(50)472.28