FORMULA SYSTEMS 1985-SP ADR (FORTY) Stock Technical Analysis
NASDAQ:FORTY - US3464141056 - ADR
130.55 USD
+1.53 (+1.19%)
Overall FORTY gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FORTY is showing a nice and steady performance.
Warning: FORTY has an average volume of 856 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FORTY is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by FORTY over the past year are nicely spread over this period.
FORTY is one of the better performing stocks in the IT Services industry, it outperforms 89% of 83 stocks in the same industry.
FORTY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FORTY has a been trading in the 107.65 - 133.45 range, which is quite wide. It is currently trading near the high of this range.
Although FORTY has an excellent technical rating, it does not present a decent entry opportunity 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
82.16
131.86
5 important support areas can be observed.
- A support zone ranging from 113.83 to 114.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @92.90 from a trend line in the weekly time frame.
- Support @91.35 from a trend line in the daily time frame.
- Support @87.10 from a horizontal line in the daily time frame.
- Support @82.99 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FORTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FORTY is up. |
| ChartMill Relative Strength | 93.89 | POSITIVE | FORTY has a high relative strength, it outperformed 93.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FORTY is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FORTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FORTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.29 | NEUTRAL | The RSI value for FORTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests FORTY has a positive trend. |
| Stochastics (14,3) | 95.63 | OVERBOUGHT | The high Stochastics value suggests FORTY may be overbought. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for FORTY suggests some volalility. |
| Average Directional Index/ADX (14) | 19.27 | NEGATIVE | The low ADX value for FORTY suggests a weak or negative trend. |
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)
NASDAQ:FORTY (8/26/2025, 10:23:32 AM)
130.55
+1.53 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.19%
1 Week2.8%
2 Weeks10.37%
1 Month-4.4%
3 Month32.86%
6 Month48.33%
12 Month86.8%
2 Year75.78%
3 Year24.68%
5 Year38.78%
10 Year297.6%
15 Year837.65%
Volatility
ATR(14)5.58
ATR(20)%3.91%
ATR Inc-70.1%
Range Today0
ADR(20)0.91
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.89
Mansfield2.62
10 Day High131.25
10 Day Low107.65
20 Day High133.45
20 Day Low107.65
52 Week High134.96
52 Week Low69.28
CS1 End114.06
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)3.75%
Volume129
Volume Incr-40.1%
Vol(5)620
Vol(50)856