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.
Although FORTY has an excellent technical rating, it 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
82.16
When analyzing the support we can see 6 important areas.
- A support zone ranging from 139.69 to 140.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 134.22 to 135.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.22 from a horizontal line in the daily time frame.
- Support @98.91 from a trend line in the weekly time frame.
- Support @96.78 from a trend 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 | 95.84 | POSITIVE | FORTY has a high relative strength, it outperformed 95.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FORTY is above the rising 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) | 55.19 | NEUTRAL | The RSI value for FORTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests FORTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.22 | NEUTRAL | The Stochastics value for FORTY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for FORTY suggests some volalility. |
| Average Directional Index/ADX (14) | 15.98 | NEGATIVE | The low ADX value for FORTY suggests a weak or negative trend. |
NASDAQ:FORTY (11/21/2025, 8:00:01 PM)
149.75
-11.29 (-7.01%)
FORMULA SYSTEMS 1985-SP ADR / FORTY FAQ
What is the technical rating for FORTY stock?
ChartMill assigns a technical rating of 10 / 10 to FORTY.
What is the current trend direction of FORMULA SYSTEMS 1985-SP ADR (FORTY) stock?
The current trend direction for FORMULA SYSTEMS 1985-SP ADR (FORTY) is Bullish.
Can you provide the RSI signal for FORMULA SYSTEMS 1985-SP ADR?
FORMULA SYSTEMS 1985-SP ADR (FORTY) has an RSI value of 55.1877. This indicates that the stock is currently neutral.
What is the short term momentum for FORTY stock?
The short term momentum for FORMULA SYSTEMS 1985-SP ADR (FORTY) is positive.
What are the support and resistance levels for FORMULA SYSTEMS 1985-SP ADR (FORTY) stock?
FORMULA SYSTEMS 1985-SP ADR (FORTY) has a support level at 140.51. Check the full technical report for our detailed analysis of FORTY support and resistance levels.