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.
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
96.85
4 important support areas can be observed.
- A support zone ranging from 143.48 to 144.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @139.79 from a trend line in the weekly time frame.
- Support @100.55 from a trend line in the weekly time frame.
- Support @97.83 from a trend 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 | 96.27 | POSITIVE | FORTY has a high relative strength, it outperformed 96.27% 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) | 55.51 | NEUTRAL | The RSI value for FORTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.16 | POSITIVE | The MACD value suggests FORTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.9 | OVERBOUGHT | The high Stochastics value suggests FORTY may be overbought. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for FORTY suggests some volalility. |
| Average Directional Index/ADX (14) | 25.08 | POSITIVE | The high ADX value value for FORTY suggests a strong trend. |
NASDAQ:FORTY (12/29/2025, 8:00:00 PM)
167.02
-23.54 (-12.35%)
FORMULA SYSTEMS 1985-SP ADR / FORTY FAQ
Can you provide the ChartMill technical rating for FORMULA SYSTEMS 1985-SP ADR?
ChartMill assigns a technical rating of 10 / 10 to FORTY.
Can you provide the trend direction for FORMULA SYSTEMS 1985-SP ADR?
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 55.5061. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FORMULA SYSTEMS 1985-SP ADR?
The MACD indicator for FORMULA SYSTEMS 1985-SP ADR (FORTY) has a value of 2.16127, indicating a bullish trend.
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 144.68. Check the full technical report for our detailed analysis of FORTY support and resistance levels.