FORMULA SYSTEMS 1985-SP ADR (FORTY) Technical Analysis
NASDAQ:FORTY • US3464141056
Current stock price
FORTY Technical Rating and Analysis
Taking everything into account, FORTY scores 5 out of 10 in our technical rating. FORTY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Warning: FORTY has an average volume of 538 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, FORTY did better than 80% of all other 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 86% of 87 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
- In the last month FORTY has a been trading in the 115.00 - 170.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FORTY Weekly and Daily overview Charts
FORTY Setup Rating and Analysis
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
FORTY Support and Resistance Analysis
91.40
4 important support areas can be observed.
- A support zone ranging from 115.00 to 117.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @104.92 from a trend line in the weekly time frame.
- Support @97.73 from a trend line in the daily time frame.
- Support @92.32 from a trend line in the weekly time frame.
FORTY Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for FORTY is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FORTY is down. |
| ChartMill Relative Strength | 80.93 | POSITIVE | FORTY has a high relative strength, it outperformed 80.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FORTY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FORTY is below a declining 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) | 48.14 | NEUTRAL | The RSI value for FORTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests FORTY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.54 | NEUTRAL | The Stochastics value for FORTY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for FORTY suggests high volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for FORTY suggests a possible start of a new trend. |
FORTY Chart- and CandleStick Pattern Analysis
FORTY Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:FORTY (3/18/2026, 8:09:12 PM)
134.875
+8.89 (+7.05%)
FORMULA SYSTEMS 1985-SP ADR / FORTY TA FAQ
Can you provide the ChartMill technical rating for FORMULA SYSTEMS 1985-SP ADR?
ChartMill assigns a technical rating of 5 / 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 Bearish.
Can you provide the RSI signal for FORMULA SYSTEMS 1985-SP ADR?
FORMULA SYSTEMS 1985-SP ADR (FORTY) has an RSI value of 48.1366. 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 -0.320552, indicating a bearish 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 117.08. Check the full technical report for our detailed analysis of FORTY support and resistance levels.