FORMULA SYSTEMS 1985-SP ADR (FORTY) Stock Technical Analysis
NASDAQ:FORTY - Nasdaq - US3464141056 - ADR - Currency: USD
We assign a technical rating of 10 out of 10 to FORTY. 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 980 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FORTY did better than 90% 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 part of the IT Services industry. There are 82 other stocks in this industry. FORTY outperforms 76% of them.
FORTY is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FORTY is leading the market.
In the last month FORTY has a been trading in the 85.30 - 113.30 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. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
81.12
114.13
We found 4 important support areas.
- A support zone ranging from 99.13 to 102.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @91.27 from a trend line in the daily time frame.
- A support zone ranging from 87.10 to 88.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 81.94 to 82.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 90.13 | POSITIVE | FORTY has a high relative strength, it outperformed 90.13% 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) | 66.5 | NEUTRAL | The RSI value for FORTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests FORTY has a positive trend. |
| Stochastics (14,3) | 91.97 | OVERBOUGHT | The high Stochastics value suggests FORTY may be overbought. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for FORTY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.75 | NEUTRAL | The ADX value for FORTY suggests a possible start of a new 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 (6/18/2025, 8:00:00 PM)
113
+1.7 (+1.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.53%
1 Week3.99%
2 Weeks15.28%
1 Month23.88%
3 Month19.46%
6 Month29.14%
12 Month42.5%
2 Year51.67%
3 Year21.77%
5 Year45.64%
10 Year318.36%
15 Year784.89%
Volatility
ATR(14)4.24
ATR(20)%4.06%
ATR Inc-63.07%
Range Today0.3
ADR(20)1.8
ADR(20)%1.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.13
Mansfield2.46
10 Day High113.3
10 Day Low97.5
20 Day High113.3
20 Day Low85.3
52 Week High113.3
52 Week Low69.07
CS1 End102
CR1 StartN/A
Volume & EV
DER(3)-7.41%
DER(5)-13.54%
Volume600
Volume Incr53.85%
Vol(5)1.10K
Vol(50)980