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. 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: FORTY has an average volume of 944 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.
Looking at the yearly performance, FORTY did better than 87% of all other stocks. On top of that, FORTY also shows a nice and consistent pattern of rising prices.
FORTY is part of the IT Services industry. There are 82 other stocks in this industry. FORTY outperforms 72% 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 84.52 - 110.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
80.44
111.10
3 important support areas can be observed.
- A support zone ranging from 86.97 to 87.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.99 from a horizontal line in the daily time frame.
- Support @81.25 from a trend line in the weekly 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 | 87.73 | POSITIVE | FORTY has a high relative strength, it outperformed 87.73% 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) | 69.71 | NEUTRAL | The RSI value for FORTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.05 | POSITIVE | The MACD value suggests FORTY has a positive trend. |
| Stochastics (14,3) | 85.62 | OVERBOUGHT | The high Stochastics value suggests FORTY may be overbought. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for FORTY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.72 | 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 (5/30/2025, 8:00:00 PM)
110
+1.5 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.38%
1 Week8.02%
2 Weeks25.07%
1 Month26.89%
3 Month10.97%
6 Month34.11%
12 Month32.51%
2 Year57.62%
3 Year18.1%
5 Year42.88%
10 Year295.68%
15 Year780%
Volatility
ATR(14)4.95
ATR(20)%3.7%
ATR Inc43.59%
Range Today0
ADR(20)1.77
ADR(20)%1.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.73
Mansfield2.38
10 Day High110
10 Day Low87
20 Day High110
20 Day Low84.52
52 Week High110
52 Week Low69.07
CS1 End87.44
CR1 StartN/A
Volume & EV
DER(3)-11.11%
DER(5)-6.67%
Volume200
Volume Incr-47.21%
Vol(5)520
Vol(50)944