Technical Analysis for FORTY - Formula Systems (1985) Ltd.

Grade Last Price % Change Price Change
grade C 38.7 1.84% 0.70
FORTY closed up 1.84 percent on Friday, January 18, 2019, on 3.44 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical FORTY trend table...

Date Alert Name Type % Chg
Jan 18 200 DMA Resistance Bearish 0.00%
Jan 18 Pocket Pivot Bullish Swing Setup 0.00%
Jan 18 Volume Surge Other 0.00%
Jan 18 Narrow Range Bar Range Contraction 0.00%
Jan 18 Stochastic Reached Overbought Strength 0.00%
Jan 18 Gapped Up Strength 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 14 Fell Below 200 DMA Bearish 1.84%
Jan 14 50 DMA Support Bullish 1.84%
Jan 14 MACD Bullish Centerline Cross Bullish 1.84%

Older signals for FORTY ...

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Profile
Formula Systems (1985) Ltd., through its subsidiaries, operates as an information technology (IT) solutions and services company worldwide. The company engages in the development of customer software systems; customization of software developed to provide a response to customers' requirements; systems assimilation; provision of offshore and domestic services primarily for software developments and quality assurance, and software testing; integration of various components; and distribution and support of software products. It also supplies infrastructure solutions for computer and communication systems, as well as sells and markets hardware products; and operates technological training and qualification centers, which provide professional courses for hi-tech personnel, training and assimilation of computer systems, applications courses, professional training, soft-skills training, and training for capital market operations. In addition, the company develops, markets, sells, and supports application platform, and business and process integration solutions, including uniPaas Application Platform, an application platform that supports various deployment models; iBOLT Business and Process Integration Platform, a graphical wizard-based code-free solution for business processes and applications; and AppBuilder Application Platform, a development environment used for managing, maintaining, and reusing applications. Further, it offers consulting and software development project management, maintenance, technical support, and training services; telecom infrastructure technologies, cargo handling, and installation services; and software solutions, IT services, and outsourcing of application maintenance services for the insurance industry. The company was founded in 1985 and is headquartered in Or Yehuda, Israel. Formula Systems (1985) Ltd. is a subsidiary of Asseco Poland S.A.
Is FORTY a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 45.65
52 Week Low 32.55
Average Volume 872
200-Day Moving Average 38.9787
50-Day Moving Average 38.0979
20-Day Moving Average 37.293
10-Day Moving Average 37.436
Average True Range 1.4759
ADX 8.47
+DI 46.4797
-DI 42.3623
Chandelier Exit (Long, 3 ATRs ) 35.0123
Chandelier Exit (Short, 3 ATRs ) 38.9277
Upper Bollinger Band 39.8067
Lower Bollinger Band 34.7793
Percent B (%b) 0.78
BandWidth 13.480814
MACD Line 0.1079
MACD Signal Line -0.1656
MACD Histogram 0.2735
Fundamentals Value
Market Cap 554.88 Million
Num Shares 14.3 Million
EPS 0.81
Price-to-Earnings (P/E) Ratio 47.78
Price-to-Sales 0.50
Price-to-Book 1.73
PEG Ratio 0.00
Dividend 0.68
Dividend Yield 1.76%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.30
Resistance 3 (R3) 39.37 39.23 39.20
Resistance 2 (R2) 39.23 39.08 39.20 39.17
Resistance 1 (R1) 38.97 38.99 38.90 38.90 39.13
Pivot Point 38.83 38.83 38.80 38.80 38.83
Support 1 (S1) 38.57 38.68 38.50 38.50 38.27
Support 2 (S2) 38.43 38.59 38.40 38.23
Support 3 (S3) 38.17 38.43 38.20
Support 4 (S4) 38.10