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

Grade Last Price % Change Price Change
grade A 62.514 2.48% 1.51
FORTY closed up 2.48 percent on Tuesday, September 17, 2019, on 78 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical FORTY trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Gapped Up Strength 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.48%
Narrow Range Bar Range Contraction 2.48%
Inside Day Range Contraction 2.48%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.20%
Stochastic Reached Overbought Strength -2.20%
Outside Day Range Expansion -2.20%
Overbought Stochastic Strength -2.20%

Older signals for FORTY ...

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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.
Computing Information Technology Digital Technology Cloud Computing Insurance Industry Software Solutions Hardware Products Installation Services Communication Systems Software Testing Enterprise Application Integration Application Maintenance Services Software Ag
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: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicator Value
52 Week High 64.8
52 Week Low 32.55
Average Volume 384
200-Day Moving Average 42.7757
50-Day Moving Average 54.3373
20-Day Moving Average 59.8659
10-Day Moving Average 62.1724
Average True Range 2.4303
ADX 25.5
+DI 36.869
-DI 26.3349
Chandelier Exit (Long, 3 ATRs ) 57.5091
Chandelier Exit (Short, 3 ATRs ) 58.5009
Upper Bollinger Band 66.7471
Lower Bollinger Band 52.9847
Percent B (%b) 0.69
BandWidth 22.988713
MACD Line 2.5131
MACD Signal Line 2.7118
MACD Histogram -0.1987
Fundamentals Value
Market Cap 896.32 Million
Num Shares 14.3 Million
EPS 0.81
Price-to-Earnings (P/E) Ratio 77.18
Price-to-Sales 0.50
Price-to-Book 1.73
PEG Ratio 0.00
Dividend 0.68
Dividend Yield 1.09%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 62.51
Resistance 3 (R3) 62.51 62.51 62.51
Resistance 2 (R2) 62.51 62.51 62.51 62.51
Resistance 1 (R1) 62.51 62.51 62.51 62.51 62.51
Pivot Point 62.51 62.51 62.51 62.51 62.51
Support 1 (S1) 62.51 62.51 62.51 62.51 62.51
Support 2 (S2) 62.51 62.51 62.51 62.51
Support 3 (S3) 62.51 62.51 62.51
Support 4 (S4) 62.51