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

Grade Last Price % Change Price Change
grade C 69.05 -2.68% -1.90
FORTY closed up 1.94 percent on Thursday, February 6, 2020, on 73 percent of normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down
Historical FORTY trend table...

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish -2.68%
Narrow Range Bar Range Contraction -2.68%
Gapped Up Strength -2.68%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 2.31%
Narrow Range Bar Range Contraction 2.31%
Down 3 Days in a Row Weakness 2.31%
Down 4 Days in a Row Weakness 2.31%
MACD Bearish Signal Line Cross Bearish -0.22%
Hammer Candlestick Bullish -0.22%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -0.22%

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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.
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

Indicators

Indicator Value
52 Week High 77.85
52 Week Low 32.55
Average Volume 546
200-Day Moving Average 49.20
50-Day Moving Average 67.39
20-Day Moving Average 70.25
10-Day Moving Average 72.00
Average True Range 2.91
ADX 11.81
+DI 41.52
-DI 35.20
Chandelier Exit (Long, 3 ATRs ) 69.13
Chandelier Exit (Short, 3 ATRs ) 71.77
Upper Bollinger Band 77.41
Lower Bollinger Band 63.10
Percent B (%b) 0.55
BandWidth 20.37
MACD Line 0.88
MACD Signal Line 1.26
MACD Histogram -0.3729
Fundamentals Value
Market Cap 1.02 Billion
Num Shares 14.3 Million
EPS 0.81
Price-to-Earnings (P/E) Ratio 87.59
Price-to-Sales 0.50
Price-to-Book 1.73
PEG Ratio 0.00
Dividend 0.68
Dividend Yield 0.96%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 70.95
Resistance 3 (R3) 70.95 70.95 70.95
Resistance 2 (R2) 70.95 70.95 70.95 70.95
Resistance 1 (R1) 70.95 70.95 70.95 70.95 70.95
Pivot Point 70.95 70.95 70.95 70.95 70.95
Support 1 (S1) 70.95 70.95 70.95 70.95 70.95
Support 2 (S2) 70.95 70.95 70.95 70.95
Support 3 (S3) 70.95 70.95 70.95
Support 4 (S4) 70.95