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

Grade Last Price % Change Price Change
grade B 42.0 0.00% 0.00
FORTY closed down 2.33 percent on Tuesday, March 12, 2019, on 12 percent of normal volume. 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.

Earnings due: Mar 21

*** please verify all earnings dates ***

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

Date Alert Name Type % Chg
Mar 12 Stochastic Sell Signal Bearish 0.00%
Mar 12 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Mar 12 Narrow Range Bar Range Contraction 0.00%
Mar 12 Inside Day Range Contraction 0.00%
Mar 12 Overbought Stochastic Strength 0.00%
Mar 7 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.33%
Mar 7 Outside Day Range Expansion -2.33%
Mar 7 Above Upper BB Strength -2.33%
Mar 7 Overbought Stochastic Strength -2.33%
Mar 7 Upper Bollinger Band Touch Strength -2.33%

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.
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: 3 bullish, 0 bearish and 2 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 827
200-Day Moving Average 39.1687
50-Day Moving Average 38.8421
20-Day Moving Average 38.9065
10-Day Moving Average 40.513
Average True Range 1.4517
ADX 10.66
+DI 51.1628
-DI 34.6153
Chandelier Exit (Long, 3 ATRs ) 38.6449
Chandelier Exit (Short, 3 ATRs ) 38.8551
Upper Bollinger Band 43.3176
Lower Bollinger Band 34.4954
Percent B (%b) 0.85
BandWidth 22.675388
MACD Line 1.1507
MACD Signal Line 0.6965
MACD Histogram 0.4541
Fundamentals Value
Market Cap 602.19 Million
Num Shares 14.3 Million
EPS 0.81
Price-to-Earnings (P/E) Ratio 51.85
Price-to-Sales 0.50
Price-to-Book 1.73
PEG Ratio 0.00
Dividend 0.68
Dividend Yield 1.62%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.00
Resistance 3 (R3) 42.00 42.00 42.00
Resistance 2 (R2) 42.00 42.00 42.00 42.00
Resistance 1 (R1) 42.00 42.00 42.00 42.00 42.00
Pivot Point 42.00 42.00 42.00 42.00 42.00
Support 1 (S1) 42.00 42.00 42.00 42.00 42.00
Support 2 (S2) 42.00 42.00 42.00 42.00
Support 3 (S3) 42.00 42.00 42.00
Support 4 (S4) 42.00