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

Grade Last Price % Change Price Change
D 84.2 -0.93% -0.79
FORTY closed down 5.03 percent on Tuesday, March 2, 2021, on 1.52 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent EOD Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish -0.93%
Fell Below 50 DMA Bearish -0.93%
Cup with Handle Other -0.93%
Oversold Stochastic Weakness -0.93%
Slingshot Bearish Bearish Swing Setup -5.91%
Crossed Above 20 DMA Bullish -5.91%
Crossed Above 50 DMA Bullish -5.91%
Stochastic Buy Signal Bullish -5.91%
180 Bullish Setup Bullish Swing Setup -5.91%
Gapped Up Strength -5.91%
Older End-of-Day Signals for FORTY ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 3% about 4 hours ago
Fell Below Previous Day's Low about 4 hours ago
3x Volume Pace about 6 hours ago
2x Volume Pace about 6 hours ago
1.5x Volume Pace about 6 hours ago
View Earlier Intraday Alerts

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Profile

Formula Systems (1985) Ltd. Description

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.


Classification

Sector: Technology
Industry: Information Technology Services
Keywords: Computing Cloud Computing Capital Market Insurance Industry Software Solutions Project Management Software Development Installation Services Quality Assurance Communication Systems Hardware Product Hardware Products Software System Infrastructure Solutions Software Systems Enterprise Application Integration Software Testing Formula Systems Telecom Infrastructure 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 99.06
52 Week Low 36.7501
Average Volume 3,130
200-Day Moving Average 78.50
50-Day Moving Average 86.93
20-Day Moving Average 88.94
10-Day Moving Average 86.31
Average True Range 4.72
ADX 16.05
+DI 20.61
-DI 21.39
Chandelier Exit (Long, 3 ATRs ) 83.27
Chandelier Exit (Short, 3 ATRs ) 93.41
Upper Bollinger Band 98.01
Lower Bollinger Band 79.86
Percent B (%b) 0.28
BandWidth 20.41
MACD Line -0.88
MACD Signal Line 0.00
MACD Histogram -0.8827
Fundamentals Value
Market Cap 1.3 Billion
Num Shares 15.3 Million
EPS 2.89
Price-to-Earnings (P/E) Ratio 29.39
Price-to-Sales 0.68
Price-to-Book 2.82
PEG Ratio 0.00
Dividend 1.03
Dividend Yield 1.21%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 89.34
Resistance 3 (R3) 89.09 87.40 88.62
Resistance 2 (R2) 87.40 86.29 87.52 88.37
Resistance 1 (R1) 86.19 85.60 86.80 86.44 88.13
Pivot Point 84.50 84.50 84.80 84.62 84.50
Support 1 (S1) 83.29 83.39 83.90 83.54 81.85
Support 2 (S2) 81.60 82.70 81.72 81.61
Support 3 (S3) 80.39 81.60 81.37
Support 4 (S4) 80.64