Technical Analysis for FORTY - Formula Systems (1985) Ltd.
|Grade||Last Price||% Change||Price Change|
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.
|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%|
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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.
|Indicator||Bull Case||Neutral / Hold||Bear Case|
|Oversold / Overbought|
|Summary:||Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.|
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|52 Week High||45.65|
|52 Week Low||32.55|
|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|
|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|
|MACD Signal Line||-0.1656|
|Market Cap||554.88 Million|
|Num Shares||14.3 Million|
|Price-to-Earnings (P/E) Ratio||47.78|
|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|
|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|