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

Grade Last Price % Change Price Change
A 84.44 -0.89% -0.76
FORTY closed down 0.89 percent on Friday, November 1, 2024, on 25 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: Nov 20
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Stochastic Sell Signal Bearish -0.89%
Slingshot Bullish Bullish Swing Setup -0.89%
Volume Surge Other -0.89%
Calm After Storm Range Contraction -0.89%
Overbought Stochastic Strength -0.89%
Gapped Down Weakness -0.89%

   Recent Intraday Alerts

Alert Time
Fell Below Previous Day's Low about 18 hours ago
Gapped Down (Full) 2 days ago
2x Volume Pace 2 days ago
1.5x Volume Pace 2 days ago
3x Volume Pace 2 days ago

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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 Insurance Industry Project Management Software Development Communication Systems Hardware Product Software System Quality Assurance Infrastructure Solutions Enterprise Application Integration Software Testing Telecom Infrastructure Application Maintenance Services

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 87.5
52 Week Low 56.227
Average Volume 444
200-Day Moving Average 75.40
50-Day Moving Average 77.62
20-Day Moving Average 80.34
10-Day Moving Average 83.31
Average True Range 1.42
RSI (14) 61.69
ADX 18.69
+DI 58.88
-DI 35.60
Chandelier Exit (Long, 3 ATRs) 83.24
Chandelier Exit (Short, 3 ATRs) 78.48
Upper Bollinger Bands 87.24
Lower Bollinger Band 73.44
Percent B (%b) 0.8
BandWidth 17.17
MACD Line 2.21
MACD Signal Line 1.70
MACD Histogram 0.5136
Fundamentals Value
Market Cap 1.29 Billion
Num Shares 15.3 Million
EPS 4.07
Price-to-Earnings (P/E) Ratio 20.75
Price-to-Sales 0.41
Price-to-Book 1.83
PEG Ratio 0.00
Dividend 0.60
Dividend Yield 0.71%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 84.44
Resistance 3 (R3) 84.44 84.44 84.44
Resistance 2 (R2) 84.44 84.44 84.44 84.44
Resistance 1 (R1) 84.44 84.44 84.44 84.44 84.44
Pivot Point 84.44 84.44 84.44 84.44 84.44
Support 1 (S1) 84.44 84.44 84.44 84.44 84.44
Support 2 (S2) 84.44 84.44 84.44 84.44
Support 3 (S3) 84.44 84.44 84.44
Support 4 (S4) 84.44