Munafa technical analysis Formula Systems (1985) Ltd. FORTY technical analysis buy or sell

Munafa technical analysis Formula Systems (1985) Ltd. FORTY technical analysis buy or sell Analysis of Formula Systems (1985) Ltd. FORTY to buy or sell for Daily, weekly or monthly

Date Close Open High Low
03 Fri May 76.80 75.31 76.80 75.31
02 Thu May 75.00 75.00 75.00 75.00
01 Wed May 73.00 73.05 73.05 73.00
26 Fri Apr 74.80 72.52 74.80 72.52
25 Thu Apr 74.60 74.60 74.60 74.60

Stock of Formula Systems (1985) Ltd. closed at 76.80 and it opened at 75.31
It moved inside a range of 75.31 and 76.80

52 week High is 83.19 and 52 week Low is 55.97
Financial Year High is 83.09 and Low is 72.52
This year High is 83.19 and Low is 60.39

Formula Systems (1985) Ltd. FORTY Daily Analysis to buy or sell

As per my analysis of Formula Systems (1985) Ltd. FORTY, 12 day returns for Formula Systems (1985) Ltd. FORTY have been negative, with total returns of -3.25, which is -4.06% with investment starting at 80.05.
An investment of 100,000 bucks in Formula Systems (1985) Ltd. would have become 95940 bucks today.

Formula Systems (1985) Ltd. FORTY moves in a range of 0.5 points on a day to day basis. This means that a total of approx 0.5 plus points of returns can be expected in a bullish day, and a total of 0.5 minus points can be expected in a bearish day.
This is about 0.65% of returns per day.

Formula Systems (1985) Ltd. Munafa analysis, looking for Trend and BUY or SELL opportunities.

 Formula Systems (1985) Ltd. Munafa analysis, looking for Trend and  BUY or SELL opportunities.

Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Formula Systems (1985) Ltd. FORTY at this time.

It appears as if Formula Systems (1985) Ltd. FORTY gave a large move recently.

Stock of Formula Systems (1985) Ltd. (FORTY) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, and the stock might move lower...

My analysis of Formula Systems (1985) Ltd. is bearish for shortterm, and stock might move down till 74.7 or till 70.7. Use a stoploss of 77.95 and if the stock hits stoploss, then it can shoot up till 81.24

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of Formula Systems (1985) Ltd. FORTY

 Daily Candle Stick analysis of Formula Systems (1985) Ltd. FORTY

Candle stick analysis of Formula Systems (1985) Ltd. as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 2 HC: 0 LC: 2 OC: 2

Formula Systems (1985) Ltd. is moving towards a high expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 02 Thu May 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 0 HC: 0 LC: 0 OC: 0

Formula Systems (1985) Ltd. is forming a DOJI candle

Candle stick analysis of Formula Systems (1985) Ltd. as on 01 Wed May 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 0.1 HC: 0.1 LC: 0 OC: 0

Formula Systems (1985) Ltd. is moving towards a low expiry

Formula Systems (1985) Ltd. is forming a DOJI candle

Candle stick analysis of Formula Systems (1985) Ltd. as on 26 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 3.1 HC: 0 LC: 3.1 OC: 3.1

Formula Systems (1985) Ltd. is moving towards a high expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 25 Thu Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 0 HC: 0 LC: 0 OC: 0

Formula Systems (1985) Ltd. is forming a DOJI candle

Formula Systems (1985) Ltd. FORTY Weekly Analysis to buy or sell

As per my analysis of Formula Systems (1985) Ltd. FORTY, 12 week returns for Formula Systems (1985) Ltd. FORTY have been positive, with total returns of 3.2, which is 4.35% with investment starting at 73.60.
An investment of 100,000 bucks in Formula Systems (1985) Ltd. would have become 104350 bucks today.

Formula Systems (1985) Ltd. FORTY moves in a range of 1.9 points on a week to week basis. This means that a total of approx 1.9 plus points of returns can be expected in a bullish week, and a total of 1.9 minus points can be expected in a bearish week.
This is about 2.47% of returns per week.

Weekly Candle Stick analysis of Formula Systems (1985) Ltd. FORTY

 Weekly Candle Stick analysis of Formula Systems (1985) Ltd. FORTY

Candle stick analysis of Formula Systems (1985) Ltd. as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 5.2 HC: 0 LC: 5.2 OC: 5.1

Formula Systems (1985) Ltd. is moving towards a high expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 3.4 HC: 0.3 LC: 3.1 OC: 0

Formula Systems (1985) Ltd. is moving towards a high expiry

Formula Systems (1985) Ltd. is forming a DOJI candle

Candle stick analysis of Formula Systems (1985) Ltd. as on 17 Wed Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 6.3 HC: 4.2 LC: 2.1 OC: 0

Formula Systems (1985) Ltd. is moving towards a low expiry

Formula Systems (1985) Ltd. is forming a DOJI candle

Candle stick analysis of Formula Systems (1985) Ltd. as on 12 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 6.1 HC: 4.8 LC: 1.3 OC: 3.7

Formula Systems (1985) Ltd. is moving towards a low expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 05 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 8.3 HC: 4.1 LC: 4 OC: 0.3

Formula Systems (1985) Ltd. is moving towards a low expiry

Formula Systems (1985) Ltd. is forming a DOJI candle

Formula Systems (1985) Ltd. FORTY Monthly Analysis to buy or sell

As per my analysis of Formula Systems (1985) Ltd. FORTY, 12 month returns for Formula Systems (1985) Ltd. FORTY have been positive, with total returns of 2.29, which is 3.07% with investment starting at 74.51.
An investment of 100,000 bucks in Formula Systems (1985) Ltd. would have become 103070 bucks today.

Formula Systems (1985) Ltd. FORTY moves in a range of 5.5 points on a month to month basis. This means that a total of approx 5.5 plus points of returns can be expected in a bullish month, and a total of 5.5 minus points can be expected in a bearish month.
This is about 7.16% of returns per month.

Monthly Candle Stick analysis of Formula Systems (1985) Ltd. FORTY

 Monthly Candle Stick analysis of Formula Systems (1985) Ltd. FORTY

Candle stick analysis of Formula Systems (1985) Ltd. as on 03 Fri May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 5.2 HC: 0 LC: 5.2 OC: 5.1

Formula Systems (1985) Ltd. is moving towards a high expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 14.6 HC: 11.1 LC: 3.1 OC: 2.6

Formula Systems (1985) Ltd. is moving towards a low expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 22 Fri Mar 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 11.7 HC: 0.2 LC: 11.4 OC: 6.5

Formula Systems (1985) Ltd. is moving towards a high expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 29 Thu Feb 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 17 HC: 0.3 LC: 16.6 OC: 15.6

Formula Systems (1985) Ltd. is moving towards a high expiry

Candle stick analysis of Formula Systems (1985) Ltd. as on 25 Thu Jan 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Formula Systems (1985) Ltd. are:
HL: 11.1 HC: 1.6 LC: 9.4 OC: 1.8

Formula Systems (1985) Ltd. is moving towards a high expiry

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Munafa technical analysis Formula Systems (1985) Ltd. FORTY technical analysis buy or sell

 

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