Formula Systems Technical Analysis (NASDAQ:FORTY)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The FORTY stock chart pattern can give those who understand technical analysis an indication of which way FORTY stock is headed, but cannot predict with 100% certainty as to what can happen to the Formula Systems stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Formula Systems. The technical analysis form of Formula Systems stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Formula Systems Moving Average
Moving averages help predict the price direction of FORTY stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $36.41 is above the price of $36.
Formula Systems Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Formula Systems. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The stock price is trading between the average and the lower band in the context of Formula Systems bollinger bands.
Formula Systems Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Formula Systems MACD line is below the signal line.
Formula Systems Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . 46.65 is the RSI value of FORTY stock.