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Formula Systems (1985) Ltd. (FORTY) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: EDP Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBullish EngulfingThu, 19 Oct 2017-1.39%
***Stock database and scans are updated around midnight (New York time) every trading day.
41.79 0.00 (0%) Nov 28 4:00pm EDT
Open: 41.79 Range: 41.79 - 41.79 Vol: 0K Avg Vol: 0K
EPS: 0.81 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "FORTY" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 41.76
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 41.12
Last Trade is above the 50 day moving average at 41.56
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 40.05
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of FORTY

Stock Trend Analysis - Buy, Sell or Hold "Formula Systems (1985) Ltd." (FORTY)?

FORTY is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 75% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation FORTY will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 40.05. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "FORTY".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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