Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of FORTY will decline by -58.26% over the next 2 Weeks and hit $54.73 by Friday, November 24, 2023. In that time frame, FORTY's share price is expected to range between $50.81 and $58.41.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 24, 2023 | 50.84 | 54.73 | 58.86 |
| Nov 23, 2023 | 48.87 | 52.95 | 56.74 |
| Nov 22, 2023 | 48.41 | 52.15 | 55.64 |
| Nov 21, 2023 | 51.18 | 55.06 | 58.72 |
| Nov 20, 2023 | 50.92 | 54.67 | 58.70 |
| Nov 17, 2023 | 53.06 | 56.77 | 60.59 |
| Nov 16, 2023 | 51.17 | 54.99 | 58.61 |
| Nov 15, 2023 | 50.39 | 54.19 | 57.93 |
| Nov 14, 2023 | 53.52 | 57.10 | 60.94 |
| Nov 13, 2023 | 53.08 | 56.71 | 60.64 |
| Nov 10, 2023 | 55.45 | 59.24 | 62.99 |
| Nov 7, 2023 | 54.92 | 58.72 | 62.52 |
| Nov 3, 2023 | 56.82 | 60.43 | 64.31 |
| Nov 2, 2023 | 55.09 | 58.65 | 62.32 |
FORTY shares fell -0.96% in Friday, February 6, 2026's trading session, dropping from a previous close of $132.38 to move at $131.11. The stock demonstrated notable intraday movement (see FORTY's key stats for a full breakdown), fluctuating between $129.44 and $134.90, a +4.22% trading range. While recent weeks have seen some volatility, FORTY has managed to secure a -20.54% drop over the past 2 weeks. The downward price movement was accompanied by decreased trading volume, with approximately 66 shares changing hands, 736 fewer than the previous session. This amounted to $8.65K in total market activity.
Will FORTY Continue Its Downward Trend?
According to analyst ratings and projections for FORTY, Formula Systems (1985) Ltd. shares are anticipated to decrease by -122.74%, potentially reaching $58.86 per share by November 24, 2023. Short-term technical indicators for FORTY currently suggest a bearish sentiment. This aligns with the stock's recent performance, as it has recorded 19 negative trading days within the past 30 sessions. Based on the FORTY stock forecast, now is not the best time to buy FORTY stock because its current trading price is +139.57% above our predicted value, hinting at a possible undervaluation. For deeper insights, view our sentiment analysis on FORTY covering social and institutional perspectives.
FORTY Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into FORTY's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 6.66% to 22.13%) suggest the stock is in a strong bearish momentum phase. The 50-day RSI, at 40.69%, suggests a neutral medium-term outlook. Meanwhile, the 100-day RSI, at 48.35%, maintains a neutral outlook for the long term. Insights into FORTY's shareholder base show how institutional investors are positioning themselves during these momentum shifts

