Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of FORTY will decline by -50.27% 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.
BearishAverageBullishFORTY shares fell -13.34% in Thursday, July 31, 2025's trading session, dropping from a previous close of $127.00 to move at $110.06. The stock demonstrated notable intraday movement (see FORTY's key stats for a full breakdown), fluctuating between $110.06 and $119.50, a +8.58% trading range. While recent weeks have seen some volatility, FORTY has managed to secure a -14.02% drop over the past 2 weeks. The downward price movement was accompanied by increased trading volume, with approximately 2.65K shares changing hands, 2.65K more than the previous session. This amounted to $292.10K 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 -86.98%, 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 16 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 +101.10% 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 17.99% to 37.77%) suggest the stock is experiencing strong bearish momentum. The 50-day RSI, at 50.39%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 53.35%, 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