{"ticker": {"uuid": "3647b811-1aa0-476a-987a-cea87bfde76b", "symbol": "FORTY", "name": "Formula Systems (1985) Ltd.", "exchange": "TLV", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "FORTY closed the latest completed week at 34,980 ILA. The 4-week return is -11.2% and the 12-week return is -12.2%. Trend Signal is inactive, Market Dynamics is 0.09.", "description": "Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions and information technologies (IT) professional services in Israel, the United States, Europe, Africa, Japan, and internationally. The company also offers software product marketing and support, computer infrastructure and integration solutions, and learning and integration. In addition, it provides IT software solutions and services, and consulting and management services; computer and communication infrastructure solutions; and software solutions, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools. Further, the company offers Sapiens software solutions, such as Sapiens CoreSuite and Sapiens IDITSuite for property and Casualty insurance; Sapiens Platform, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster for life, pension, and annuities; Sapiens Digital Suite; Data and Analytics platform; and Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO for reinsurance. Additionally, it provides Sapiens workers' compensation platform; Sapiens Medical Professional Liability solution; Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro and Sapiens Reporting Tools for financial and compliance; Sapiens Decision platform; and technology-based solutions. The company also application development and business process integration platforms; vertical software solutions; cloud-based services; strategic consulting and outsourcing, and professional services, as well as cloud computing solutions; and sells and markets computers and peripheral equipment. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.", "setup_signature": "Risk-first tape", "composite_score": "22", "kpis": [{"label": "Latest Close", "value": "34,980 ILA", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-8.1%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-11.2%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-12.2%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "65.4%", "hint": "34 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.8x", "hint": "vs 13-week average"}], "classification": {"exchange": "TLV", "country": "IL", "sector": "Technology", "industry": "Information Technology Services", "currency": "ILA", "market_cap": "5.8B"}, "price": {"trend_line": "44,208 ILA", "fair_value": "34,133 ILA", "vs_trend": "-20.9%", "vs_fair_value": "2.5%", "high_52": "58,230 ILA", "low_52": "32,880 ILA", "drawdown": "-39.9%", "range_position": "8.3%"}, "momentum": {"returns": [{"label": "1W", "value": -8.116627265563437, "value_label": "-8.1%", "tone": "negative", "width": 23.190363615895535}, {"label": "4W", "value": -11.190662071329283, "value_label": "-11.2%", "tone": "negative", "width": 31.97332020379795}, {"label": "12W", "value": -12.21556186518404, "value_label": "-12.2%", "tone": "negative", "width": 34.90160532909726}, {"label": "26W", "value": -38.50275587547353, "value_label": "-38.5%", "tone": "negative", "width": 100}, {"label": "52W", "value": -5.247947910750095, "value_label": "-5.2%", "tone": "negative", "width": 14.994136887857415}], "trend_streak": 0, "active_weeks": 34, "active_breadth": "65.4%", "peer": {"scope": "IL Technology", "count": 82, "rank": 73, "percentile": 11.111111111111116, "avg_weekly_return": -1.6705041500760156}}, "setup": {"scores": [{"label": "Trend", "value": 35.96153846153847, "value_label": "36", "width": 35.96153846153847, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 13.267471557277014, "value_label": "13", "width": 13.267471557277014, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 49.259102008363094, "value_label": "49", "width": 49.259102008363094, "tone": "neutral", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 33.530373641663644, "value_label": "34", "width": 33.530373641663644, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": -4.635933876553864, "return_label": "-4.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 38.63278230461553}, {"week": "6 Mar", "return": 10.189511509184623, "return_label": "10.2%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 84.91259590987185}, {"week": "13 Mar", "return": -3.7886338167075264, "return_label": "-3.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 31.57194847256272}, {"week": "20 Mar", "return": 3.2642515160153414, "return_label": "3.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 27.20209596679451}, {"week": "27 Mar", "return": -4.641246513925902, "return_label": "-4.6%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 38.677054282715844}, {"week": "3 Apr", "return": 4.130491435511207, "return_label": "4.1%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 34.42076196259339}, {"week": "10 Apr", "return": -9.044971385594321, "return_label": "-9.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 75.37476154661934}, {"week": "17 Apr", "return": 14.916659747094267, "return_label": "14.9%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 100}, {"week": "24 Apr", "return": 0.7976820040552677, "return_label": "0.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 6.647350033793897}, {"week": "1 May", "return": 0.4796155429423075, "return_label": "0.5%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 4}, {"week": "8 May", "return": 3.10262970702859, "return_label": "3.1%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 25.855247558571588}, {"week": "15 May", "return": -8.796300066126062, "return_label": "-8.8%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 73.30250055105051}, {"week": "22 May", "return": 6.497459552779734, "return_label": "6.5%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 54.145496273164454}, {"week": "29 May", "return": -11.507279469419151, "return_label": "-11.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 95.89399557849293}, {"week": "5 Jun", "return": 2.5592672413793105, "return_label": "2.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 21.327227011494255}, {"week": "12 Jun", "return": -8.116627265563437, "return_label": "-8.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 67.63856054636199}]}, "groups": {"sector": {"scope": "IL Technology", "count": 82, "avg_weekly_return": -1.6705041500760156, "avg_four_week_return": 1645.2471203279033, "avg_twelve_week_return": 1240.4782244779722, "trend_breadth": 47.5609756097561, "positive_md_breadth": 63.41463414634146, "positive_rs_breadth": 34.146341463414636, "week_rank": 73, "four_week_rank": 69, "twelve_week_rank": 62, "top_peers": [{"id": 56840, "symbol": "CNTL-M", "name": "CONTINUAL LTD", "exchange": "TLV", "url": "/terminal/e80547ca-bba6-40a9-a02d-9cc5b59fd0e1/report/", "weekly_return": 9.870844836331274, "weekly_return_label": "9.9%", "weekly_return_tone": "positive", "four_week_return": 12140.493114080165, "four_week_return_label": "12140.5%", "four_week_return_tone": "positive", "twelve_week_return": -0.7500016666666672, "twelve_week_return_label": "-0.8%", "twelve_week_return_tone": "negative", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 56857, "symbol": "CYBR", "name": "PALO ALTO NETWORKS", "exchange": "TLV", "url": "/terminal/977ec76d-3778-4e2f-ae55-23abef4ae639/report/", "weekly_return": 0.3078817733990148, "weekly_return_label": "0.3%", "weekly_return_tone": "positive", "four_week_return": 11747.272727272726, "four_week_return_label": "11747.3%", "four_week_return_tone": "positive", "twelve_week_return": 15432.035902423984, "twelve_week_return_label": "15432.0%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 57689, "symbol": "RPOL", "name": "RP Optical Lab Ltd", "exchange": "TLV", "url": "/terminal/853726f1-eae6-43de-8b87-ffdd028237ba/report/", "weekly_return": 5.184210526315789, "weekly_return_label": "5.2%", "weekly_return_tone": "positive", "four_week_return": 10865.70614634551, "four_week_return_label": "10865.7%", "four_week_return_tone": "positive", "twelve_week_return": 7680.80606931684, "twelve_week_return_label": "7680.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 57198, "symbol": "JEEN", "name": "Jeen AI Technologies Ltd", "exchange": "TLV", "url": "/terminal/e7357472-d08d-4291-93d8-326d7e7f1fb2/report/", "weekly_return": -0.9018892155764145, "weekly_return_label": "-0.9%", "weekly_return_tone": "negative", "four_week_return": 10283.799884281583, "four_week_return_label": "10283.8%", "four_week_return_tone": "positive", "twelve_week_return": 10249.865897731643, "twelve_week_return_label": "10249.9%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 56780, "symbol": "BLRN", "name": "BladeRanger Ltd", "exchange": "TLV", "url": "/terminal/49e0edb2-d21b-4ef1-b990-5924bfce98fd/report/", "weekly_return": -9.403665568975484, "weekly_return_label": "-9.4%", "weekly_return_tone": "negative", "four_week_return": 9775.0, "four_week_return_label": "9775.0%", "four_week_return_tone": "positive", "twelve_week_return": 8796.396396396396, "twelve_week_return_label": "8796.4%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}]}, "industry": {"scope": "IL Information Technology Services", "count": 11, "avg_weekly_return": -1.8247549175439144, "avg_four_week_return": 2427.183849691824, "avg_twelve_week_return": 1522.5974219277311, "trend_breadth": 45.45454545454545, "positive_md_breadth": 72.72727272727273, "positive_rs_breadth": 36.36363636363637, "week_rank": 10, "four_week_rank": 10, "twelve_week_rank": 9, "top_peers": [{"id": 57419, "symbol": "MLTH", "name": "Malam-Team Holdings Ltd", "exchange": "TLV", "url": "/terminal/66572890-761c-41f3-8037-b2946d5abd0f/report/", "weekly_return": -2.6462395543175488, "weekly_return_label": "-2.6%", "weekly_return_tone": "negative", "four_week_return": 9521.472616211853, "four_week_return_label": "9521.5%", "four_week_return_tone": "positive", "twelve_week_return": 8556.346749226006, "twelve_week_return_label": "8556.3%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 57606, "symbol": "PEAX", "name": "Peax Solutions Ltd", "exchange": "TLV", "url": "/terminal/e5a3b7a1-30f0-4cd7-b6f0-b3ca67e66505/report/", "weekly_return": -5.297413063357281, "weekly_return_label": "-5.3%", "weekly_return_tone": "negative", "four_week_return": 8742.541083545897, "four_week_return_label": "8742.5%", "four_week_return_tone": "positive", "twelve_week_return": -7.170653136763981, "twelve_week_return_label": "-7.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 57914, "symbol": "TOPG", "name": "Top Group Software Ltd", "exchange": "TLV", "url": "/terminal/feec963e-535b-4422-b4df-b56483b7105a/report/", "weekly_return": -4.632152588555858, "weekly_return_label": "-4.6%", "weekly_return_tone": "negative", "four_week_return": 8422.727272727274, "four_week_return_label": "8422.7%", "four_week_return_tone": "positive", "twelve_week_return": 8216.117649779615, "twelve_week_return_label": "8216.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 57941, "symbol": "UPSL", "name": "Upsellon Brands Holdings Ltd", "exchange": "TLV", "url": "/terminal/de64ef0a-4203-44ca-87d8-c074b16ae0d9/report/", "weekly_return": 23.643412509013935, "weekly_return_label": "23.6%", "weekly_return_tone": "positive", "four_week_return": 24.60937061309823, "four_week_return_label": "24.6%", "four_week_return_tone": "positive", "twelve_week_return": 50.82742436944265, "twelve_week_return_label": "50.8%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 57008, "symbol": "HLAN", "name": "Hilan Ltd.", "exchange": "TLV", "url": "/terminal/e4f1f2cf-bb54-4600-aab0-caa84c8879e6/report/", "weekly_return": -0.667853962600178, "weekly_return_label": "-0.7%", "weekly_return_tone": "negative", "four_week_return": 14.468958440225757, "four_week_return_label": "14.5%", "four_week_return_tone": "positive", "twelve_week_return": 8.734539954902093, "twelve_week_return_label": "8.7%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "0.09", "market_dynamics_tone": "positive", "md_4_change": "-29.5%", "relative_strength": "-35.25", "rs_4_change": "-17.5%", "expectation": "Positive", "expectation_probability": "60.11%"}, "volume": {"latest": "120.8K", "average_13": "151.3K", "average_52": "104.6K", "ratio_13": "0.8x", "ratio_52": "1.2x"}, "risk": {"volatility_13": "7.3%", "volatility_52": "6.3%", "downside_weeks": 26, "upside_weeks": 26, "downside_breadth": "50.0%", "average_gain": "5.0%", "average_loss": "-4.8%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-20.9%", "tone": "negative"}, {"label": "Volume", "value": "0.8x", "tone": "neutral"}], "opportunities": ["Price is above Fair Value, showing premium demand versus the model.", "Market Dynamics is positive on the latest completed week."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "The share remains more than 20% below its 52-week high.", "The latest week was a sharp negative move.", "Latest weekly return ranks in the weaker part of its sector group."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "34,980 ILA", "weekly_return": -8.116627265563437, "weekly_return_label": "-8.1%", "weekly_return_tone": "negative", "trend_line": "44,208 ILA", "fair_value": "34,133 ILA", "market_dynamics": "0.09", "relative_strength": "-35.25", "volume": "120.8K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "38,070 ILA", "weekly_return": 2.5592672413793105, "weekly_return_label": "2.6%", "weekly_return_tone": "positive", "trend_line": "44,753 ILA", "fair_value": "34,083 ILA", "market_dynamics": "0.24", "relative_strength": "-28.91", "volume": "177.7K", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "37,120 ILA", "weekly_return": -11.507279469419151, "weekly_return_label": "-11.5%", "weekly_return_tone": "negative", "trend_line": "45,067 ILA", "fair_value": "34,005 ILA", "market_dynamics": "0.30", "relative_strength": "-34.12", "volume": "179.1K", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "41,947 ILA", "weekly_return": 6.497459552779734, "weekly_return_label": "6.5%", "weekly_return_tone": "positive", "trend_line": "45,395 ILA", "fair_value": "33,926 ILA", "market_dynamics": "0.30", "relative_strength": "-25.13", "volume": "53.6K", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "39,388 ILA", "weekly_return": -8.796300066126062, "weekly_return_label": "-8.8%", "weekly_return_tone": "negative", "trend_line": "45,576 ILA", "fair_value": "33,820 ILA", "market_dynamics": "0.13", "relative_strength": "-30.00", "volume": "164.1K", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "43,187 ILA", "weekly_return": 3.10262970702859, "weekly_return_label": "3.1%", "weekly_return_tone": "positive", "trend_line": "45,857 ILA", "fair_value": "33,734 ILA", "market_dynamics": "-0.06", "relative_strength": "-26.02", "volume": "211.9K", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "41,887 ILA", "weekly_return": 0.4796155429423075, "weekly_return_label": "0.5%", "weekly_return_tone": "positive", "trend_line": "46,065 ILA", "fair_value": "33,627 ILA", "market_dynamics": "-0.47", "relative_strength": "-27.15", "volume": "225.6K", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "41,687 ILA", "weekly_return": 0.7976820040552677, "weekly_return_label": "0.8%", "weekly_return_tone": "positive", "trend_line": "46,204 ILA", "fair_value": "33,519 ILA", "market_dynamics": "-0.81", "relative_strength": "-26.81", "volume": "71.9K", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "41,357 ILA", "weekly_return": 14.916659747094267, "weekly_return_label": "14.9%", "weekly_return_tone": "positive", "trend_line": "46,259 ILA", "fair_value": "33,399 ILA", "market_dynamics": "-0.87", "relative_strength": "-28.51", "volume": "118.2K", "trend_signal": "Off"}, {"week": "2026-04-10", "close": "35,989 ILA", "weekly_return": -9.044971385594321, "weekly_return_label": "-9.0%", "weekly_return_tone": "negative", "trend_line": "46,415 ILA", "fair_value": "33,277 ILA", "market_dynamics": "-1.04", "relative_strength": "-38.62", "volume": "122.3K", "trend_signal": "Off"}, {"week": "2026-04-03", "close": "39,568 ILA", "weekly_return": 4.130491435511207, "weekly_return_label": "4.1%", "weekly_return_tone": "positive", "trend_line": "46,769 ILA", "fair_value": "33,190 ILA", "market_dynamics": "-1.00", "relative_strength": "-28.97", "volume": "69.1K", "trend_signal": "Off"}, {"week": "2026-03-27", "close": "37,998 ILA", "weekly_return": -4.641246513925902, "weekly_return_label": "-4.6%", "weekly_return_tone": "negative", "trend_line": "46,948 ILA", "fair_value": "33,083 ILA", "market_dynamics": "-1.03", "relative_strength": "-30.69", "volume": "349.2K", "trend_signal": "Off"}, {"week": "2026-03-20", "close": "39,848 ILA", "weekly_return": 3.2642515160153414, "weekly_return_label": "3.3%", "weekly_return_tone": "positive", "trend_line": "47,112 ILA", "fair_value": "32,992 ILA", "market_dynamics": "-1.15", "relative_strength": "-31.31", "volume": "102.8K", "trend_signal": "Off"}, {"week": "2026-03-13", "close": "38,588 ILA", "weekly_return": -3.7886338167075264, "weekly_return_label": "-3.8%", "weekly_return_tone": "negative", "trend_line": "47,219 ILA", "fair_value": "32,896 ILA", "market_dynamics": "-1.10", "relative_strength": "-31.74", "volume": "141.8K", "trend_signal": "Off"}], "chart_url": "/terminal/3647b811-1aa0-476a-987a-cea87bfde76b/", "api_path": "/terminal/3647b811-1aa0-476a-987a-cea87bfde76b/report/api/"}