FactSet Research Systems Inc Stock Forecast
FactSet Research Systems Inc stock price ended at $416.01 on Tuesday, after gaining 1.18%.
(Updated on Jul 02, 2024)
The FactSet Research Systems Inc stock price gained 1.18% on the last trading day (Tuesday, 2nd Jul 2024), rising from $411.16 to $416.01. During the last trading day the stock fluctuated 1.27% from a day low at $411.31 to a day high of $416.53. The price has risen in 6 of the last 10 days and is up by 2.28% over the past 2 weeks. Volume fell on the last day by -22 thousand shares and in total, 220 thousand shares were bought and sold for approximately $91.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $422.36 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.82% during the next 3 months and, with a 90% probability hold a price between $363.97 and $397.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FDS Signals & Forecast
There are mixed signals in the stock today. The FactSet Research Systems Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $419.80. On a fall, the stock will find some support from the short-term average at $415.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -2.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for FactSet Research Systems Inc stock
FactSet Research Systems Inc finds support from accumulated volume at $408.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $5.22 (1.27%) between high and low. For the last week, the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FDS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect FactSet Research Systems Inc to open at $414.62, and during the day (based on 14 day Average True Range), to move between $407.96 and $424.06, which gives a possible trading interval of +/-$8.05 (+/-1.93%) up or down from last closing price. If FactSet Research Systems Inc takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $419.94 (0.94%) than the support at $408.35 (1.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is FactSet Research Systems Inc stock A Buy?
FactSet Research Systems Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.708 Sell Candidate Unchanged
Predicted Opening Price for FactSet Research Systems Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $414.62 ( 0.335%) | $416.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 419.84 | 0.92% |
| R2 | 417.84 | 0.441% |
| R1 | 416.61 | 0.144% |
| Price | 416.01 | |
| S1 | 412.62 | -0.81% |
| S2 | 411.39 | -1.11% |
| S3 | 409.40 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 424.89 | 2.13% |
| R2 | 423.73 | 1.86% |
| R1 | 419.94 | 0.94% |
| Price | 416.01 | |
| S1 | 408.35 | -1.84% |
| S2 | 404.26 | -2.82% |
| S3 | 394.89 | -5.08% |
FDS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 20, 2024 | $1.04 | 0.255% |
| 2 | Feb 02, 2024 | Feb 28, 2024 | Mar 21, 2024 | $0.98 | 0.217% |
| 3 | Nov 02, 2023 | Nov 29, 2023 | Dec 21, 2023 | $0.98 | 0.208% |
| 4 | Aug 03, 2023 | Aug 30, 2023 | Sep 21, 2023 | $0.98 | 0.230% |
| 5 | May 04, 2023 | May 30, 2023 | Jun 15, 2023 | $0.98 | 0.232% |
FAQ
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