FactSet Research Systems Inc Stock Forecast
FactSet Research Systems Inc stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The FactSet Research Systems Inc stock price fell by -0.97% on the last day (Thursday, 25th Apr 2024) from $422.83 to $418.71. During the last trading day the stock fluctuated 1.02% from a day low at $418.29 to a day high of $422.56. The price has risen in 6 of the last 10 days but is still down by -2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -113 thousand shares and in total, 176 thousand shares were bought and sold for approximately $73.83 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $413.78 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.48% during the next 3 months and, with a 90% probability hold a price between $370.43 and $417.11 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
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The FactSet Research Systems Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $427.52 and $447.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -4.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for FactSet Research Systems Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $4.27 (1.02%) between high and low. For the last week, the stock has had daily average volatility of 2.05%.
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 Friday 26th
For the upcoming trading day on Friday, 26th we expect FactSet Research Systems Inc to open at $419.85, and during the day (based on 14 day Average True Range), to move between $410.66 and $426.76, which gives a possible trading interval of +/-$8.05 (+/-1.92%) 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 3.85% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $447.46, some $28.75 (6.87%) from the current price of $418.71, our system finds the risk reward not very attractive.
Is FactSet Research Systems Inc stock A Buy?
FactSet Research Systems Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.243 Sell Candidate Downgraded
Predicted Opening Price for FactSet Research Systems Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$419.85 ( 0.273%) | $418.71 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 424.12 | 1.29 % | |
R2 | 422.49 | 0.90 % | ||
R1 | 421.48 | 0.663 % | ||
Current price: | 418.71 | |||
Support | S1 | 418.22 | -0.117 % | |
S2 | 417.21 | -0.357 % | ||
S3 | 415.58 | -0.747 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 487.90 | 16.52 % | |
R2 | 450.66 | 7.63 % | ||
R1 | 447.46 | 6.87 % | ||
Current price | 418.71 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FDS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 02, 2024 | Feb 28, 2024 | Mar 21, 2024 | $0.98 | 0.217% |
2 | Nov 02, 2023 | Nov 29, 2023 | Dec 21, 2023 | $0.98 | 0.208% |
3 | Aug 03, 2023 | Aug 30, 2023 | Sep 21, 2023 | $0.98 | 0.230% |
4 | May 04, 2023 | May 30, 2023 | Jun 15, 2023 | $0.98 | 0.232% |
5 | Feb 02, 2023 | Feb 27, 2023 | Mar 16, 2023 | $0.89 | 0.220% |
FAQ
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