FactSet Research Systems Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for FactSet Research Systems Inc stock after gaining 0.90%
(Updated on May 02, 2024)
The FactSet Research Systems Inc stock price gained 0.90% on the last trading day (Thursday, 2nd May 2024), rising from $419.57 to $423.36. During the last trading day the stock fluctuated 2.00% from a day low at $417.38 to a day high of $425.75. The price has risen in 7 of the last 10 days but is still down by -1.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 thousand more shares were traded than the day before. In total, 217 thousand shares were bought and sold for approximately $91.99 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 $414.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.30% during the next 3 months and, with a 90% probability hold a price between $368.09 and $407.26 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
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 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 $439.59. On a fall, the stock will find some support from the short-term average at $420.82. 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.
Support, Risk & Stop-loss for FactSet Research Systems Inc stock
FactSet Research Systems Inc finds support from accumulated volume at $422.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $8.37 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: $400.15 (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (FDS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect FactSet Research Systems Inc to open at $422.16, and during the day (based on 14 day Average True Range), to move between $415.60 and $431.12, which gives a possible trading interval of +/-$7.76 (+/-1.83%) 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 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $422.83 (0.13%) than the resistance at $447.46 (5.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FactSet Research Systems Inc stock A Buy?
FactSet Research Systems Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.211 Hold/Accumulate Unchanged
Predicted Opening Price for FactSet Research Systems Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $422.16 ( 0.283%) | $423.36 |
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 | 430.53 | 1.69 % | |
| R2 | 427.33 | 0.94 % | ||
| R1 | 425.36 | 0.472 % | ||
| Current price: | 423.36 | |||
| Support | S1 | 418.97 | -1.04 % | |
| S2 | 416.99 | -1.50 % | ||
| S3 | 413.80 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 487.90 | 15.24 % | |
| R2 | 450.66 | 6.45 % | ||
| R1 | 447.46 | 5.69 % | ||
| Current price | 423.36 | |||
| Support | S1 | 422.83 | -0.125% | |
| S2 | 419.94 | -0.81% | ||
| S3 | 416.89 | -1.53% |
FDS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 20, 2024 | $1.04 | 0.246% |
| 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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