Image Source: Unsplash
 

Today’s instrument is FactSet Research Systems Inc., a global financial data and analytics company, whose stock is traded on the NYSE exchange under the ticker FDS. 

Looking at the FDS chart, we can see that after the worst-than-expected quarterly revenue announced on the 23rd of March, it dropped from around $425 to around $385 and now it has been corrected to the lastly traded price of around $401.

Today, if it manages to hold above the support level at around $393, then we could see it rising toward the resistance level at around $410-415 otherwise it should test the level of $380.

(Click on image to enlarge)

More By This Author:

Daily Technical Analysis Of GBPUSD – Tuesday, March 28
Intraday Technical Analysis Of Lululemon Athletica Inc. - Tuesday, March 28
Daily Technical Analysis Of EURUSD For March 27, 2023