Technical Analysis Of Factset Research Systems Inc.

Mar 29, 2023 at 8:25 AM EDT

Looking at the FDS chart, we can see it dropped from around $425 to around $385 and now it has been corrected to the lastly traded price of around $401.

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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.

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AAATrade's Intraday Technical Analysis of Factset Research Systems Inc. - 29/03/2023

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