Factset Research Systems FDS Trading Signals

August 17, 2022, 07:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Trading Factset Research Systems (NYSE: FDS) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for FDS change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if FDS is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for FDS too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for FDS

• Buy FDS slightly over 404.10 target 450.15 stop loss @ 402.93 Details

The technical summary data tells us to buy FDS near 404.10 with an upside target of 450.15. This data also tells us to set a stop loss @ 402.93 to protect against excessive loss in case the stock begins to move against the trade. 404.10 is the first level of support below 447.69 , and by rule, any test of support is a buy signal. In this case, support 404.10 is being tested, a buy signal would exist.

• Short FDS under 450.15, target 404.10, stop loss @ 451.45 Details

The technical summary data is suggesting a short of FDS as it gets near 450.15 with a downside target of 404.10. We should have a stop loss in place at 451.45though. 450.15 is the first level of resistance above 447.69, and by rule, any test of resistance is a short signal. In this case, if resistance 450.15 is being tested, a short signal would exist.

Swing Trading Plans for FDS

• Buy FDS slightly over 450.15, target n/a, Stop Loss @ 448.85 Details

If 450.15 begins to break higher, the technical summary data tells us to buy FDS just slightly over 450.15, with an upside target of n/a. The data also tells us to set a stop loss @ 448.85 in case the stock turns against the trade. 450.15 is the first level of resistance above 447.69, and by rule, any break above resistance is a buy signal. In this case, 450.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FDS near 450.15, target 446.83, Stop Loss @ 451.45. Details

The technical summary data is suggesting a short of FDS if it tests 450.15 with a downside target of 446.83. We should have a stop loss in place at 451.45 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 450.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for FDS

• Buy FDS slightly over 450.15, target 451.66, Stop Loss @ 449.1 Details

If 450.15 begins to break higher, the technical summary data tells us to buy FDS just slightly over 450.15, with an upside target of 451.66. The data also tells us to set a stop loss @ 449.1 in case the stock turns against the trade. 450.15 is the first level of resistance above 447.69, and by rule, any break above resistance is a buy signal. In this case, 450.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short FDS near 450.15, target 446.83, Stop Loss @ 451.2. Details

The technical summary data is suggesting a short of FDS if it tests 450.15 with a downside target of 446.83. We should have a stop loss in place at 451.2 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 450.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

FDS Ratings for August 17:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	360.06
P2	446.07	434.75	404.10
P3	451.66	446.83	450.15

Support and Resistance Plot Chart for FDS

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