Factset Research Systems Inc (FDS): Price Now Near $313.15; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for FDS

At the time of this writing, FDS (Get Ratings)’s price is down $-2.94 (-0.93%) from the hour prior. FDS has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 200 hour moving average, resulting in them so that price is now turning below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

FDS’s Technical Outlook on the Daily Chart

At the time of this writing, FDS’s price is down $-5.03 (-1.58%) from the day prior. This is the 2nd day in a row FDS has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 day moving averages, resulting in them with price now being below them. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Factset Research Systems Inc’s price action over the past 90 days can be seen via the chart below.

FDS

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