Are Factset Research Systems Inc (FDS) Shares a PIS Buy?

Investors monitoring the Gordson Hollis Price Index Saturation levels on shares of Factset Research Systems Inc (FDS) are taking a closer look as a key level has been reached. After a recent review, the reading is currently F (Full), revealing a strong Buy trend. Gordon Hollis created the Price Index Saturation indicator in 1998. The Gordson Hollis Price Index Saturation or Gordson Hollis PIS level indicator uses a combination of volume continuity analysis and historical price deviation to create a discernable buy or sell signal. Gordson Hollis labeled these signals as Full or Empty.  When presenting the theory, Gordson Hollis believed that PIS levels were best grouped in what he labeled “bougets”.

Factset Research Systems Inc (FDS) shares have traded down the past week in the red, yielding negative results for the shares at they ticked 262.59%. In taking a look at recent performance, we can see that shares have moved 265.77% over the past 4-weeks, 1.75% over the past half year and 258.41% over the past full year.

Investors constantly have to weigh risk against reward when trying to extract profits and maximum value from the stock market. Making educated investment decisions typically requires dedication, rational thinking, and self-control. Once the individual investor starts developing good habits, they can start to eliminate the bad ones that may be costing them enormous amounts of hard earned money. Everybody is prone to make mistakes at some point, and being able to realize what contributed to the mistake can help with corrective actions. Repeating the same mistakes over and over again in the stock market will most likely lead the investor down the wrong path. 

Currently, Factset Research Systems Inc (FDS) has a 14-day Commodity Channel Index (CCI) of 158.49. The CCI technical indicator can be employed to help figure out if a stock is overbought or oversold. CCI may also be used to aid in the discovery of divergences that could possibly signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal.

Tracking other technical indicators, the 14-day RSI is presently standing at 78.57, the 7-day sits at 87.08, and the 3-day is resting at 96.91 for Factset Research Systems Inc (FDS). The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 258.41.

Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for Factset Research Systems Inc (FDS) is currently at 50.72. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.