FIDELITY NATIONAL INFO SERV is showing promising signs of setting up for a breakout.

Our stockscreener has identified a possible breakout setup on FIDELITY NATIONAL INFO SERV (NYSE:FIS). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NYSE:FIS for potential opportunities.

In-Depth Technical Analysis of NYSE:FIS

ChartMill employs a sophisticated system to assign a Technical Rating to every stock in its analysis. This rating, which ranges from 0 to 10, is determined by carefully assessing multiple technical indicators and properties.

Overall FIS gets a technical rating of 7 out of 10. Although FIS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

• The long and short term trends are both positive. This is looking good!
• In the last month FIS has a been trading in the 57.13 - 61.89 range, which is quite wide. It is currently trading near the high of this range.
• Prices have been consolidating recently, this may present a good entry opportunity.
• FIS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FIS is lagging the market.

Our latest full technical report of FIS contains the most current technical analsysis.

How does the Setup look for NYSE:FIS

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:FIS currently holds a 9 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, FIS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 60.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.46, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FIS in the last couple of days, which is a good sign.

Trading setups like NYSE:FIS

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

Our Breakout screener lists more breakout setups and is updated daily.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.