Based on good technical signals, FIDELITY NATIONAL INFO SERV is potentially setting up for a breakout.

Our stock screener has spotted FIDELITY NATIONAL INFO SERV (NYSE:FIS) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:FIS.

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 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FIS is only an average performer.

• Both the short term and long term trends are positive. This is a very positive sign.
• FIS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FIS is lagging the market slightly.
• When comparing the performance of all stocks over the past year, FIS turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
• FIS is part of the Financial Services industry. There are 103 other stocks in this industry, FIS did better than 54% of them.
• In the last month FIS has a been trading in the 59.90 - 64.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Check the latest full technical report of FIS for a complete technical analysis.

Looking at the Setup

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NYSE:FIS exhibits a 9 setup rating, indicating its consolidation status in recent days and weeks.

FIS has an excellent technical rating and 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 63.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 63.35, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

How to trade NYSE:FIS?

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

More breakout setups can be found in our Breakout screener.

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.