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Interesting Technical Analysis finding for FIDELITY NATIONAL INFO SERV (NYSE:FIS)

By Mill Chart

Last update: Apr 22, 2024

FIDELITY NATIONAL INFO SERV (NYSE:FIS) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:FIS.

FIS Daily chart on 2024-04-22

Analyzing the Technical Aspects

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Overall FIS gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

  • The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
  • When comparing the yearly performance of all stocks, we notice that FIS is one of the better performing stocks in the market, outperforming 86% of all stocks.
  • FIS is one of the better performing stocks in the Financial Services industry, it outperforms 82% of 102 stocks in the same industry.
  • FIS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FIS is performing more or less in line with the market.

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

How does the Setup look for NYSE:FIS

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:FIS this score is currently 9:

FIS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 73.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 70.72, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive 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.

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 is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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FIDELITY NATIONAL INFO SERV

NYSE:FIS (5/29/2024, 7:04:00 PM)

After market: 74.48 0 (0%)

74.48

-0.65 (-0.87%)

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