FIDELITY NATIONAL INFO SERV (NYSE:FIS) - A Technical Breakout Candidate Worth Watching

FIDELITY NATIONAL INFO SERV (NYSE:FIS) has been identified as a potential technical breakout candidate based on its strong technical health and favorable setup pattern. The stock currently holds a solid technical rating and shows signs of consolidation, making it an interesting prospect for traders. Below, we examine why FIS stands out.

Technical Strength

FIS scores a 7 out of 10 in the ChartMill Technical Rating, indicating a positive trend. Key strengths include:

• Both short-term and long-term trends are upward, a bullish signal.
• The stock has outperformed 75% of its peers in the Financial Services industry.
• Recent price action has been strong, with FIS trading near the upper end of its one-month range (between $68.08 and $81.70).
• Moving averages (20-day, 50-day, and 200-day) confirm the upward momentum.

Despite lagging slightly behind the broader S&P 500 in year-to-date performance, FIS has shown resilience with a 12% gain over the past three months.

Setup Quality

FIS earns an 8 out of 10 in the ChartMill Setup Rating, suggesting a well-defined consolidation phase:

• Prices have been stabilizing, reducing volatility and forming a potential base.
• A clear resistance zone sits just above the current price at $78.65 to $79.87, offering a possible breakout trigger.
• Support levels are well-defined, with key zones at $77.50-$77.96 and $71.72, providing logical stop-loss areas.
• The stock’s average daily volume of 4.3 million shares ensures liquidity, reducing slippage risk.

A breakout above $79.88 could signal further upside, while a stop below $77.49 limits downside risk.

For a deeper look at the technicals, review the full technical report for FIS.

Our Technical Breakout Setups screener lists more potential breakout candidates and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on technical analysis at the time of writing. Always conduct your own research before making trading decisions.