There are signs that NYSE:FIS may be ready to breakout.

Our stock screener has flagged FIDELITY NATIONAL INFO SERV (NYSE:FIS) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:FIS for potential movement.

Zooming in on the technicals.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 7 out of 10 to FIS. 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.
• Looking at the yearly performance, FIS did better than 82% of all other stocks.
• FIS is one of the better performing stocks in the Financial Services industry, it outperforms 75% of 103 stocks in the same industry.
• 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.
• In the last month FIS has a been trading in a tight range between 73.79 and 77.83.

For an up to date full technical analysis you can check the technical report of FIS

Why is NYSE:FIS a 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.

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 77.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.36, 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

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation 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.

More breakout setups can be found in our Breakout screener.

Keep in mind

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 observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.