Technical Setup: FIDELITY NATIONAL INFO SERV Appears Poised for a 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.

Analyzing the Technical Aspects

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

We assign a technical rating of 7 out of 10 to FIS. Both in the recent history as in the last year, FIS has proven to be a steady performer, scoring decent points in every aspect analyzed.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that FIS is one of the better performing stocks in the market, outperforming 77% of all stocks.
• FIS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month FIS has a been trading in the 72.92 - 77.99 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 an average performer in the Financial Services industry, it outperforms 64% of 103 stocks in the same industry.

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

How do we evaluate the setup for NYSE:FIS?

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 8 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. There is a resistance zone just above the current price starting at 77.63. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.95, a Stop Loss order could be placed below this zone.

Trading setups like 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.

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

Disclaimer

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.