The question on everyone's mind: Will FIDELITY NATIONAL INFO SERV breakout?

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.

Technical analysis of NYSE:FIS

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 10 out of 10 to FIS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FIS is showing a nice and steady performance.

• 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 88% of all stocks. We also observe that the gains produced by FIS over the past year are nicely spread over this period.
• FIS is one of the better performing stocks in the Financial Services industry, it outperforms 78% of 103 stocks in the same industry.
• FIS is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FIS is leading the market.
• In the last month FIS has a been trading in the 72.01 - 78.37 range, which is quite wide. It is currently trading near the high of this range.

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

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:FIS has a 9 as its setup rating, indicating its current consolidation status.

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 78.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 76.05, 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.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Keep in mind

This article should in no way be interpreted as advice. 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.