A technical analysis of SHIFT4 PAYMENTS INC-CLASS A.

Our stock screener has detected a potential breakout setup on SHIFT4 PAYMENTS INC-CLASS A (NYSE:FOUR). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NYSE:FOUR.

Technical Analysis Observations

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Taking everything into account, FOUR scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FOUR has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, FOUR did better than 91% of all other stocks. We also observe that the gains produced by FOUR over the past year are nicely spread over this period.
• FOUR is part of the Financial Services industry. There are 101 other stocks in this industry. FOUR outperforms 89% of them.
• FOUR 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.
• FOUR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

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

Why is NYSE:FOUR a setup?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NYSE:FOUR currently has a 9 as setup rating:

Besides having an excellent technical rating, FOUR 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 121.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 119.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FOUR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

Trading setups like NYSE:FOUR

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.

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.