FIS runs into sellers again around 108.69


Fidelity National Information Services (FIS) Technical Analysis Report for Jul 13, 2018 [< 1 min read]
Highlights
FIS runs into sellers again around 108.69
FIS breaks below previous session low
TQ Sentiment
Report Sentiment: 60% Bearish
Technical Forecast:
Overview

FIS finished the week -0.22% lower at 108.13 after losing $0.42 (-0.39%) today on low volume. Closing below Thursday's low at 108.14, the market confirms its breakout through the prior session's low having traded $0.32 below it intraday.

Daily chart for FIS
Volatility

Friday's trading range was $0.87 (0.8%), that's far below last trading month's daily average range of $1.22. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Support/Resistance

Prices are trading close to the key resistance level at 108.86. After having been unable to move above 108.86 in the previous session, the stock ran into sellers again around the same price level today, failing to move higher than 108.69.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the close-by swing high at 108.86 where further buy stops might get activated. Selling could accelerate should prices move below the nearby swing low at 107.06 where further sell stops might get triggered.

Conclusion

While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Fidelity National Information Services
ConditionForecastDirectionWinAvgWorstBestEvents
High close to previous High TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
High close to previous two Highs TQ Pro Members Only
Bearish Hikkake Pattern TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

FIS stuck within tight trading range

Jul 20, 2018
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