FIS runs into sellers again around 108.69
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.
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.
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.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
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.
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
|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...
Learn more about TQ Pro
Stocks Top Movers