FIS runs into sellers again around 108.69
Fidelity National Information Services Inc. (FIS) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team
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 Candlestick Chart (FIS as at Jul 13, 2018):
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.