FIS closes within prior day's range
Fidelity National Information Services Inc. (FIS) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
FIS finished the week 2.55% higher at 106.88 after edging lower $0.07 (-0.07%) today. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (FIS as at Aug 10, 2018):
Friday's trading range was $1.38 (1.3%), that's slightly below last trading month's daily average range of $1.47. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being above average.
Unable to break through the key technical resistance level at 107.06, the stock closed below it after spiking as high as 107.57 during the day. The failure to close above the resistance might increase that levels importance as resistance going forward.
While Fidelity National is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.