The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 4/19/2024 -
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Fidelity National Information Services (FIS) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtTrend support at 70.38
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Fidelity National Information Services (FIS). During the week, the FIS gave back -0.22 points, or -0.31%, and closed at 70.73 on Friday, April 19, 2024. Weekly volume was -25% below average.

Long-term trend: [See FIS long-term trend chart]
A long-term downtrend had started on February 14, 2020 at 158.21 and reached 46.91 on October 27, 2023. FIS lost 111.30 points, or 70.35%, in 193 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 41.06 and resistance is at 147.02. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FIS medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 46.91 and reached 74.75 on March 28, 2024. FIS gained -27.84 points, or -59.35%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (70.38) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See FIS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FIS short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 69.88 and reached 71.67 on April 19, 2024. FIS gained -1.79 points, or -2.56%, in 1 days. The price is now at the 52.51% retracement level.

Daily Technical Indicators: [See FIS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 3, 2024. The distance between MACD and the signal line is relatively high and getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.16
Williams' Percentage Range (W%R) 89.90
Oversold
Lane's Stochastic (%D-Slow) 11.20
Oversold
Greed/Fear Indicator (GFI) 20.14
Moving Average Converg./Diverg. (MACD) 0.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.43
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 85.46
Overbought
Greed/Fear Indicator (GFI) 74.87
Moving Average Converg./Diverg. (MACD) 2.90
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 77.41
Upper Bollinger Band 73.67
Monthly Trendline Resistance 73.12
Parabolic System 72.75
Weekly Stochastic Crossing 72.73
20 Day Moving Average 72.01
Price 70.73
Quarterly Trendline Support 70.38
Daily Stochastic Crossing 70.27
Monthly Trendline Support 69.68
50 Day Moving Average 68.93
Lower Bollinger Band 68.62
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Data Processing & Outsourced Services 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.88
Low Date 04/18/2024
High 71.67
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.88
Low Date 04/18/2024
High 71.67
High Date 04/19/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 73.12
Support 69.68
High 74.75
High Date 03/28/2024
Low 69.88
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 77.41
Support 70.38
Low 46.91
Low Date 10/27/2023
High 74.75
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 147.02
Support 41.06
High 158.21
High Date 02/14/2020
Low 46.91
Low Date 10/27/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.