The Greedy Trader Weekly Analysis
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- 7/19/2024 -
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Fidelity National Information Services (FIS) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Fidelity National Information Services (FIS). During the week, the FIS dropped -1.19 points, or -1.56%, and closed at 75.25 on Friday, July 19, 2024. It was the worst weekly loss since May 31, 2024. Weekly volume was -33% 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 38.01 and resistance is at 146.36. 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 78.73 on May 20, 2024. FIS gained -31.82 points, or -67.83%, in 29 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 74.35 and resistance is at 80.34. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FIS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 28, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 July 10, 2024 at 72.92 and reached 77.99 on July 17, 2024. FIS gained -5.07 points, or -6.95%, in 7 days. The price is now at the 54.04% retracement level.

Daily Technical Indicators: [See FIS daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.73% on Friday. It is 53.38% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.50
Williams' Percentage Range (W%R) 28.80
Lane's Stochastic (%D-Slow) 71.40
Greed/Fear Indicator (GFI) 64.03
Moving Average Converg./Diverg. (MACD) 0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.53
Williams' Percentage Range (W%R) 17.60
Overbought
Lane's Stochastic (%D-Slow) 67.14
Greed/Fear Indicator (GFI) 67.69
Moving Average Converg./Diverg. (MACD) 3.80
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 80.34
Parabolic System 78.07
Upper Bollinger Band 77.48
Daily Stochastic Crossing 76.52
Monthly Trendline Resistance 76.42
Weekly Stochastic Crossing 76.16
50 Day Moving Average 75.97
20 Day Moving Average 75.43
Price 75.25
Quarterly Trendline Support 74.35
Lower Bollinger Band 73.93
Monthly Trendline Support 72.70
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Data Processing & Outsourced Services 32
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 77.99
High Date 07/17/2024
Low 74.86
Low Date 07/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.92
Low Date 07/10/2024
High 77.99
High Date 07/17/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 76.42
Support 72.70
High 78.73
High Date 05/20/2024
Low 72.92
Low Date 07/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 80.34
Support 74.35
Low 46.91
Low Date 10/27/2023
High 78.73
High Date 05/20/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 146.36
Support 38.01
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.