FIS trade ideas
FIS on trendline - Upside potential NYSE:FIS
From the beginning of December, #FIS has entered in a downward trend which we believe it may have gone to an end, at least for near future.
From the low of March, we can see a trend line based on the November and the recent fall: in addition, the reversal candle of 15 January 2021 concedes with the 0.5 Fib level.
In addition, considering a low RSI and MACD we believe the stock has good upside potential
Entry price $ 129.68
1st Target $ 140.00
2nd Target $ 150.00
Stop loss $ 120.00
$FIS with a neutral projection after earning release.$FIS is projected to have a neutral outlook after the stock's earnings. Price is currently trading around the median line.
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$FIS Oversold at Support, Bullish Options Activity$FIS Fidelity National Information Services - finding support at the 200d ema line this week after recent down move. Expecting to see a bounce from this level near term. Note - earnings coming up at the end of October.
Unusual Bullish Options Activity Today
$4.1M of $145.00 strike (OTM) Jan'21 calls traded (14x open interest)
Near term target - $150.00 by early Nov / $157.50 possible by mid-Nov
Note: This is NOT investment advice.
FIS long through 149I enjoy keeping my strategy simple. All we need are horizontal lines and a good sense of market direction. Looking at FIS the 149 level has been important the past year. With moving averages getting tighter and the price point contracting at this major level, the chances are pretty high for a breakout.
Could the FIS share continue to rise? If So, Lets "Buy"US technology services shares rose strongly despite the demonstrations and protests in The United States of America.
FIDELITY NATL INFORMATION SERVICE, known as FIS, stands for a strong bullish rally based on the bottom side of the ascending channel And it was able to form a wide triangle that it broke through.
Any return to price at 140, which represents the upper side of the expanding triangle, is a strong opportunity to buy towards the upper side of the ascending channel at price 150
BIG Potential For FIDELITY NATL INFORMATION SERVICESHello traders ,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. FIDELITY NATL INFORMATION SERVICES is good to leave for a breakout from the top.
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$FIS:NYSE - FIDELITY NATIONAL - Momentum stock at resistanceI picked up some Fidelity stocks when they bought out World Pay and so far they have been performing reasonably well up around 35% since the start of the year. Might be worth a watch if they can break above the current resistance area and resume their march.
Fidelity National Information Services, Inc. (FIS) is a financial services technology company. The Company operates through three segments: Integrated Financial Solutions (IFS), Global Financial Solutions (GFS), and Corporate and Other. The IFS segment is focused on serving the North American regional and community bank and savings institutions market for transaction and account processing, payment solutions, channel solutions, digital channels, risk and compliance solutions, and services. The GFS segment is focused on serving the financial institutions and/or international financial institutions with a range of capital markets and asset management and insurance solutions, as well as banking and payments solutions and consulting and transformation services. Its business solutions in Corporate and Other segment include Public Sector and Education, Global Commercial Services and Retail Check Processing.
FIS Channel Consolidation, where will the breakout go???FIS looks to be consolidating between $94.60-$110.50 after a longer term uptrend. The short term uptrend to the yellow diagonal (previous uptrend support) is acting as a current resistance. Price action leading up to earnings on 2/11 may push to the upper portion of the horizontal channel, and have enough pressure to continue the long term uptrend. If there is no clear resistance break, and confirmation of indicators, look for a hard tumble to the bottom of the channel.
Confirmation with indicators (RSI & SMII) for any entrances leading up to earnings, will be key on the hourly time frame for best entrance. Updates will continue to follow all the way up to a few days after earnings.
Happy trading :0)
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This is not advice to sell or buy, and is intended for educational purposes only.
Beginning of a down move
The stock FIS is starting a downward movement. As we can see on the chart, the second time the price test the resistance at 107,62, it does so on low volume. The attempt of the price to rise was driven by the retail trader. On 21 August the price starts falling on high volume. That is sign of distribution.