Fiserv (take 2) at 211.19As some of you may remember from back in early December, this is not my first idea for $FI. At the time, I hyped it up as a top performer for me, only to make a measly 0.27% on the trade in one day (which is still about 6x the avg daily return of the market). I was disappointed in the return, but VERY happy the next day when the CEO left and it dropped 6% (yellow oval on the chart). FPC saved my butt on that one, and I promise never to bad mouth a gain on FI again. I actually traded it again the day of the announcement and made 1.6% in a day that time.
My case then, as it is now, is that FI has been a stellar performer for how I trade. It is top 3% of all large caps I trade and has returned about 5x the daily return of SPY over the course of now 950 trades. Its record in those trades is 950-0-1 with the one being yesterday - a signal from my algo I did not trade because it hit within 1 min of the close when the stock dropped almost .25% in a minute. Sometimes luck favors you, as it opened higher today but fell back to me late in the day so I got it even cheaper today. The average return on trades in FI is +1.89% and the average holding period is 9 trading days, but the majority of trades have closed in 1 trading day.
In addition to its historical performance, it is at about the midpoint of its 6 month range, still in a strong multi-year uptrend despite the recent correction, and has support in the vicinity from the January low and from the medium term trend line. All reasons for me to take this trade, even during a correction.
So I'm in with an initial lot at 211.19. SInce I got a bunch of new followers today, I'm gonna briefly explain how I do this. I will tactically dollar cost average (equal dollar amounts) on any day FI is still rated by my algorithm as a buy. I sell any lot on the first day it is profitable at the close. Once all lots are closed, the trade is finished. I will update all trades I make here on the same day I make them (or at least almost always the same day - I'm not perfect).
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
FI trade ideas
FI | FiservScreener Buy Idea
Fiserv, Inc. engages in the provision of financial services technology. It operates through the following segments: Merchant Acceptance, Financial Technology, and Payments and Network. The Merchant Acceptance segment provides commerce enabling solutions and serves merchants of all sizes around the world. The Financial Technology segment offers technology solutions needed to run operations, including products and services that enable financial institutions to process customer deposit and loan accounts. The Payments and Network segment includes the provision of services to financial institutions and corporate clients with products and services required to process digital payment transactions. The company was founded by Leslie M. Muma and George D. Dalton on July 31, 1984 and is headquartered in Milwaukee, WI.
Long Fiserv @ 215.38 - You do NOT want to miss this one!C'mon, look at that chart. It's the chart equivalent of a cute puppy.
How could you not love it? It has a little something for everyone. The chartists will love how the close today sits right at the confluence of both recent support and the trend line. It's not volatile, it's beautiful.
And for me, it's only given a buy signal 12 times in the last year before today (because it doesn't correct hardly ever). Unsurprisingly, all 12 have been profitable. In that time, the average gain has been 1.27% and the average holding period was LESS THAN 2 DAYS (the LONGEST trade in the last 12 months lasted 7 trading days - but it was also the biggest win). That works out to a stellar .66% per day held this year - about 15x better than the S&P 500 average daily return.
Over a longer time frame, I have a ranking system that factors in gain per day held, total number of trades (sample size), largest drawdown (based on how I trade) and average number of days held per trade. Out of roughly 750 stocks with market caps above 10B, it has the 4th best composite score. It is both very profitable, very safe, and produces quick returns, historically. For comparison, the only stock I've posted on here as a trade idea that has a better lifetime composite score than VIE:FISV is $MSFT. That's some pretty good company when you think about how well NASDAQ:MSFT has done over its lifetime.
So obviously, I went long today at the close. Per my usual strategy, I'll add at the close on any day it is still rated a 'buy" by my algo, and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Fiserv: Trading Opportunities!Recently, the FI stock surged directly into our green Target Zone (coordinates: $186.40 – $207.40). This year alone, it has gained over 40%. With the recent arrival in our Zone, the time is now ripe for an overarching trend reversal. Because: by hitting our Zone, the price has reached the absolute minimum target for the green wave . From a technical perspective, an immediate trend reversal and a transition into wave II are now possible. At the moment, we place Fiserv in the turquoise wave 3, which should be followed by another dip below our Target Zone. Ultimately, the entire turquoise upward impulse should complete the overarching uptrend of the beige wave I. Thus, our Zone can be used to take profits from existing long positions or to initiate new short trades. Such potential short positions can be hedged with a stop 1% above the 78.60% retracement level (at $207.40).
Fiserv: At the crossroadsWe primarily expect Fiserv to drop into magenta Target Zone between $134.54 and $120 as part of the same-colored wave (2). Investors could then open long positions there, with stops placed around 1% below the lower edge. Subsequently, we expect a rise above the resistance at $165.28. We consider an earlier break of this level to be 37% likely. In this case, however, it would only be the magenta-colored wave alt. (1).
Fiserv Fights a TrendlineFiserv has squeezed into a tight range, and now some traders may think a breakout has begun.
The first pattern on today’s chart is the falling trendline since the end of March. Notice how the provider of banking IT services has crossed above that line.
Second, FI has repeatedly bounced at $146 since late February. That could suggest support has been established above its previous all-time highs.
Third, FI tried to rally on April 23 after raising guidance. However MACD was falling at the time and that negative momentum dragged on prices. This time, however, the oscillator is rising.
Next, Bollinger Bandwidth recently tightened to its narrowest reading since January 2020. Will that volatility compression give way to expansion?
Finally, the 50- and 100-day simple moving averages are on top of each other. That highlights the period of consolidation and may reflect a longer-term uptrend.
The 8-day exponential moving average (EMA) also crossed above the 21-day EMA. That may reflect a shorter-term uptrend.
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Fiserv ,,, Flag pattern Uptrend
In my view, It is a Flag pattern and the descending trend line has been broken and also a price level as well, in daily time schedule. there is a good bullish candle as a trigger for entry to buying position. Next target could be at about all time high and the long-term target, based on the Flag pattern, at about $200. Do not setting up a sure SL for your position, my offer is at about $145.
Caution: Expect FI (Fiserv) to Sell OffThe fundamentals are looking great for FI no denying that. However, we have a text book 4th wave triangle you can see on the chart then with a thrust into a 5th wave. We have met the measured target of Wave A of the triangle = Wave 5. It's also interested to note a lot of top insiders have been selling at these prices. Also, not shown is monthly divergence, which is expected in a 5th wave. Expect prices to move to at least below Wave 4 around $109 or lower. Once a wave A sell off happens we can project for a wave C projection before prices could move up.
Fiserv: Time to Descend 🧗🏽♀️The price of Fiserv should have recently placed the high of the magenta-colored wave (1). We now expect the magenta target zone to be reached between $134.54 and $120. Within this range we expect the low of the same-colored wave (2). We consider it 37% likely that a higher high of the magenta-colored wave alt. (1) will occur.
Enter long entryTo my dismay, financials are in disarray. Oh I look far and wide for one that will raise my pay. As I carefully look around within this space, Fiserv looks to be the way. Upside I see along the way, enter I must say. To my finance bros, I do must say. Why treat other finance stocks like so with so much at stake. Today is yet another day, for I have found one that the technical's lead up to one way. Up I say.
Fiserv: Ready for the descent 🛝Fiserv has retreated a little since last Thursday. We now consider the high of the turquoise-colored wave B to be in place and expect a sell-off to below $120 in order to complete the magenta-colored wave (E). A drop below the $130.74 mark should provide important downward momentum along the way. However, the 30% probable alternative still needs to be considered. This option would shift the high of the turquoise-colored wave alt.B slightly higher.
Fiserv: Soon… ☺️Soon, Fiserv should reach the magenta colored zone between $134.09 and $140.81 and complete wave (B) in magenta – there is only little difference in altitude left. Once this top is placed, the share should turn downwards, heading for its next goal: the southern magenta colored zone between $108.96 and $89.26, where wave (C) in magenta and wave 4 in green should end. From there, wave 5 in green should carry Fiserv to the final top of wave I in gray, concluding an overarching upwards movement. There is a 33% chance, though, that the share could leave the next magenta zone on the upper side, developing wave alt.I in gray earlier already and thus cold-shouldering the magenta zone in the south.
FI: Bullish Pennant, awaiting confirmationBullish Pennant, awaiting confirmation
Pros:
Post forming with volume
Descending volume during flag forming
Golden cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending, barely.
Cons:
Low volume at break out
Target:
PT = 6.75$
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FI 2/8/2021Analysis:
Daily chart- After long downtrend, price enters a sideways market between 1.57-2.91 for about 300days. Starting Nov. '20, price made a series of higher lows into resistance and finding Support from 200ma, exhibiting the buyers willingness to buy at higher prices. This lead to a price breakout on 1/6/21 and a Golden cross. Price follows that move by pulling back to Resistance area 2.68-2.91 and bouncing off possibly turning Resistance into Support. These series of price action moves leads me to believe the bulls have a very strong presence here. The breakout, pull back, and bounce were my entry signals. Will Zoom in to 1HR chart for possible entry.
1HR Chart- Break out move ran into Resistance area of 3.16-3.22 with a few false breakouts then pulling back to Support area of 2.68-2.91. Price bounced off Support with a series of higher lows into resistance where it has bounce off twice to go along with a false breakout. On both of the previous higher lows, the 10Ma was acting as Dynamic Support and is currently holding the price at Resistance Area with what looks to be a Bullish Engulfing pattern. This is my Entry. I will be setting my Stop Loss at 3.10. We are currently at a Resistance Area and if price were to close below Supporting Area 3.16-3.22 and Supporting 10 Ma, the bounce move up was nothing more than a Swing and Price will be coming back down to Support Area of 2.68-2.91.
Entry: 3.23
Stop Loss: 3.10(-4.11%)
Initial Target: 5.25
FI - Downward channel breakout Long from $7.19 to $9.24FI seems trying to break out a downward channel formation. It has very strong Twiggs money flow. We think it has very good upside potential.
* Trade Criteria *
Date First Found- April 26, 2018
Pattern/Why- Downward channel breakout Long
Entry Criteria- $7.19
Exit Criteria- $9.24
Stop Loss Criteria- $6.63
Indicator Notes- Very strong Twiggs money flow index
Please check back for Trade updates. (Note: Trade update is little delayed here.)