The Greedy Trader Weekly Analysis
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Weekly Pattern:Broadening Descending Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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- 6/7/2024 -
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Fidelity National Information Services (FIS) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
Daily :The price has risen above the Parabolic SAR
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It was a first positive week for the Fidelity National Information Services (FIS). During the week, the FIS gained 1.63 points, or 2.15%, and closed at 77.51 on Friday, June 7, 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 39.38 and resistance is at 146.66. 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. Price is near the trend high.

Weekly Technical Indicators: [See FIS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 30, 2024 at 73.77 and reached 77.53 on June 7, 2024. FIS gained -3.76 points, or -5.10%, in 8 days. Price is near the trend high.

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

The daily MACD line is below its signal line since May 24, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.36
Williams' Percentage Range (W%R) 52.70
Lane's Stochastic (%D-Slow) 62.77
Greed/Fear Indicator (GFI) 52.13
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.67
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 81.33
Overbought Bearish
Greed/Fear Indicator (GFI) 75.53
Moving Average Converg./Diverg. (MACD) 3.74 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 78.01
Price 77.51
Weekly Stochastic Crossing 76.89
20 Day Moving Average 76.44
Daily Stochastic Crossing 76.27
Parabolic System 73.70
50 Day Moving Average 73.46
Lower Bollinger Band 73.13
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Data Processing & Outsourced Services 47
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 73.77
Low Date 05/30/2024
High 77.53
High Date 06/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.77
Low Date 05/30/2024
High 77.53
High Date 06/07/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.72
Low Date 05/01/2024
High 78.73
High Date 05/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 146.66
Support 39.38
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.