The Greedy Trader Weekly Analysis
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Candlesticks Name: Bearish Three Black Crows
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- 5/3/2024 -
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Fidelity National Information Services (FIS) Technical Analysis

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Summary:
Weekly :Broken trend support lineStochastic signal line moved below overbought area
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the Fidelity National Information Services (FIS). During the week, the FIS gained 1.12 points, or 1.61%, and closed at 70.72 on Friday, May 3, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -15% 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 40.56 and resistance is at 146.91. 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 uptrend support line (72.29) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See FIS weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 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. 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 1, 2024 at 66.72 and reached 70.76 on May 3, 2024. FIS gained -4.04 points, or -6.06%, in 2 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 April 3, 2024.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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 price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 50.00
Williams' Percentage Range (W%R) 55.00
Lane's Stochastic (%D-Slow) 28.00
Greed/Fear Indicator (GFI) 40.99
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.22
Williams' Percentage Range (W%R) 27.00
Lane's Stochastic (%D-Slow) 68.25
Greed/Fear Indicator (GFI) 67.06
Moving Average Converg./Diverg. (MACD) 3.17
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 79.32
Upper Bollinger Band 73.36
Quarterly Trendline Support 72.29
Weekly Stochastic Crossing 71.85
Monthly Trendline Resistance 71.08
Price 70.72
20 Day Moving Average 70.70
50 Day Moving Average 70.37
Daily Stochastic Crossing 68.40
Lower Bollinger Band 67.13
Parabolic System 66.65
Monthly Trendline Support 66.39
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Data Processing & Outsourced Services 47
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.72
Low Date 05/01/2024
High 70.76
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.72
Low Date 05/01/2024
High 70.76
High Date 05/03/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 71.08
Support 66.39
High 74.75
High Date 03/28/2024
Low 66.72
Low Date 05/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 79.32
Support 72.29
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 146.91
Support 40.56
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.