Fidelity National Information Services Stock Forecast
Stronger technical forecast for Fidelity National Information Services stock price after Tuesday trading.
(Updated on Apr 23, 2024)
The Fidelity National Information Services stock price gained 0.84% on the last trading day (Tuesday, 23rd Apr 2024), rising from $71.30 to $71.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.06% from a day low at $71.45 to a day high of $72.21. The price has fallen in 7 of the last 10 days and is down by -2.67% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $306.02 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $70.62 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.66% during the next 3 months and, with a 90% probability hold a price between $84.50 and $92.95 at the end of this 3-month period.
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FIS Signals & Forecast
The Fidelity National Information Services stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $70.81 and $71.13. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -3.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fidelity National Information Services stock
Fidelity National Information Services finds support from accumulated volume at $69.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.755 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $68.83 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (FIS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Fidelity National Information Services Inc to open at $71.85, and during the day (based on 14 day Average True Range), to move between $70.53 and $73.27, which gives a possible trading interval of +/-$1.37 (+/-1.90%) up or down from last closing price. If Fidelity National Information Services Inc takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $72.26 (0.50%) than the support at $69.75 (2.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Fidelity National Information Services Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fidelity National Information Services stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.566 Buy Candidate Upgraded
Predicted Opening Price for Fidelity National Information Services Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $71.85 ( 0.0672%) | $71.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.61 | 0.98 % | |
| R2 | 72.32 | 0.582 % | ||
| R1 | 72.14 | 0.334 % | ||
| Current price: | 71.90 | |||
| Support | S1 | 71.56 | -0.468 % | |
| S2 | 71.39 | -0.716 % | ||
| S3 | 71.10 | -1.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.46 | 2.17 % | |
| R2 | 72.30 | 0.556 % | ||
| R1 | 72.26 | 0.501 % | ||
| Current price | 71.90 | |||
| Support | S1 | 69.75 | -2.99% | |
| S2 | 69.19 | -3.77% | ||
| S3 | 67.33 | -6.36% |
FIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Mar 22, 2024 | $0.360 | 0.510% |
| 2 | Oct 19, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.520 | 0.87% |
| 3 | Jul 20, 2023 | Sep 07, 2023 | Sep 22, 2023 | $0.520 | 0.93% |
| 4 | Apr 20, 2023 | Jun 08, 2023 | Sep 22, 2023 | $0.520 | 0.93% |
| 5 | Jan 26, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.520 | 1.05% |
FAQ
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