Fidelity National Information Services Stock Forecast
Weaker technical forecast for Fidelity National Information Services as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The Fidelity National Information Services stock price fell by -1.52% on the last day (Wednesday, 24th Apr 2024) from $71.90 to $70.81. During the last trading day the stock fluctuated 1.43% from a day low at $70.78 to a day high of $71.79. The price has fallen in 7 of the last 10 days and is down by -2.51% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -243 thousand shares and in total, 4 million shares were bought and sold for approximately $284.19 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 $70.80 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 18.94% during the next 3 months and, with a 90% probability hold a price between $84.21 and $92.50 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FIS Signals & Forecast
There are few to no technical positive signals at the moment. The Fidelity National Information Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $70.83 and $71.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -4.54%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 $1.01 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FIS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Fidelity National Information Services Inc to open at $71.13, and during the day (based on 14 day Average True Range), to move between $69.46 and $72.16, which gives a possible trading interval of +/-$1.35 (+/-1.91%) 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 3.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $69.75 (1.50%) than the resistance at $71.90 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fidelity National Information Services Inc stock A Buy?
The Fidelity National Information Services stock holds several negative signals and despite the positive trend, we believe Fidelity National Information Services will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.095 Sell Candidate Downgraded
Predicted Opening Price for Fidelity National Information Services Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $71.13 ( 0.447%) | $70.81 |
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 | 72.14 | 1.87 % | |
| R2 | 71.75 | 1.33 % | ||
| R1 | 71.51 | 0.99 % | ||
| Current price: | 70.81 | |||
| Support | S1 | 70.74 | -0.0977 % | |
| S2 | 70.50 | -0.434 % | ||
| S3 | 70.12 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.46 | 3.74 % | |
| R2 | 72.30 | 2.10 % | ||
| R1 | 71.90 | 1.54 % | ||
| Current price | 70.81 | |||
| Support | S1 | 69.75 | -1.50% | |
| S2 | 69.19 | -2.29% | ||
| S3 | 67.33 | -4.91% |
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
Click here for our free guide on how to buy Fidelity National Information Services Inc Stock.
