This article is for education purposes only, and not to be taken as advice to buy/sell. Please do your own due diligence before committing to any trade/investment.

The Olympics has concluded.

Did your favorite sportsperson or team win a medal?

Nearing the end of the Olympics, investors worldwide were spooked, sending the global stock market into a selling frenzy.

The S&P 500 fell more than 7% in just 3 days, while Nasdaq fell 10% in 3 days.

This sudden crash was due to the unwinding of carry trades.

Has this incident affected the stock I’m watching?

Should you be buying its shares for a position trade?

Join me on a journey to find out these and more.

Brief History of Fidelity National Information Services

Source: investor.fisglobal.com

Fidelity National Information was founded almost 60 years ago in 1968.

The company has always been on the hunt for innovative solutions in finance and payments.

This has resulted in its search for companies far and wide to acquire, expanding its presence and improving its products worldwide.

Has this strategy borne fruit?

Business Model and Financials

Source: tradingview.com

Being in the finance and payment industry, Fidelity National Information faces stiff competition.

Has it managed to fend out competition and thrive?

Let’s have a look at its total revenue (in blue). It’s evident that its total revenue has been growing year-on-year from 2017 to 2021.

However, its total revenue dived in 2022 and remains stagnant in 2023.

Let’s also look at its net income (in yellow).

Things don’t look too rosy here.

Its net income has been shrinking since 2017, only to improve in 2023.

Fundamentally, Fidelity National Information doesn’t look appealing.

But to profit from the market, a divergence between its business fundamentals and market sentiment is fine.

So, let’s examine whether its share price shows any opportunity for a profitable position trade.

Technical Analysis on Fidelity National Information Services (NYSE: FIS)

Is there a good chance of profiting from buying the shares of Fidelity National Information?

When you are looking to buy stocks, it’s ideal to look for those that are rising in price.

At a glance, you can tell that the shares of Fidelity National Information are in an uptrend. This can be inferred by comparing the number of blue (solid and outlined) candles to those in red (solid and outlined).

Next, the 2 main indicators on the chart help to indicate whether the time to buy is here. They are the green arrow and Trend Impulse Factor indicators.

Do you see a green arrow under its latest candle?

That suggests a fresh uptrend is here!

But before you buy its shares for a position trade, let’s examine what the Trend Impulse Factor indicator suggests.

The absence of a dark green bar suggests that there is insufficient momentum to sustain this fresh bullish move.

Therefore, you’ll be better off waiting.

I sense a position trading opportunity coming sooner rather than later though!

Conclusion

Source: unsplash.com

Fidelity National Information is an innovative fintech company.

Though its total revenue and net income raise questions about its financial strength, investors and traders are pouring money into its stock.

This uptrend could continue if sufficient momentum is detected, as shown by the bar of the Trend Impulse Factor indicator.

The time to buy its shares for a position trade could be near.

Both the arrow and Trend Impulse Factor indicators have been tested and proven. They form the TradersGPS (TGPS) system to help you decipher if a stock is ripe for a position trade. You won't have to feel in the dark and make wild guesses.

What are your thoughts?

Share your thoughts with me below!