Fiserv, decline stalls between two levels
Fiserv +0.8%: the sell signal gets boxed in between two levels
Fiserv, decline stalls between two levels
Our view last week
Money flow on Fiserv has turned slightly positive again and the week closed essentially flat, up just 0.4% after the previous week's sharp drop. The sell signal, now in its tenth week, keeps losing steam: the ADX is fading further and momentum is easing, while sellers stay in control but with less room. The short remains well in profit, above 8%.
This week's summary
Fiserv shares stay boxed into a tight band, between the 51.8 area and the 50.9 area, after the 7% rebound off the double bottom in the 47 area. The sell signal, now in its 11th week, keeps losing steam: the ADX has dropped for a fourth straight week and the price action reads as an indecisive phase. The short is still in profit, above 7%.
IQS Phase
68
in tension
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#133 / 141
US stocks
Trade P&L %
+7.79%
from signal to today
Rank position
ranks 133rd among the 141 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein positive regime
Performanceweekly +0.09% · monthly +4.82%
FISV belongs to the financials sector (reference ETF XLF). The sector is classified in positive regime according to our weekly reading.
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