New buy signal on Fiserv
Fiserv triggers a new buy signal after a weekly +5.7%, with buyers in control
New buy signal on Fiserv
Our view last week
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%.
This week's summary
Fiserv closes the week up 5.7% and triggers a new buy signal: the bounce off the daily 50-day moving average comes with 89.9% of trading volume on the buy side, a short-term strength signal. The financial sector stays supportive, higher both on the week and the month. The weekly picture isn't fully convinced yet: the price remains below the weekly Ichimoku cloud and the ADX is losing steam, with the daily money flow still in mild distribution.
IQS Phase
40
ordinary
Signal Strength
65
medium
Sizing
STANDARD
Ranking
#11 / 16
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 11th among the 16 fresh Longs for US stocks in our ranking, with a signal strength of 65 out of 100.
Sector context
SectorFinancials
Benchmark ETFXLF
Sector regimein strong phase
Performanceweekly +1.12% · monthly +3.94%
FISV belongs to the financials sector (reference ETF XLF). The sector is classified in strong phase according to our weekly reading.
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