Fidelity National Information Services Inc

FIS remains in a Stage 4 downtrend with price below all major moving averages and sequential lower highs and lower lows, confirming sustained selling pressure. Medium-term and long-term biases are bearish, allowing sell-side engagement, and short-term conditions favor immediate sale on failed rallies into the moving averages. Execution should focus on rejection at resistance zones around the EMAs and prior swing highs for continuation participation.

• ↑Q2 revenue $3.4B (+5.3%) and adjusted EBITDA +7.4% (margin +113 bps)
• ↑Free cash flow tripled to $525M, prompting a $100M increase in FY outlook
• ↓Capital markets revenue rose only 3.2%, reflecting client attrition