Fidelity National (FIS) Falls 4.90% on Three-Day Losing Streak as Technical Indicators Signal Bearish Bias

Fidelity National (FIS) has experienced a three-day losing streak, with a 4.90% decline in the last three sessions, closing at $64.23 on January 13, 2026. The recent price action reflects bearish momentum, with key technical indicators aligning to suggest a potential continuation of the downtrend or a short-term rebound from critical support levels.

Candlestick Theory

The recent price action displays a series of bearish candlesticks, including lower lows and lower highs, forming a descending channel. A key support level is identified near $63.85 (January 9 low), while resistance is at $66.84 (January 6 high). A potential bearish engulfing pattern emerged on January 13, with the candle closing near its low, suggesting continued selling pressure. However, a bullish reversal could occur if the price holds above $63.85, potentially triggering a test of the $65.48–$66.24 consolidation range from mid-January.

Moving Average Theory

The 50-day, 100-day, and 200-day moving averages are positioned at approximately $66.50, $67.50, and $68.00, respectively, confirming a bearish bias as the price remains below all three. The 50-day MA crossing below the 100-day MA in mid-December signaled a bearish crossover, while the 200-day MA acts as a long-term resistance. A retest of the 50-day MA at ~$66.50 may trigger short-term volatility, but sustained trading below $64.23 would reinforce the downtrend.

MACD & KDJ Indicators

The MACD line has crossed below the signal line in late January, indicating bearish momentum, with histogram contractions suggesting weakening short-term selling pressure. The stochastic oscillator (KDJ) shows %K (~20) and %D (~30) in oversold territory, hinting at a potential near-term bounce. However, a bearish divergence between the RSI and price action (discussed below) may delay a reversal.

Bollinger Bands

Volatility has expanded recently, with the price touching the lower Bollinger Band on January 13. This suggests a high-volatility environment, and a rebound toward the 20-day moving average (~$64.50) could occur if the bands contract. The middle band (~$65.50) may act as dynamic resistance, with a break below $63.85 likely to accelerate the downtrend.

Volume-Price Relationship

Trading volume has been mixed, with elevated volumes on down days (e.g., 3.4M shares on January 13) validating the recent decline. However, declining volume in mid-January suggests weakening bearish conviction. A surge in volume during an upward move could confirm a short-term rebound, while sustained low volume may indicate a lack of buyers.

Relative Strength Index (RSI)

The 14-day RSI stands at ~25, indicating oversold conditions. While this historically suggests a potential bounce, the RSI has remained in oversold territory for several days, weakening its predictive power. A break above 30 would require a rebound to $65.50–$66.00 to validate a reversal, but a failure to hold above 30 could push the price toward the $63.00–$63.50 psychological support zone.

Fibonacci Retracement

Key Fibonacci levels from the December 2025 high (~$69.00) to the January 2026 low (~$63.80) include 23.6% at $67.30, 38.2% at $66.50, and 50% at $66.00. The current price (~$64.23) is approaching the 61.8% retracement level at $65.00, which could act as a critical support. A break below this level would target the 76.4% level at $63.50.

Confluence and Divergences

A confluence of bearish signals (lower highs, bearish MACD, and price below moving averages) supports a continuation of the downtrend. However, the oversold RSI and stochastic oscillator suggest a short-term rebound to $65.00–$66.00 is possible. Divergence between the RSI and price action (RSI bottoming while the price continues to fall) may delay a reversal, increasing the risk of a deeper pullback.