Fidelity Southern Corporation Forecast and Stock Analysis
Technical LION stock analysis for March 18, 2019.
Fidelity Southern Corporation gained 1.03% in the last trading day, rising from $30.14 to $30.45 The price has fallen in 7 of the last 10 days and is down by -6.28% for this period. Volume fell in the last day by -260 589 shares, and in total, 163 561 shares bought and sold for approximately $4.98 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the LION stock was $30.45. This is 1.03% more than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 1.92% from a day low at $30.14 to a day high of $30.72.
30 day high of the LION stock price was $33.32 and low was $30.10.
90 day high was $33.32 and low was $24.29.
52 week high for the Fidelity Southern Corporation - $33.32 and low - $21.18.
Fidelity Southern Corporation lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $30.26 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.81% during the next 3 months and, with 90% probability hold a price between $37.76 and $43.30 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Fidelity Southern Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $31.26. On a fall, the stock will find some support from the short-term average at $30.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $25.62 and $25.34.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fidelity Southern Corporation finds support just below today's level at $25.62. If this is broken, then the next support from accumulated volume will be at $25.34 and $24.88.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.58 (1.92%) between high and low. For the last week, the stock has had a daily average volatility of 1.57%.
Fidelity Southern Corporation is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Fidelity Southern Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.