Fidelity Southern Corporation Stock Analysis
Technical stock analysis for 23 January 2019
Fidelity Southern Corporation gained 0.07% in the last trading day, rising from $28.38 to $28.40 The price has risen in 6 of the last 10 days and is up by 1.61% over the past 2 weeks. Volume fell in the last day by -47 955 shares, and in total, 61 381 shares bought and sold for approximately $1.74 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 (Wednesday, 23rd Jan 2019) of the LION stock was $28.40. This is 0.07% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 1.91% from a day low at $28.22 to a day high of $28.76.
30 day high of the LION stock price was $29.47 and low was $24.29.
90 day high was $29.47 and low was $21.18.
52 week high for the Fidelity Southern Corporation - $29.47 and low - $21.18.
Fidelity Southern Corporation lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $29.14 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 23.99% during the next 3 months and, with 90% probability hold a price between $29.47 and $36.13 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Fidelity Southern Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $28.46. On a fall, the stock will find some support from the long-term average at approximately $25.58. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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.
* 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)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $25.69 and $24.88.
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 $25.69. If this is broken, then the next support from accumulated volume will be at $24.88 and $24.82.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.54 between high and low, or 1.91%. For the last week, the stock has had a daily average volatility of 2.57%.
Our recommended stoploss: $27.14 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
Very Low Low Medium High Very High
Fidelity Southern Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|LION $28.40 $0.02(0.07%)|
LION is up $0.02 today, but where's it headed in 2019?
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