Fidus Investment Corp. Forms Death Cross, Signals Bearish Trend Ahead

Fidus Investment Corp., a microcap player in the capital markets industry, has recently experienced a significant technical event known as a Death Cross. This occurs when a stock's short-term moving average crosses below its long-term moving average, often signaling a potential shift in market sentiment and a bearish trend.
Currently, Fidus Investment Corp. is showing bearish indicators across several technical metrics. The Moving Average Convergence Divergence (MACD) is bearish on a weekly basis and mildly bearish monthly, while the Relative Strength Index (RSI) shows no signals for both weekly and monthly periods. Additionally, the Bollinger Bands indicate a mildly bearish trend weekly, contrasting with a bullish outlook monthly.

In terms of performance, Fidus has underperformed compared to the S&P 500 across various time frames, including a year-to-date decline of 1.95% versus the S&P's gain of 15.47%. This underperformance, coupled with the recent technical developments, may suggest caution for investors as the stock navigates through these challenging market conditions.