ANIKA THERAPEUTICS INC (ANIK)
US0352551081 - Common Stock
Taking everything into account, ANIK scores 6 out of 10 in our technical rating. Although ANIK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ANIK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ANIK is performing more or less in line with the market.
In the last month ANIK has a been trading in the 24.90 - 26.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, ANIK turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
ANIK is an average performer in the Biotechnology industry, it outperforms 63% of 588 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
ANIK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.66. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.56, a Stop Loss order could be placed below this zone.
More info and screens
21.73
26.68
We found 3 important support areas.
- A support zone ranging from 24.91 to 25.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.28 from a horizontal line in the daily time frame.
- Support @21.95 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 25.66 to 25.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.42 to 26.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.09
Mansfield0.07
10 Day High26.16
10 Day Low24.97
20 Day High26.85
20 Day Low24.9
52 Week High28.13
52 Week Low16.54
Performance
1 Week-1.04%
2 Weeks2.28%
1 Month0.67%
3 Month4.8%
6 Month37.99%
12 Month-0.35%
2 Year18.76%
3 Year-36.36%
5 Year-19.72%
10 Year-40.17%
15 Year356.61%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.03
RSI(14)50.2
LBB25.12
UBB26.15
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.90 | 24.96 | 0.94 (3.63%) | 25.00% |
| An entry @25.90. This is a Buy Stop order right above the resistance zone. | An exit @24.96. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.94 points, which is 3.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.91%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ANIKA THERAPEUTICS INC
NASDAQ:ANIK (4/26/2024, 7:00:00 PM)
After market: 25.57 0 (0%)25.57
-0.01 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.04%
1 Week-1.04%
2 Weeks2.28%
1 Month0.67%
3 Month4.8%
6 Month37.99%
12 Month-0.35%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.53
ATR(20)%2.24%
ATR Inc
Range Today0.35
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High26.16
10 Day Low24.97
20 Day High26.85
20 Day Low24.9
52 Week High28.13
52 Week Low16.54
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume36.80K
Volume Incr-45.42%
Vol(5)38.02K
Vol(50)84.61K