ANIKA THERAPEUTICS INC (ANIK) Stock Technical Analysis
NASDAQ:ANIK - Nasdaq - US0352551081 - Common Stock - Currency: USD
Taking everything into account, ANIK scores 0 out of 10 in our technical rating. ANIK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, ANIK is a bad performer in the overall market: 94% of all stocks are doing better.
ANIK is one of the lesser performing stocks in the Biotechnology industry. 68% of 558 stocks in the same industry do better.
ANIK is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ANIK is lagging the market.
In the last month ANIK has a been trading in the 10.89 - 15.04 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of ANIK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.00
17.90
When analyzing the support we notice one important area.
- A support zone ranging from 11.11 to 11.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.46 to 11.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.56 to 13.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @17.72 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ANIK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ANIK is down. |
| ChartMill Relative Strength | 6.26 | NEGATIVE | ANIK has a low relative strength, it was outperformed by 93.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ANIK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ANIK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ANIK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.94 | NEUTRAL | The RSI value for ANIK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ANIK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.67 | NEUTRAL | The Stochastics value for ANIK is a neutral value. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for ANIK suggests high volalility. |
| Average Directional Index/ADX (14) | 43.06 | POSITIVE | The high ADX value value for ANIK suggests a strong trend. |
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)
11.45
+0.3 (+2.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.69%
1 Week1.87%
2 Weeks-6.07%
1 Month-22.9%
3 Month-31.11%
6 Month-34.38%
12 Month-55.6%
2 Year-55.93%
3 Year-48.7%
5 Year-69.65%
10 Year-65.33%
15 Year94.4%
Volatility
ATR(14)0.61
ATR(20)%6.7%
ATR Inc-54.17%
Range Today0.53
ADR(20)0.68
ADR(20)%5.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.26
Mansfield-4.34
10 Day High12.48
10 Day Low10.89
20 Day High15.04
20 Day Low10.89
52 Week High29.12
52 Week Low10.89
CS1 End11.14
CR1 Start11.46
Volume & EV
DER(3)4.22%
DER(5)3.07%
Volume79.60K
Volume Incr-12.06%
Vol(5)66.29K
Vol(50)72.21K