ANIKA THERAPEUTICS INC (ANIK) Stock Technical Analysis
USA - NASDAQ:ANIK - US0352551081 - Common Stock
8.94 USD
+0.28 (+3.23%)
9.11 USD
+0.17 (+1.9%)
Overall ANIK gets a technical rating of 1 out of 10. ANIK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
96% of all other stocks performed better in the past year than ANIK.
ANIK is part of the Biotechnology industry. There are 540 other stocks in this industry, of which 78% are performing better than ANIK.
ANIK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month ANIK has a been trading in the 8.22 - 9.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
8.01
11.77
3 important support areas can be observed.
- Support @8.89 from a trend line in the daily time frame.
- Support @8.37 from a horizontal line in the daily time frame.
- A support zone ranging from 8.09 to 8.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.97 to 8.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.29 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.66 to 9.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.65 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 | NEUTRAL | NEUTRAL | The short term trend for ANIK is neutral. |
| ChartMill Relative Strength | 4.2 | NEGATIVE | ANIK has a low relative strength, it was outperformed by 95.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ANIK is below the rising 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) | 49.15 | NEUTRAL | The RSI value for ANIK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ANIK has a positive trend. |
| Stochastics (14,3) | 31.7 | NEUTRAL | The Stochastics value for ANIK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.73 | MEDIUM VOLATILITY | The ATR as a percentage value for ANIK suggests some volalility. |
| Average Directional Index/ADX (14) | 10.18 | NEGATIVE | The low ADX value for ANIK suggests a weak or negative 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)
8.94
+0.28 (+3.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.23%
1 Week3.59%
2 Weeks-1.65%
1 Month6.81%
3 Month-15.58%
6 Month-42.02%
12 Month-64.94%
2 Year-52.01%
3 Year-62.44%
5 Year-74.74%
10 Year-71.91%
15 Year48.75%
Volatility
ATR(14)0.33
ATR(20)%4.73%
ATR Inc-10.78%
Range Today0.36
ADR(20)0.42
ADR(20)%4.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.2
Mansfield-4.61
10 Day High9.45
10 Day Low8.37
20 Day High9.83
20 Day Low8.22
52 Week High25.65
52 Week Low7.87
CS1 End8.89
CR1 Start8.97
Volume & EV
DER(3)8.19%
DER(5)5.31%
Volume136.10K
Volume Incr13.98%
Vol(5)113.92K
Vol(50)124.68K