ANIKA THERAPEUTICS INC (ANIK) Stock Technical Analysis
USA - NASDAQ:ANIK - US0352551081 - Common Stock
We assign a technical rating of 3 out of 10 to ANIK. In the past year, ANIK was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ANIK has a poor technical rating and the quality of the setup is also not perfect 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
8.31
We found 4 important support areas.
- A support zone ranging from 9.55 to 9.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.82 from a trend line in the daily time frame.
- Support @8.66 from a horizontal line in the weekly time frame.
- Support @8.39 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.77 to 9.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.02 to 10.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 20.96 | NEGATIVE | ANIK has a low relative strength, it was outperformed by 79.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANIK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANIK is above the rising 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) | 55.84 | NEUTRAL | The RSI value for ANIK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ANIK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.91 | NEUTRAL | The Stochastics value for ANIK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for ANIK suggests some volalility. |
| Average Directional Index/ADX (14) | 27.64 | POSITIVE | The high ADX value value for ANIK suggests a strong trend. |
9.75
-0.1 (-1.02%)
ANIKA THERAPEUTICS INC / ANIK FAQ
What is the technical rating for ANIK stock?
ChartMill assigns a technical rating of 3 / 10 to ANIK.
Can you provide the trend direction for ANIKA THERAPEUTICS INC?
The current trend direction for ANIKA THERAPEUTICS INC (ANIK) is Bearish.
Can you provide the RSI signal for ANIKA THERAPEUTICS INC?
ANIKA THERAPEUTICS INC (ANIK) has an RSI value of 55.8435. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ANIKA THERAPEUTICS INC?
The MACD indicator for ANIKA THERAPEUTICS INC (ANIK) has a value of 0.000729468, indicating a bearish trend.
What is the short term momentum for ANIKA THERAPEUTICS INC (ANIK) stock?
The short term momentum for ANIKA THERAPEUTICS INC (ANIK) is neutral.