We assign a technical rating of 1 out of 10 to ANIK. 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.
ANIK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 9.50, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.20
When analyzing the support we can see 2 important areas.
- Support @9.50 from a trend line in the daily time frame.
- A support zone ranging from 9.29 to 9.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.59 to 9.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.01 to 10.14. 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 | DOWN | NEGATIVE | The short term trend for ANIK is down. |
| ChartMill Relative Strength | 16.64 | NEGATIVE | ANIK has a low relative strength, it was outperformed by 83.36% 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) | UP | MIXED | The current price of ANIK is below 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) | 46.02 | NEUTRAL | The RSI value for ANIK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ANIK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.25 | NEUTRAL | The Stochastics value for ANIK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for ANIK suggests some volalility. |
| Average Directional Index/ADX (14) | 15.91 | NEGATIVE | The low ADX value for ANIK suggests a weak or negative trend. |
9.52
-0.11 (-1.14%)
ANIKA THERAPEUTICS INC / ANIK FAQ
What is the technical rating for ANIK stock?
ChartMill assigns a technical rating of 1 / 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 46.0227. 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 -0.040197, 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 negative.