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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, ANIK is a bad performer in the overall market: 86% of all stocks are doing better.
- ANIK is one of the lesser performing stocks in the Biotechnology industry. 60% of 525 stocks in the same industry do better.
- ANIK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ANIK has a been trading in the 9.29 - 9.85 range, which is quite wide. It is currently trading near the lows of this range.
ANIK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ANIK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.21
We found 1 important support area.
- Support @9.30 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Strong resistance @9.34 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.52 to 9.64. 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 | NEUTRAL | NEUTRAL | The short term trend for ANIK is neutral. |
| ChartMill Relative Strength | 14.11 | NEGATIVE | ANIK has a low relative strength, it was outperformed by 85.89% 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) | 42.28 | 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. |
| Stochastics (14,3) | 29.33 | NEUTRAL | The Stochastics value for ANIK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for ANIK suggests some volalility. |
| Average Directional Index/ADX (14) | 8.21 | NEGATIVE | The low ADX value for ANIK suggests a weak or negative trend. |
9.31
-0.22 (-2.31%)
ANIKA THERAPEUTICS INC / ANIK FAQ
What is the technical rating for ANIK stock?
ChartMill assigns a technical rating of 0 / 10 to ANIK.
What is the current trend direction of ANIKA THERAPEUTICS INC (ANIK) stock?
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 42.2791. This indicates that the stock is currently neutral.
What is the MACD signal for ANIK stock?
The MACD indicator for ANIKA THERAPEUTICS INC (ANIK) has a value of -0.0110745, indicating a bearish trend.
What is the short term momentum for ANIK stock?
The short term momentum for ANIKA THERAPEUTICS INC (ANIK) is neutral.