ANI PHARMACEUTICALS INC (ANIP) Stock Technical Analysis
NASDAQ:ANIP • US00182C1036
We assign a technical rating of 1 out of 10 to ANIP. ANIP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- ANIP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the yearly performance of all stocks, we notice that ANIP is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- ANIP is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, ANIP did better than 61% of them.
- ANIP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ANIP is lagging the market.
Although the technical rating is bad, ANIP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 76.88, a Stop Loss order could be placed below this zone.
More info and screens
65.00
We found 2 important support areas.
- A support zone ranging from 76.25 to 76.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 79.79 to 82.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 84.83 to 85.77. 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 | NEUTRAL | NEUTRAL | The long term trend for ANIP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ANIP is down. |
| ChartMill Relative Strength | 71.53 | POSITIVE | ANIP has a high relative strength, it outperformed 71.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ANIP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ANIP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ANIP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.27 | NEUTRAL | The RSI value for ANIP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests ANIP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.51 | NEUTRAL | The Stochastics value for ANIP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for ANIP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.24 | NEUTRAL | The ADX value for ANIP suggests a possible start of a new trend. |
77.77
-0.33 (-0.42%)
ANI PHARMACEUTICALS INC / ANIP FAQ
What is the technical rating for ANIP stock?
ChartMill assigns a technical rating of 1 / 10 to ANIP.
Can you provide the trend direction for ANI PHARMACEUTICALS INC?
The current trend direction for ANI PHARMACEUTICALS INC (ANIP) is Bearish.
Can you provide the RSI signal for ANI PHARMACEUTICALS INC?
ANI PHARMACEUTICALS INC (ANIP) has an RSI value of 42.2694. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ANI PHARMACEUTICALS INC?
The short term momentum for ANI PHARMACEUTICALS INC (ANIP) is negative.