ANIXA BIOSCIENCES INC (ANIX) Stock Technical Analysis
NASDAQ:ANIX - Nasdaq - US03528H1095 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to ANIX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ANIX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
ANIX is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 556 stocks in the same industry.
In the last month ANIX has a been trading in the 3.07 - 3.50 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, ANIX did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
ANIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ANIX is lagging the market.
ANIX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.13, a Stop Loss order could be placed below this zone.
More info and screens
2.19
3.80
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.10 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.69 from a trend line in the daily time frame.
- Support @2.62 from a trend line in the weekly time frame.
- Support @2.21 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @3.38 from a trend line in the daily time frame.
- Resistance @3.45 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.71 to 3.76. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ANIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ANIX is up. |
| ChartMill Relative Strength | 74.28 | POSITIVE | ANIX has a high relative strength, it outperformed 74.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ANIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ANIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ANIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.22 | NEUTRAL | The RSI value for ANIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ANIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.83 | NEUTRAL | The Stochastics value for ANIX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for ANIX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.33 | NEGATIVE | The low ADX value for ANIX 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.39 | 3.06 | 0.33 (9.73%) | 10.27% |
| An entry @3.39. This is a Buy Stop order right above the resistance zone. | An exit @3.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.33 points, which is 9.73%. | When investing 10.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.37
-0.01 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.3%
1 Week0.6%
2 Weeks7.32%
1 Month1.81%
3 Month22.1%
6 Month19.5%
12 Month10.49%
2 Year-6.13%
3 Year-11.32%
5 Year21.22%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.06%
ATR Inc-23.66%
Range Today0.06
ADR(20)0.14
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.28
Mansfield0.25
10 Day High3.5
10 Day Low3.07
20 Day High3.5
20 Day Low3.07
52 Week High4.2
52 Week Low2.07
CS1 End3.13
CR1 Start3.38
Volume & EV
DER(3)-3.57%
DER(5)-3.49%
Volume108.30K
Volume Incr-13.66%
Vol(5)106.02K
Vol(50)153.11K