RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ANIK
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Anika Therapeutics Inc. stock price up 0.710% on Wednesday
(Updated on Mar 27, 2024)

Buy candidate since Mar 15, 2024 Gain 0.39% PDF

The Anika Therapeutics Inc. stock price gained 0.710% on the last trading day (Wednesday, 27th Mar 2024), rising from $25.36 to $25.54. During the last trading day the stock fluctuated 1.30% from a day low at $25.40 to a day high of $25.73. The price has risen in 6 of the last 10 days and is up by 0.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 592 more shares were traded than the day before. In total, 55 thousand shares were bought and sold for approximately $1.40 million.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.98% during the next 3 months and, with a 90% probability hold a price between $29.05 and $31.79 at the end of this 3-month period.

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ANIK Signals & Forecast

The Anika Therapeutics Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $25.40 and $24.99. A breakdown below any of these levels will issue sell signals. Anika Therapeutics Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -3.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Anika Therapeutics Inc. stock

Anika Therapeutics Inc. finds support from accumulated volume at $25.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.330 (1.30%) between high and low. For the last week, the stock has had daily average volatility of 2.17%.

Our recommended stop-loss: $24.46 (-4.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (ANIK) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Anika Therapeutics Inc. to open at $25.56, and during the day (based on 14 day Average True Range), to move between $24.57 and $26.51, which gives a possible trading interval of +/-$0.97 (+/-3.79%) up or down from last closing price. If Anika Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 7.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.40 (0.55%) than the resistance at $25.79 (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Anika Therapeutics Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Anika Therapeutics Inc. stock to perform well in the short-term.

Current score: 3.952 Buy Candidate Unchanged

Predicted Opening Price for Anika Therapeutics Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$25.56 ( 0.0653%) $25.54

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ANIK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 25.89 1.36 %
R2 25.76 0.86 %
R1 25.68 0.559 %
Current price: 25.54
Support S1 25.43 -0.428 %
S2 25.35 -0.733 %
S3 25.23 -1.23 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.42 3.45 %
R2 26.03 1.92 %
R1 25.79 0.98 %
Current price 25.54
Support S1 25.40 -0.548%
S2 24.83 -2.78%
S3 24.54 -3.92%

FAQ

What is the symbol for Anika Therapeutics Inc. Stock and on which exchange is it traded?
The symbol for Anika Therapeutics Inc. is ANIK and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Anika Therapeutics Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Anika Therapeutics Inc. stock to perform well in the short-term.

How to buy Anika Therapeutics Inc. Stock?
Anika Therapeutics Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Anika Therapeutics Inc. Stock.

What's the current price of Anika Therapeutics Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Anika Therapeutics Inc. (ANIK) share was $25.54.

What is the 52-week high and low for Anika Therapeutics Inc. Stock?
The 52-week high for Anika Therapeutics Inc. Stock is $29.26 and the 52-week low is $16.57.

What is the market capitalization of Anika Therapeutics Inc. Stock?
As of the 2024-03-27, the market capitalization of Anika Therapeutics Inc. is 373.929M.

When is the next earnings date for Anika Therapeutics Inc.?
The upcoming earnings date for Anika Therapeutics Inc. is May 14, 2024.
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About Anika Therapeutics Inc.

Anika Therapeutics. Anika Therapeutics, Inc., a joint preservation company, creates and delivers advancements in early intervention orthopedic care in the areas of osteoarthritis (OA) pain management, regenerative solutions, soft tissue repair, and bone preserving joint technologies in the United States, Europe, and internationally. The company develops, manufactures, and commercializes products based on hyaluronic acid (HA) technology platform. Its OA pain manageme... ANIK Profile

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