Red day on Friday for ANI Pharmaceuticals stock after losing 3.54%
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-02 Loss -3.54% PDF
The ANI Pharmaceuticals stock price fell by -3.54% on the last day (Friday, 3rd Dec 2021) from $41.00 to $39.55. During the day the stock fluctuated 6.28% from a day low at $39.19 to a day high of $41.65. The price has been going up and down for this period, and there has been a -8.77% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -43 thousand shares and in total, 113 thousand shares were bought and sold for approximately $4.46 million.
Given the current short-term trend, the stock is expected to rise 44.93% during the next 3 months and, with a 90% probability hold a price between $57.32 and $92.58 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The ANI Pharmaceuticals stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $40.98 and $43.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 02, 2021, and so far it has fallen -30.43%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
ANI Pharmaceuticals finds support from accumulated volume at $38.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.46 between high and low, or 6.28%. For the last week, the stock has had a daily average volatility of 5.62%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is ANI Pharmaceuticals stock A Buy?
The ANI Pharmaceuticals stock holds several negative signals and despite the positive trend, we believe ANI Pharmaceuticals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.532
Predicted Opening Price for ANI Pharmaceuticals of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Nov 02, 2021 "Truist Securities" gave "$70.00" rating for ANIP. The price target was set to $55.89+49.5%.
ANIP Insider Trading
|Nov 19, 2021||Buy||383 226||Gassert Chad||Common Stock|
|Nov 19, 2021||Buy||1 332 620||Shanmugam Muthusamy||Common Stock|
|Nov 19, 2021||Buy||13 460||Shanmugam Muthusamy||Common Stock|
|Sep 08, 2021||Sell||2 577||Lalwani Nikhil||Common Stock|
|Apr 12, 2021||Sell||3 042||Carey Stephen P.||Common Stock|
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