$41.66 (3.37%)

Volume: 48.911k

Closed: Nov 25, 2022

Hollow Logo Score: 6.056

ANI Pharmaceuticals Stock Forecast

$41.66 (3.37%)

Volume: 48.911k

Closed: Nov 25, 2022

Score Hollow Logo 6.056
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSI min/max Values: [ 25 - 75 ]
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ANI Pharmaceuticals stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Nov 25, 2022)


Buy or Hold candidate since 2022-11-10 Gain 14.75% PDF

The ANI Pharmaceuticals stock price gained 3.37% on the last trading day (Friday, 25th Nov 2022), rising from $40.30 to $41.66. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.50% from a day low at $39.49 to a day high of $41.66. The price has risen in 7 of the last 10 days and is up by 14.75% 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, 18 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately $2.04 million.

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The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $41.77 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.93% during the next 3 months and, with a 90% probability hold a price between $36.95 and $45.92 at the end of this 3-month period.

Signals & Forecast

The ANI Pharmaceuticals 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 $39.54 and $36.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, September 27, 2022, and so far it has risen 33.95%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, October 12, 2022 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, October 12, 2022 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $36.42 and $35.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ANI Pharmaceuticals finds support just below today's level at $36.42. If this is broken, then the next support from accumulated volume will be at $35.80 and $34.69.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.17 between high and low, or 5.50%. For the last week, the stock has had daily average volatility of 4.63%.

Our recommended stop-loss: $40.09 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 42 days ago.)

Trading Expectations For The Upcoming Trading Day Of Monday 28th

For the upcoming trading day on Monday, 28th we expect ANI Pharmaceuticals to open at $40.94, and during the day (based on 14 day Average True Range), to move between $39.76 and $43.56, which gives a possible trading interval of +/-$1.90 (+/-4.56%) up or down from last closing price. If ANI Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 9.13% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $5.24 (12.58%) our system find the risk reward attractive.

Is ANI Pharmaceuticals stock A Buy?

ANI Pharmaceuticals holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.056 Open Broker Account

Strong Buy Candidate Upgraded

Predicted Opening Price for ANI Pharmaceuticals of Monday, November 28, 2022

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

Fair opening price November 28, 2022 Current price
$40.94 $41.66 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price Change
Resistance 43.11 3.47 %
42.28 1.48 %
41.77 0.253 %
Current price: 41.66
Support 40.11 -3.73 %
39.60 -4.96 %
38.77 -6.95 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 41.66
Support 36.42 -12.58%
35.80 -14.07%
34.69 -16.73%

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About ANI Pharmaceuticals

ANI Pharmaceuticals, Inc., a biopharmaceutical company, develops, manufactures, and markets branded and generic prescription pharmaceuticals in the United States and Canada. It focuses on producing controlled substances, oncology products, hormones and steroids, injectables, and other formulations. The company manufactures oral solid dose products; semi-solids, liquids, and topicals; and potent products, as well as performs contract development a... ANIP Profile

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