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 ANIP
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ANI Pharmaceuticals stock price ended at $69.13 on Thursday, after losing 0.80%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 14, 2024 Gain 23.23% PDF

The ANI Pharmaceuticals stock price fell by -0.80% on the last day (Thursday, 28th Mar 2024) from $69.69 to $69.13. During the last trading day the stock fluctuated 1.52% from a day low at $69.00 to a day high of $70.05. The price has risen in 7 of the last 10 days and is up by 4.66% over the past 2 weeks. Volume has increased on the last day by 132 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 237 thousand shares were bought and sold for approximately $16.37 million.

The stock lies in the upper part of a wide and strong 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 $69.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.24% during the next 3 months and, with a 90% probability hold a price between $82.41 and $91.11 at the end of this 3-month period.

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ANIP Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.80%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The ANI Pharmaceuticals stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $69.29. On a fall, the stock will find some support from the long-term average at approximately $63.70. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for ANI Pharmaceuticals stock

ANI Pharmaceuticals finds support from accumulated volume at $67.67 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 $1.05 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.

Our recommended stop-loss: $67.02 (-3.05%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ANIP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ANI Pharmaceuticals to open at $69.39, and during the day (based on 14 day Average True Range), to move between $67.42 and $70.84, which gives a possible trading interval of +/-$1.71 (+/-2.47%) up or down from last closing price. If ANI Pharmaceuticals takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $69.32 (0.27%) than the support at $67.67 (2.11%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ANI Pharmaceuticals stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.344 Buy Candidate Unchanged

Predicted Opening Price for ANI Pharmaceuticals of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$69.39 ( 0.381%) $69.13

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

Trading levels for ANIP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 70.44 1.90 %
R2 70.04 1.32 %
R1 69.79 0.96 %
Current price: 69.13
Support S1 68.99 -0.199 %
S2 68.74 -0.558 %
S3 68.34 -1.14 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 69.60 0.680 %
R2 69.58 0.651 %
R1 69.32 0.275 %
Current price 69.13
Support S1 67.67 -2.11%
S2 66.13 -4.34%
S3 66.00 -4.53%

FAQ

What is the symbol for ANI Pharmaceuticals Stock and on which exchange is it traded?
The symbol for ANI Pharmaceuticals is ANIP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell ANI Pharmaceuticals Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

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

What's the current price of ANI Pharmaceuticals Stock?
As of the end of day on the 2024-03-28, the price of an ANI Pharmaceuticals (ANIP) share was $69.13.

What is the 52-week high and low for ANI Pharmaceuticals Stock?
The 52-week high for ANI Pharmaceuticals Stock is $70.81 and the 52-week low is $36.99.

What is the market capitalization of ANI Pharmaceuticals Stock?
As of the 2024-03-28, the market capitalization of ANI Pharmaceuticals is 1.456B.

When is the next earnings date for ANI Pharmaceuticals?
The upcoming earnings date for ANI Pharmaceuticals is May 13, 2024.
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About ANI Pharmaceuticals

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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