Previous Hold Today ANIK ranks #2125 as HOLD CANDIDATE #2125 Next Hold

Anika Therapeutics Inc. stock forecast

ANIK stock forecast

Friday June 14, 2019 Change -1.51% Price $39.77
Chart period: 2019-03-15 - 2019-06-14
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will ANIK stock price go up or down on Mon, 17 Jun 2019?

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Anika Therapeutics Inc. Forecast and Stock Analysis

Technical ANIK stock analysis for Friday June 14, 2019.

Hold candidate since 2019-06-14


Anika Therapeutics Inc. fell by -1.51% in the last day ( Friday, 14th Jun 2019 ) from $40.38 to $39.77 and has now fallen 3 days in a row. During day the stock fluctuated 2.17% from a day low at $39.55 to a day high of $40.41. The price has been going up and down for this period, and there has been a 4.66% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -6 990 shares and in total 121 195 shares bought and sold for approximately $4.82 million.

Quick summary:

  • 30 day high of the ANIK stock price was $40.82 and low was $35.67.
  • 90 day high was $41.88 and low was $29.01.
  • 52 week high for the Anika Therapeutics Inc. - $46.43 and low - $28.54.

Trend

Anika Therapeutics Inc. lies in the middle of a very wide and 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 36.54% during the next 3 months and, with 90% probability hold a price between $50.41 and $63.76 at the end of this period.

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Signals

Anika Therapeutics Inc. holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $39.97. On a fall, the stock will find some support from the long-term average at approximately $38.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday June 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double top formation was found on Wednesday June 12, 2019 and based on theory for this formation the price should fall by -2.70% to $37.98 within 24 trading days since signal was issued (Wednesday July 17, 2019).

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Anika Therapeutics Inc. finds support from accumulated volume at $39.22.

Support: $39.22 Price: $39.77 Resistance: $39.85

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.86 (2.17%) between high and low. For the last week, the stock has had a daily average volatility of 2.57%.

Our recommended stoploss: $37.91 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

2.57 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Anika Therapeutics Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today ANIK ranks #2125 as HOLD CANDIDATE #2125 Next Hold

Will ANIK stock price go up or down on Mon, 17 Jun 2019?

Predict

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