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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Red day on Thursday for Anika Therapeutics Inc. stock after losing 0.548%
(Updated on Mar 28, 2024)

Buy candidate since Mar 15, 2024 Loss -0.16% PDF

The Anika Therapeutics Inc. stock price fell by -0.548% on the last day (Thursday, 28th Mar 2024) from $25.54 to $25.40. During the last trading day the stock fluctuated 1.53% from a day low at $25.24 to a day high of $25.62. The price has risen in 6 of the last 10 days and is up by 3.5% over the past 2 weeks. Volume has increased on the last day by 23 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, 77 thousand shares were bought and sold for approximately $1.96 million.

The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.09 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.82% during the next 3 months and, with a 90% probability hold a price between $29.06 and $31.81 at the end of this 3-month period.

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ANIK Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -3.86%. 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 Anika Therapeutics Inc. 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 $25.40. On a fall, the stock will find some support from the long-term average at approximately $25.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

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

Anika Therapeutics Inc. finds support from accumulated volume at $25.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.385 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 1.74%.

Our recommended stop-loss: $24.58 (-3.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Anika Therapeutics Inc. to open at $25.42, and during the day (based on 14 day Average True Range), to move between $24.47 and $26.33, which gives a possible trading interval of +/-$0.93 (+/-3.65%) up or down from last closing price. If Anika Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.44 (0.16%) than the support at $25.26 (0.55%), 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 Anika Therapeutics Inc. 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: 1.528 Buy Candidate Unchanged

Predicted Opening Price for Anika Therapeutics Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$25.42 ( 0.0722%) $25.40

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 25.80 1.59 %
R2 25.66 1.01 %
R1 25.57 0.651 %
Current price: 25.40
Support S1 25.27 -0.507 %
S2 25.18 -0.86 %
S3 25.03 -1.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.42 4.02 %
R2 26.03 2.48 %
R1 25.44 0.157 %
Current price 25.40
Support S1 25.26 -0.551%
S2 24.83 -2.24%
S3 24.54 -3.39%

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 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 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 2024-03-28, the price of an Anika Therapeutics Inc. (ANIK) share was $25.40.

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 2024-03-28, 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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