ANIK Forecast and Technical Stock Analysis
Buy candidate since 2019-08-15 Gain 4.21%
Anika Therapeutics Inc. gained 2.24% in the last trading day ( Monday, 19th Aug 2019 ), rising from $56.21 to $57.47 , and 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 day the stock fluctuated 4.69% from a day low at $56.09 to a day high of $58.72. The price has risen in 7 of the last 10 days and is up by 5.53% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 70 736 more shares were traded than the day before. In total, 200 604 shares bought and sold for approximately $11.53 million.
- 30 day high of the ANIK stock price was $58.72 and low was $39.70.
- 90 day high was $58.72 and low was $36.32.
- 52 week high for Anika Therapeutics Inc. - $58.72 and low - $29.01.
Anika Therapeutics Inc. lies in the middle of a 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 50.27% during the next 3 months and, with 90% probability hold a price between $75.77 and $91.72 at the end of this period.
Only positive signals in the chart today. Anika Therapeutics Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $56.11 and $48.21. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 29, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 70 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $53.52 and $53.36.
There is 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, Anika Therapeutics Inc. finds support just below today's level at $53.52. If this is broken, then the next support from accumulated volume will be at $53.36 and $52.60.
This stock may move much during a 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 $2.63 between high and low, or 4.69%. For the last week, the stock has had a daily average volatility of 2.85%.
Our recommended stop-loss: $54.02 (-6.01%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 15 days ago.)
2.85 %Average volatility
Very Low Low Medium High Very High
|ANIK $57.47 ($1.26 2.24%)|
ANIK is up $1.26 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!