ANI Pharmaceuticals Forecast and Stock Analysis
Technical ANIP stock analysis for April 24, 2019.
ANI Pharmaceuticals gained 0.52% in the last trading day, rising from $69.64 to $70.00 , and has now gained 3 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. The price has risen in 6 of the last 10 days and is up by 1.32% 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, 1 672 more shares were traded than the day before. In total, 88 338 shares bought and sold for approximately $6.18 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the ANIP stock was $70.00. This is 0.52% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 2.29% from a day low at $69.01 to a day high of $70.59.
30 day high of the ANIP stock price was $71.39 and low was $64.79.
90 day high was $71.39 and low was $52.10.
52 week high for the ANI Pharmaceuticals - $72.81 and low - $36.92.
ANI Pharmaceuticals lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $69.27 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.89% during the next 3 months and, with 90% probability hold a price between $89.28 and $98.56 at the end of this period.
Only positive signals in the chart today. ANI Pharmaceuticals 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 $69.05 and $67.22. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday April 11, 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)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
ANI Pharmaceuticals finds support from accumulated volume at $69.00.
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 $1.58 (2.29%) between high and low. For the last week, the stock has had a daily average volatility of 3.81%.
Our recommended stoploss: $66.11 (-5.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)
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Evaluation: Strong Buy Candidate
ANI Pharmaceuticals holds several positive signals and is within a strong 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 recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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|ANIP $70.00 ($0.36 0.52%)|
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