ANI Pharmaceuticals Forecast and Stock Analysis
Technical ANIP stock analysis for Friday June 14, 2019.
ANI Pharmaceuticals fell by -1.00% in the last day ( Friday, 14th Jun 2019 ) from $71.25 to $70.54 During day the stock fluctuated 2.46% from a day low at $69.91 to a day high of $71.63. The price has been going up and down for this period, and there has been a 1.26% gain for the last 2 weeks. Volume has increased in the last day by 25 492 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 116 469 shares bought and sold for approximately $8.22 million.
- 30 day high of the ANIP stock price was $72.43 and low was $66.66.
- 90 day high was $74.00 and low was $62.67.
- 52 week high for the ANI Pharmaceuticals - $74.00 and low - $36.92.
ANI Pharmaceuticals lies in the middle of a weak 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 5.81% during the next 3 months and, with 90% probability hold a price between $72.47 and $79.10 at the end of this period.
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 $70.51 and $70.31. A break down below any of these levels will issue sell signals. 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 Thursday June 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
ANI Pharmaceuticals finds support from accumulated volume at $70.53.
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 $1.72 (2.46%) between high and low. For the last week, the stock has had a daily average volatility of 2.50%.
Our recommended stoploss: $68.17 (-3.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
2.50 %Average volatility
Very Low Low Medium High Very High
ANI Pharmaceuticals 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 Strong Buy Candidate to a Hold/Accumulate.
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|ANIP $70.54 ($-0.71 -1.00%)|
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