ANIK Stock Anika Therapeutics (ANIK, $26.68) Moving Average Convergence Divergence (MACD) Histogram turned positive on June 3, 2024
at Tickeron.com
Momentum Indicator for ANIK turns negative, indicating new downward trend
ANIK saw its Momentum Indicator move below the 0 level on December 12, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 109 similar instances where the indicator turned negative. In of the 109 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ANIK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ANIK's RSI Indicator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for ANIK just turned positive on November 19, 2024. Looking at past instances where ANIK's MACD turned positive, the stock continued to rise in of 56 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ANIK advanced for three days, in of 278 cases, the price rose further within the following month. The odds of a continued upward trend are .
ANIK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 197 cases where ANIK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
