Anika Therapeutics Inc. (NASDAQ:ANIK) Spiked Up 1.4% – Here’s Why

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In its most recent trading session, Anika Therapeutics Inc. (NASDAQ:ANIK) spiked up by 1.4% – here is what that looked like (as of 2019-12-26):

What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 33.497, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of -0.011, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.303, an Accumulation/Distribution Index (ADI) of 1.303, an On-Balance Volume (OBV) of 697.775, and a Chaiikin Money Flow (CMF) of -52.29. 2.125

Now let’s take all these indicators into account. Consulting Trading View, we can conclude the following:

So there you have it – our analysis of Anika Therapeutics Inc. (NASDAQ:ANIK). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.