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(ANIKINDS_BE) Anik Industries complete technical analysis [charts+indicators] | Buy/Sell Anik Industries | (ANIKINDS_BE) share price targets

Complete technical analysis of Anik Industries (ANIKINDS_BE) by charts plus indicators, forecast predictions and share price targets for Anik Industries (ANIKINDS_BE)

Showing technical analysis as on 2024-02-22 View latest technical analysis

10 day averaged volume of Anik Industries is 14325

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	50.20	50.50	50.50	49.50	0.238 times
21 Wed Feb 2024	50.50	49.65	50.50	49.10	0.457 times
20 Tue Feb 2024	49.65	49.00	49.65	49.00	0.42 times
19 Mon Feb 2024	49.05	50.45	50.45	49.05	0.618 times
16 Fri Feb 2024	49.50	49.60	49.80	49.50	0.434 times
15 Thu Feb 2024	49.60	49.60	49.60	49.60	0.329 times
14 Wed Feb 2024	50.60	50.60	50.60	50.60	0.287 times
13 Tue Feb 2024	51.60	51.60	51.60	51.60	0.05 times
12 Mon Feb 2024	52.65	52.65	52.65	52.65	0.6 times
09 Fri Feb 2024	53.70	57.00	57.00	53.00	2.41 times

My analysis of stock is bearish for shortterm, and stock might move down till 48.8 or till 46.3. Use a stoploss of 50.77 and if the stock hits stoploss, then it can shoot up till 52.79

Share price targets for Anik Industries (ANIKINDS_BE)

Target Type	Value
Downside Target	34.10
Downside Target	37.45
Downside Target	41.50
Downside Target	46.50
Downside Target	47.50
Upside Target	50.50
Upside Target	50.95
Upside Target	52.65
Upside Target	53.25
Upside Target	57.65
Upside Target	58.50
Upside Target	62.00

Intraday share price targets for Anik Industries (ANIKINDS_BE)

Target Type	Value
Downside Intraday Target	49.3
Downside Intraday Target	48.4
Upside Intraday Target	50.8
Upside Intraday Target	51.4
Downside Intraday Target	49.9

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	50.20	50.45	50.50	49.00	1.019 times
16 Fri Feb 2024	49.50	52.65	52.65	49.50	0.095 times
09 Fri Feb 2024	53.70	49.80	57.65	48.90	2.843 times
02 Fri Feb 2024	49.05	50.80	50.80	48.00	2.327 times
25 Thu Jan 2024	49.55	50.95	50.95	47.50	0.608 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	50.20	50.00	57.65	48.00	0.969 times
31 Wed Jan 2024	49.20	49.95	53.25	47.50	0.523 times
29 Fri Dec 2023	49.30	54.20	62.00	46.50	1.298 times
30 Thu Nov 2023	57.05	39.00	58.50	37.45	1.736 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Anik Industries (ANIKINDS_BE)

Price action analysis of Anik Industries ( (ANIKINDS_BE) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Anik Industries ( (ANIKINDS_BE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Anik Industries ( (ANIKINDS_BE) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Anik Industries stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Anik Industries in short term but the sell signal is initial and weak.

Anik Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Anik Industries in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Anik Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.7 and Anik Industries (ANIKINDS_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Anik Industries (ANIKINDS_BE) stock. Volume based technical analysis of Anik Industries (ANIKINDS_BE) stock is negative.

Anik Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.