Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-01 View latest technical analysis

10 day averaged volume of Anik Industries is 8705

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	48.00	47.55	48.00	47.50	0.736 times
29 Thu Feb 2024	47.55	48.50	48.50	47.55	3.644 times
28 Wed Feb 2024	48.50	48.00	48.50	47.55	1.188 times
27 Tue Feb 2024	48.50	49.15	49.15	48.25	0.76 times
26 Mon Feb 2024	49.15	50.10	50.10	49.15	0.121 times
23 Fri Feb 2024	50.15	49.40	50.15	49.40	0.719 times
22 Thu Feb 2024	50.20	50.50	50.50	49.50	0.392 times
21 Wed Feb 2024	50.50	49.65	50.50	49.10	0.752 times
20 Tue Feb 2024	49.65	49.00	49.65	49.00	0.691 times
19 Mon Feb 2024	49.05	50.45	50.45	49.05	1.017 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.4, but if it comes above 48.4, then a intra day buy could be more profitable.
If you take a sell trade below 48.4, then use 48.4 as stoploss and 45.8 as target. However if you take a buy trade in stock , then use 48.4 as stoploss and 50.59 as target.

Share price targets for Anik Industries (ANIKINDS_BE)

Target Type	Value
Downside Target	37.45
Downside Target	46.50
Downside Target	47.50
Upside Target	50.50
Upside Target	50.80
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	46.97
Downside Intraday Target	45.93
Upside Intraday Target	49.57
Upside Intraday Target	51.13
Upside Intraday Target	48.53

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	48.00	50.10	50.10	47.50	1.805 times
23 Fri Feb 2024	50.15	50.45	50.50	49.00	1.276 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	48.00	47.55	48.00	47.50	0.016 times
29 Thu Feb 2024	47.55	50.00	57.65	47.55	1.126 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

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Anik Industries ( (ANIKINDS_BE) ) based on a short to mid 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.

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 SELL. Signal strength is Weak and stock is gaining momentum.

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

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 moving up

CCI has generated a SELL signal for Anik Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 48.6 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.