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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 2024-03-07 View latest technical analysis

10 day averaged volume of Anik Industries is 7344

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	46.60	46.10	47.30	46.10	0.287 times
06 Wed Mar 2024	47.05	48.00	48.00	47.05	0.677 times
05 Tue Mar 2024	48.00	49.85	49.85	48.00	0.045 times
04 Mon Mar 2024	48.95	48.45	48.95	48.45	0.775 times
02 Sat Mar 2024	48.00	48.00	48.00	48.00	0.007 times
01 Fri Mar 2024	48.00	47.55	48.00	47.50	0.872 times
29 Thu Feb 2024	47.55	48.50	48.50	47.55	4.319 times
28 Wed Feb 2024	48.50	48.00	48.50	47.55	1.408 times
27 Tue Feb 2024	48.50	49.15	49.15	48.25	0.901 times
26 Mon Feb 2024	49.15	50.10	50.10	49.15	0.143 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 46, for a target of 47.7 or 49.19

Share price targets for Anik Industries (ANIKINDS_BE)

Target Type	Value
Downside Target	37.45
Downside Target	46.10
Upside Target	47.50
Upside Target	48.90
Upside Target	50.10
Upside Target	50.50
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	45.18
Downside Intraday Target	43.77
Upside Intraday Target	48.93
Upside Intraday Target	51.27
Upside Intraday Target	47.52

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	46.60	48.45	49.85	46.10	0.233 times
02 Sat Mar 2024	48.00	50.10	50.10	47.50	1.807 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

Price has moved down 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
07 Thu Mar 2024	46.60	47.55	49.85	46.10	0.049 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 down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 getting stronger in this stock.

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

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 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 47.9 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.