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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 2024-03-20 View latest technical analysis

10 day averaged volume of Anik Industries is 9274

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	44.60	43.00	45.65	43.00	4.897 times
19 Tue Mar 2024	43.65	42.05	45.90	42.05	4.223 times
18 Mon Mar 2024	44.00	45.90	45.90	43.00	1.95 times
15 Fri Mar 2024	43.85	42.20	43.90	42.20	0.788 times
14 Thu Mar 2024	43.05	43.25	43.25	43.05	0.285 times
13 Wed Mar 2024	43.90	44.80	44.80	43.90	0.055 times
12 Tue Mar 2024	44.80	45.20	45.20	44.80	0.488 times
11 Mon Mar 2024	45.70	46.60	46.60	45.70	1.411 times
07 Thu Mar 2024	46.60	46.10	47.30	46.10	0.228 times
06 Wed Mar 2024	47.05	48.00	48.00	47.05	0.536 times

Stock of Anik Industries (ANIKINDS_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 44.4 as stoploss in an intra day buy trade for a target of 46.71. However, stock will show a bearish move below 44.4.

Share price targets for Anik Industries (ANIKINDS_BE)

Target Type	Value
Downside Target	37.45
Downside Target	42.05
Upside Target	45.90
Upside Target	49.00
Upside Target	49.85
Upside Target	50.10
Upside Target	50.50
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	42.47
Downside Intraday Target	40.33
Upside Intraday Target	46.32
Upside Intraday Target	48.03
Downside Intraday Target	44.18

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	44.60	45.90	45.90	42.05	3.658 times
15 Fri Mar 2024	43.85	46.60	46.60	42.20	2.141 times
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

Price has moved up 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
20 Wed Mar 2024	44.60	47.55	49.85	42.05	0.375 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 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 short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 buy signal for Anik Industries in short term but BUY signal is weak.

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 44.41 and Anik Industries (ANIKINDS_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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.