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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 2024-01-02 View latest technical analysis

10 day averaged volume of Anik Industries is 28473

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	50.90	53.25	53.25	50.70	0.85 times
01 Mon Jan 2024	50.90	49.95	51.30	49.35	0.654 times
29 Fri Dec 2023	49.30	48.15	49.60	48.00	0.578 times
28 Thu Dec 2023	48.25	48.60	48.60	47.65	0.935 times
27 Wed Dec 2023	47.55	48.50	48.50	46.50	0.994 times
26 Tue Dec 2023	47.25	47.40	48.80	47.05	0.934 times
22 Fri Dec 2023	47.50	49.00	49.00	47.20	1.081 times
21 Thu Dec 2023	49.20	48.15	50.85	48.00	2.714 times
20 Wed Dec 2023	50.50	52.95	53.90	50.50	0.977 times
19 Tue Dec 2023	53.15	53.40	54.80	53.00	0.561 times

My analysis of stock is bearish for shortterm, and stock might move down till 49.1 or till 45.4. Use a stoploss of 52.09 and if the stock hits stoploss, then it can shoot up till 55.12

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	44.40
Downside Target	46.50
Downside Target	49.35
Upside Target	53.00
Upside Target	53.60
Upside Target	55.35
Upside Target	57.40
Upside Target	58.50
Upside Target	62.00

Intraday share price targets for Anik Industries (ANIKINDS_BE)

Target Type	Value
Downside Intraday Target	49.08
Downside Intraday Target	47.27
Upside Intraday Target	52.98
Upside Intraday Target	55.07
Upside Intraday Target	51.17

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Jan 2024	50.90	49.95	53.25	49.35	0.437 times
29 Fri Dec 2023	49.30	47.40	49.60	46.50	0.582 times
22 Fri Dec 2023	47.50	53.80	55.35	47.20	2.153 times
15 Fri Dec 2023	53.80	55.00	57.40	53.00	0.443 times
08 Fri Dec 2023	54.70	57.55	62.00	53.60	0.645 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
02 Tue Jan 2024	50.90	49.95	53.25	49.35	0.063 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
31 Tue Oct 2023	38.25	39.00	41.50	34.10	0.512 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 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 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 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 neutral. A longer time frame might give a better analysis.

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

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

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

Anik Industries Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Anik Industries in short term and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 49.19 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 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 positive

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