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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 2024-01-25 View latest technical analysis

10 day averaged volume of Anik Industries is 14346

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	49.55	48.70	49.95	48.30	0.424 times
24 Wed Jan 2024	48.70	48.90	49.00	47.50	0.222 times
23 Tue Jan 2024	47.85	48.05	50.50	47.50	1.016 times
22 Mon Jan 2024	49.10	50.95	50.95	48.70	1.043 times
19 Fri Jan 2024	48.75	48.45	49.95	48.00	0.435 times
18 Thu Jan 2024	48.45	49.45	49.85	48.25	1.219 times
17 Wed Jan 2024	49.45	50.00	50.50	49.20	1.028 times
16 Tue Jan 2024	50.45	51.50	51.80	50.40	0.891 times
15 Mon Jan 2024	51.00	50.50	51.50	50.40	0.876 times
12 Fri Jan 2024	50.70	50.95	51.30	50.05	1.478 times

My analysis of stock is bearish for shortterm, and stock might move down till 49 or till 47.7. Use a stoploss of 50 and if the stock hits stoploss, then it can shoot up till 51.05

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	47.50
Downside Target	49.00
Upside Target	50.95
Upside Target	51.80
Upside Target	52.40
Upside Target	53.25
Upside Target	58.50
Upside Target	62.00

Intraday share price targets for Anik Industries (ANIKINDS_BE)

Target Type	Value
Downside Intraday Target	47.72
Downside Intraday Target	45.88
Upside Intraday Target	51.17
Upside Intraday Target	52.78
Downside Intraday Target	49.33

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	49.55	50.95	50.95	47.50	0.608 times
19 Fri Jan 2024	48.75	50.50	51.80	48.00	0.787 times
12 Fri Jan 2024	50.70	51.40	52.40	49.30	0.671 times
05 Fri Jan 2024	50.65	49.95	53.25	49.00	1.233 times
29 Fri Dec 2023	49.30	47.40	49.60	46.50	0.582 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
25 Thu Jan 2024	49.55	49.95	53.25	47.50	0.448 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 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 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 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.

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 green color and prices are in or below the green 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

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 49.5 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 negative.

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