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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 2024-02-02 View latest technical analysis

10 day averaged volume of Anik Industries is 12757

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	49.05	48.00	49.65	48.00	1.983 times
01 Thu Feb 2024	48.40	50.00	50.00	48.00	1.066 times
31 Wed Jan 2024	49.20	49.75	49.95	48.30	1.721 times
30 Tue Jan 2024	49.55	50.45	50.45	49.00	0.855 times
29 Mon Jan 2024	49.55	50.80	50.80	48.40	1.456 times
25 Thu Jan 2024	49.55	48.70	49.95	48.30	0.477 times
24 Wed Jan 2024	48.70	48.90	49.00	47.50	0.25 times
23 Tue Jan 2024	47.85	48.05	50.50	47.50	1.142 times
22 Mon Jan 2024	49.10	50.95	50.95	48.70	1.173 times
19 Fri Jan 2024	48.75	48.45	49.95	48.00	0.49 times

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 48.7 as stoploss in an intra day buy trade for a target of 49.58. However, stock will show a bearish move below 48.7.

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	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	47.77
Downside Intraday Target	46.48
Upside Intraday Target	50.57
Upside Intraday Target	52.08
Upside Intraday Target	49.28

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	49.05	50.80	50.80	48.00	2.327 times
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

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
02 Fri Feb 2024	49.05	50.00	50.00	48.00	0.109 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
30 Thu Nov 2023	57.05	39.00	58.50	37.45	1.736 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Anik Industries ( (ANIKINDS_BE) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 but the sell signal is initial and weak.

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 getting stronger in this stock.

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

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 48.99 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 is giving positive 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.