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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 2024-02-09 View latest technical analysis

10 day averaged volume of Anik Industries is 31866

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	53.70	57.00	57.00	53.00	1.083 times
08 Thu Feb 2024	55.75	57.65	57.65	54.50	1.975 times
07 Wed Feb 2024	54.95	53.25	54.95	52.35	1.414 times
06 Tue Feb 2024	52.35	50.90	52.35	50.80	2.146 times
05 Mon Feb 2024	49.90	49.80	50.45	48.90	1.439 times
02 Fri Feb 2024	49.05	48.00	49.65	48.00	0.794 times
01 Thu Feb 2024	48.40	50.00	50.00	48.00	0.427 times
31 Wed Jan 2024	49.20	49.75	49.95	48.30	0.689 times
30 Tue Jan 2024	49.55	50.45	50.45	49.00	0.342 times
29 Mon Jan 2024	49.55	50.80	50.80	48.40	0.583 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 52.5, but if it comes below 52.5, then a intra day sell could be more profitable.
If you take a sell trade below 52.5, then use 52.5 as stoploss and 50.32 as target. However if you take a buy trade in stock , then use 52.5 as stoploss and 55.1 as target.

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	50.80
Downside Target	51.80
Downside Target	52.40
Downside 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	49.18
Downside Intraday Target	44.67
Upside Intraday Target	57.93
Upside Intraday Target	62.17
Downside Intraday Target	53.42

Weekly technical analysis of Anik Industries (ANIKINDS_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	53.70	49.80	57.65	48.90	2.843 times
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

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
09 Fri Feb 2024	53.70	50.00	57.65	48.00	0.831 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 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 to mid 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 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 BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Anik Industries in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Anik Industries in short term but SELL 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 52.28 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 positive

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