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(ANIKINDS) Anik Industries complete technical analysis [charts+indicators] | Buy/Sell Anik Industries | (ANIKINDS) share price targets

Complete technical analysis of Anik Industries (ANIKINDS) by charts plus indicators, forecast predictions and share price targets for Anik Industries (ANIKINDS)

10 day averaged volume of Anik Industries is 19845

Date Daily Closing Price Open High Low Volume
14 Fri Jun 2024 52.88 50.40 52.88 48.12 3.713 times
13 Thu Jun 2024 48.08 47.60 49.46 47.41 0.345 times
12 Wed Jun 2024 47.74 48.83 49.80 47.60 1.211 times
11 Tue Jun 2024 48.84 49.22 49.80 48.00 0.422 times
10 Mon Jun 2024 48.83 50.00 50.00 48.20 0.425 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 53.3, for a target of 51 or 49.1

Share price targets for Anik Industries (ANIKINDS)

Target Type Value
Downside Target 30.25
Downside Target 41.05
Downside Target 44.80
Downside Target 46.00
Downside Target 47.41
Downside Target 48.95
Downside Target 52.88
Upside Target 53.00
Upside Target 54.35
Upside Target 54.95
Upside Target 56.80
Upside Target 60.90
Upside Target 65.30

Intraday share price targets for Anik Industries (ANIKINDS)

Target Type Value
Downside Intraday Target 49.23
Downside Intraday Target 45.59
Upside Intraday Target 54.7
Upside Intraday Target 56.53
Downside Intraday Target 51.06

Weekly technical analysis of Anik Industries (ANIKINDS)

Date Weekly Closing Price Open High Low Volume
14 Fri Jun 2024 52.88 50.00 52.88 47.41 1.574 times
07 Fri Jun 2024 49.10 48.10 49.80 41.60 1.379 times
31 Fri May 2024 47.50 49.00 53.00 46.00 1.16 times
24 Fri May 2024 49.70 51.10 54.35 48.95 1.082 times
17 Fri May 2024 52.10 54.80 54.95 49.90 0.467 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)

Date Monthly Closing Price Open High Low Volume
14 Fri Jun 2024 52.88 48.10 52.88 41.60 0.71 times
31 Fri May 2024 47.50 54.40 56.80 46.00 0.241 times
30 Tue Apr 2024 55.10 44.00 60.90 42.10 0.606 times
29 Wed Nov 2023 60.05 48.15 65.30 41.05 0.486 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 20, 18, 6 Buy
MACD -1, -1Buy
Stochastics 79Buy
CCI 158Buy
RSI 55Buy
OBV 34796Sell
VWAP 49Buy
ADL 0Sell
ROC 11Buy
Force Index 0Sell

Price action analysis of Anik Industries ( (ANIKINDS) ) 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) ) 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) ) 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) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Anik Industries in short term but the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 and the buying is gaining 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 49.31 and Anik Industries (ANIKINDS) 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) stock. Volume based technical analysis of Anik Industries (ANIKINDS) 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.

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