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Stock analysis Anik Industries Limited ANIKINDS

More indepth analysis on MunafaSutra.com

Moving Averages for Anik Industries Limited

  • 5Day Average: 56.06
  • 12Day Average: 53.23
  • 20Day Average: 54.14
  • 50Day Average: 44.49
  • 100Day Average: 38.23
  • 150Day Average: 36.2
  • 200Day Average: 36.85

ANIKINDS Indicators & signals

Indicator MACD (12,26,9)

54.44, 51.46, 3.21
Indicator MACD is in positive zone

Indicator ADX (14)

33.02, 32.72, 16.48
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ANIKINDS Anik Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 55.00 54.15 to 56.20 -2.48% 0.24 times
18 Thu Apr 2024 56.40 55.00 to 60.90 -3.75% 0.9 times
16 Tue Apr 2024 58.60 53.45 to 60.65 6.26% 2.38 times
15 Mon Apr 2024 55.15 52.55 to 59.60 0% 0.62 times
12 Fri Apr 2024 55.15 54.70 to 56.40 1.94% 0.32 times
10 Wed Apr 2024 54.10 53.50 to 57.85 -4.75% 1.07 times
09 Tue Apr 2024 56.80 50.60 to 57.00 9.55% 3.09 times
08 Mon Apr 2024 51.85 51.70 to 54.85 -0.29% 0.4 times
05 Fri Apr 2024 52.00 49.25 to 54.15 5.58% 0.94 times
04 Thu Apr 2024 49.25 48.20 to 50.00 2.39% 0.14 times
03 Wed Apr 2024 48.10 46.45 to 48.45 3.89% 0.14 times
02 Tue Apr 2024 46.30 43.50 to 46.65 3.93% 0.19 times

Technical analysis forecast of Anik Industries Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Anik Industries Limited ANIKINDS at this time. Stock is rising and might rise more.

It appears as if Anik Industries Limited ANIKINDS gave a large move recently.

Stock of Anik Industries Limited (ANIKINDS) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Anik Industries Limited is bullish for shortterm, and stock might move up till 57.3 or till 62.8. Use a stoploss of 52.8 and if this stock hits its stoploss, then it can fall down till 48.27

More indepth analysis on MunafaSutra.com