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Stock analysis Anik Industries Limited ANIKINDS

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Moving Averages for Anik Industries Limited

  • 5Day Average: 67.85
  • 12Day Average: 65.14
  • 20Day Average: 59.85
  • 50Day Average: 54.08
  • 100Day Average: 52.57
  • 150Day Average: 45.83
  • 200Day Average: 42.21

ANIKINDS Indicators & signals

Indicator MACD (12,26,9)

64.78, 60.24, 3.9
Indicator MACD is in positive zone

Indicator ADX (14)

41.89, 23.86, 9.77
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
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
24 Wed Jul 2024 68.00 66.35 to 68.47 2.49% 0.13 times
23 Tue Jul 2024 66.35 65.04 to 69.96 0% 0.2 times
23 Tue Jul 2024 66.35 65.04 to 69.96 -3.1% 0.2 times
22 Mon Jul 2024 68.47 67.53 to 71.98 -2.33% 0.25 times
19 Fri Jul 2024 70.10 68.94 to 74.16 -3.39% 0.53 times
18 Thu Jul 2024 72.56 64.92 to 74.45 6.74% 1.08 times
16 Tue Jul 2024 67.98 66.50 to 72.18 3.6% 1.43 times
15 Mon Jul 2024 65.62 63.50 to 69.91 3.24% 2.3 times
12 Fri Jul 2024 63.56 62.20 to 67.76 3.18% 1.61 times
11 Thu Jul 2024 61.60 56.16 to 61.60 10% 1.69 times
10 Wed Jul 2024 56.00 55.07 to 60.00 1.69% 0.71 times
09 Tue Jul 2024 55.07 54.56 to 58.50 -0.4% 0.61 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, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 69.5 as stoploss in an intra day sell trade for a target of 61.85. However, stock will show a bullish move above 69.5.

More indepth analysis on MunafaSutra.com