AKAMAI TECHNOLOGIES INC (AKAM) Stock Technical Analysis
NASDAQ:AKAM - Nasdaq - US00971T1016 - Common Stock - Currency: USD
Overall AKAM gets a technical rating of 0 out of 10. AKAM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, AKAM is a bad performer in the overall market: 72% of all stocks are doing better.
AKAM is part of the IT Services industry. There are 82 other stocks in this industry, of which 64% are performing better than AKAM.
AKAM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AKAM is lagging the market.
In the last month AKAM has a been trading in the 74.85 - 86.15 range, which is quite wide. It is currently trading near the lows of this range.
AKAM has an average volume of 2435590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AKAM has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 77.45. Right above this resistance zone may be a good entry point.
More info and screens
75.08
101.02
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 77.45 to 80.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 82.44 to 82.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @85.44 from a horizontal line in the daily time frame.
- Resistance @87.52 from a horizontal line in the daily time frame.
- Resistance @92.53 from a trend line in the weekly time frame.
- A resistance zone ranging from 97.77 to 100.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AKAM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AKAM is down. |
| ChartMill Relative Strength | 28.81 | NEGATIVE | AKAM has a low relative strength, it was outperformed by 71.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AKAM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AKAM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AKAM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.02 | NEUTRAL | The RSI value for AKAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests AKAM has a negative trend. |
| Stochastics (14,3) | 14.13 | OVERSOLD | The low Stochastics value suggests AKAM may be oversold. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for AKAM suggests some volalility. |
| Average Directional Index/ADX (14) | 18.12 | NEGATIVE | The low ADX value for AKAM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
75.84
-1.24 (-1.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-1.61%
1 Week-2.81%
2 Weeks-0.54%
1 Month-4.95%
3 Month-1.16%
6 Month-18.36%
12 Month-19.44%
2 Year-17.67%
3 Year-24.94%
5 Year-28.32%
10 Year-0.56%
15 Year90.94%
Volatility
ATR(14)2.47
ATR(20)%3.03%
ATR Inc-37.92%
Range Today0.95
ADR(20)2.07
ADR(20)%2.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.81
Mansfield-1.86
10 Day High79.7
10 Day Low74.85
20 Day High86.15
20 Day Low74.85
52 Week High106.8
52 Week Low67.51
CS1 EndN/A
CR1 Start77.45
Volume & EV
DER(3)-1.25%
DER(5)-0.36%
Volume1.95M
Volume Incr-15.63%
Vol(5)2.45M
Vol(50)2.44M