We assign a technical rating of 8 out of 10 to AKAM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AKAM is only an average performer.
AKAM has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 84.42, a Stop Loss order could be placed below this zone.
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71.20
We found 4 important support areas.
- A support zone ranging from 83.49 to 84.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.42 from a trend line in the weekly time frame.
- Support @73.29 from a trend line in the daily time frame.
- Support @71.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 87.32 to 90.71. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for AKAM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKAM is up. |
| ChartMill Relative Strength | 55.97 | NEUTRAL | AKAM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AKAM is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKAM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AKAM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.29 | NEUTRAL | The RSI value for AKAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests AKAM has a negative trend. |
| Stochastics (14,3) | 50.03 | NEUTRAL | The Stochastics value for AKAM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for AKAM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.85 | POSITIVE | The high ADX value value for AKAM suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 88.54 | 87.10 | 1.45 (1.63%) | 25.00% |
| An entry @88.54. This is a Buy Stop order right above the 10 day moving average. | An exit @87.09. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.45 points, which is 1.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.41%. |
- The distance between exit and entry is rather small compared to the average daily movement of AKAM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
87.25
-0.72 (-0.82%)
AKAMAI TECHNOLOGIES INC / AKAM FAQ
What is the technical rating for AKAM stock?
ChartMill assigns a technical rating of 8 / 10 to AKAM.
Can you provide the trend direction for AKAMAI TECHNOLOGIES INC?
The current trend direction for AKAMAI TECHNOLOGIES INC (AKAM) is Bullish.
What is the RSI signal for AKAM stock?
AKAMAI TECHNOLOGIES INC (AKAM) has an RSI value of 51.287. This indicates that the stock is currently neutral.
What is the MACD signal for AKAMAI TECHNOLOGIES INC (AKAM) stock?
The MACD indicator for AKAMAI TECHNOLOGIES INC (AKAM) has a value of -0.263279, indicating a bearish trend.
What is the support and resistance level for AKAM stock?
AKAMAI TECHNOLOGIES INC (AKAM) has a support level at 84.42 and a resistance level at 87.32. Check the full technical report for our detailed analysis of AKAM support and resistance levels.