AKAMAI TECHNOLOGIES INC (AKAM) Stock Technical Analysis
NASDAQ:AKAM - US00971T1016 - Common Stock
78.39 USD
+0.12 (+0.15%)
77.86 USD
-0.53 (-0.68%)
We assign a technical rating of 3 out of 10 to AKAM. In the past year, AKAM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, AKAM is a bad performer in the overall market: 84% of all stocks are doing better.
AKAM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AKAM has a been trading in the 69.78 - 78.71 range, which is quite wide. It is currently trading near the high of this range.
AKAM has an average volume of 1977180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AKAM is part of the IT Services industry. There are 83 other stocks in this industry, AKAM did better than 42% of them.
AKAM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
75.86
89.93
We found 1 important support area.
- A support zone ranging from 76.63 to 77.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- Resistance @78.63 from a trend line in the daily time frame.
- A resistance zone ranging from 80.06 to 81.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @85.05 from a trend line in the weekly time frame.
- Resistance @87.52 from a horizontal line in the daily time frame.
- Resistance @89.04 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for AKAM is up. |
| ChartMill Relative Strength | 16.24 | NEGATIVE | AKAM has a low relative strength, it was outperformed by 83.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKAM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AKAM is above 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) | 57.64 | NEUTRAL | The RSI value for AKAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests AKAM has a positive trend. |
| Stochastics (14,3) | 91.6 | OVERBOUGHT | The high Stochastics value suggests AKAM may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for AKAM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.49 | 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)
78.39
+0.12 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.15%
1 Week2.71%
2 Weeks5.55%
1 Month2.73%
3 Month3.24%
6 Month-2.84%
12 Month-23.03%
2 Year-25.41%
3 Year-13.17%
5 Year-32.67%
10 Year9.93%
15 Year70.15%
Volatility
ATR(14)1.67
ATR(20)%2.6%
ATR Inc-44.27%
Range Today1
ADR(20)1.97
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.24
Mansfield-1.82
10 Day High78.71
10 Day Low73.99
20 Day High78.71
20 Day Low69.78
52 Week High106.8
52 Week Low67.51
CS1 End77.5
CR1 Start78.63
Volume & EV
DER(3)-0.87%
DER(5)-0.21%
Volume1.29M
Volume Incr-27.45%
Vol(5)1.69M
Vol(50)1.98M