AKAMAI TECHNOLOGIES INC (AKAM) Stock Technical Analysis
NASDAQ:AKAM - Nasdaq - US00971T1016 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to AKAM. AKAM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
84% of all other stocks performed better in the past year than AKAM.
AKAM is part of the IT Services industry. There are 82 other stocks in this industry, of which 67% are performing better than AKAM.
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.
AKAM has an average volume of 2572060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AKAM has a been trading in a tight range between 76.86 and 81.45.
Considerably lower volume is observed in the last couple of days.
The technical rating of AKAM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
76.61
96.81
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 78.74 to 80.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 87.52 to 88.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @91.78 from a trend line in the weekly time frame.
- Resistance @95.85 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for AKAM is neutral. |
| ChartMill Relative Strength | 16.28 | NEGATIVE | AKAM has a low relative strength, it was outperformed by 83.72% 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) | 42.2 | NEUTRAL | The RSI value for AKAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests AKAM has a negative trend. |
| Stochastics (14,3) | 45.88 | NEUTRAL | The Stochastics value for AKAM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for AKAM suggests some volalility. |
| Average Directional Index/ADX (14) | 12.93 | 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)
77.38
-2.06 (-2.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-2.59%
1 Week-2.64%
2 Weeks-2.79%
1 Month-1.04%
3 Month4.5%
6 Month-12.99%
12 Month-18.67%
2 Year-18.12%
3 Year-19.58%
5 Year-31.18%
10 Year0.87%
15 Year101.72%
Volatility
ATR(14)1.52
ATR(20)%2.08%
ATR Inc16.89%
Range Today1.82
ADR(20)1.56
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.28
Mansfield-2.03
10 Day High81.45
10 Day Low77.36
20 Day High81.45
20 Day Low76.86
52 Week High106.8
52 Week Low67.51
CS1 EndN/A
CR1 Start78.74
Volume & EV
DER(3)-0.48%
DER(5)0.65%
Volume1.25M
Volume Incr-46.28%
Vol(5)1.32M
Vol(50)2.57M