AKAMAI TECHNOLOGIES INC (AKAM) Technical Analysis
NASDAQ:AKAM • US00971T1016
Taking everything into account, AKAM scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, AKAM has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, AKAM did better than 83% of all other stocks.
- AKAM is part of the IT Services industry. There are 87 other stocks in this industry. AKAM outperforms 90% of them.
- AKAM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AKAM is performing more or less in line with the market.
- AKAM has an average volume of 3920520 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 the 92.31 - 113.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AKAM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 98.00, a Stop Loss order could be placed below this zone.
More info and screens
69.82
4 important support areas can be observed.
- Support @98.00 from a trend line in the daily time frame.
- Support @94.17 from a horizontal line in the weekly time frame.
- A support zone ranging from 90.61 to 91.49. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @70.53 from a horizontal 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 | UP | POSITIVE | The long term trend for AKAM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AKAM is neutral. |
| ChartMill Relative Strength | 83.26 | POSITIVE | AKAM has a high relative strength, it outperformed 83.26% 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) | 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) | 54.38 | NEUTRAL | The RSI value for AKAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests AKAM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.82 | NEUTRAL | The Stochastics value for AKAM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for AKAM suggests high volalility. |
| Average Directional Index/ADX (14) | 17.02 | NEGATIVE | The low ADX value for AKAM suggests a weak or negative 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 |
|---|---|---|---|
| 104.54 | 97.99 | 6.55 (6.27%) | 15.96% |
| An entry @104.54. This is a Buy Stop order right above the 10 day high. | An exit @97.99. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.55 points, which is 6.27%. | For a 1.00% total portfolio risk, you can invest 15.96% of your capital in this trade. |
- 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.
AKAM Technicals: Chart, Performance Metrics, Trend & Indicators
102.11
+2.22 (+2.22%)
AKAMAI TECHNOLOGIES INC / AKAM FAQ
What is the technical rating for AKAM stock?
ChartMill assigns a technical rating of 9 / 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 54.3811. 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 -0.352331, indicating a bearish trend.
What is the support and resistance level for AKAM stock?
AKAMAI TECHNOLOGIES INC (AKAM) has a support level at 98. Check the full technical report for our detailed analysis of AKAM support and resistance levels.