AKAMAI TECHNOLOGIES INC (AKAM) Stock Technical Analysis
NASDAQ:AKAM • US00971T1016
Overall AKAM gets a technical rating of 9 out of 10. 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.
- In the last month AKAM has a been trading in the 90.88 - 113.50 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that AKAM is one of the better performing stocks in the market, outperforming 75% of all stocks. On top of that, AKAM also shows a nice and consistent pattern of rising prices.
- AKAM is one of the better performing stocks in the IT Services industry, it outperforms 93% of 87 stocks in the same industry.
- AKAM has an average volume of 3673950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- AKAM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AKAM is lagging the market.
- Volume is considerably higher in the last couple of days.
Although AKAM has an excellent technical rating, the quality of the presented setup is not ideal 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.
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69.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 93.17 to 94.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @90.61 from a horizontal line in the daily time frame.
- Support @85.09 from a horizontal line 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 | 75.5 | POSITIVE | AKAM has a high relative strength, it outperformed 75.5% off all stocks 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) | 50.9 | NEUTRAL | The RSI value for AKAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests AKAM has a negative trend. |
| Stochastics (14,3) | 44.02 | NEUTRAL | The Stochastics value for AKAM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for AKAM suggests high volalility. |
| Average Directional Index/ADX (14) | 24.24 | NEUTRAL | The ADX value for AKAM suggests a possible start of a new trend. |
98.755
+4.58 (+4.87%)
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 50.9033. 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 -0.133555, indicating a bearish trend.
What is the support and resistance level for AKAM stock?
AKAMAI TECHNOLOGIES INC (AKAM) has a support level at 94.9. Check the full technical report for our detailed analysis of AKAM support and resistance levels.