AKAMAI TECHNOLOGIES INC (AKAM) Technical Analysis
NASDAQ:AKAM • US00971T1016
Current stock price
AKAM Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to AKAM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AKAM is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that AKAM is one of the better performing stocks in the market, outperforming 89% of all stocks.
- AKAM is part of the IT Services industry. There are 88 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.
- In the last month AKAM has a been trading in the 95.37 - 121.12 range, which is quite wide. It is currently trading near the high of this range.
- AKAM has an average volume of 4751150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AKAM Weekly and Daily overview Charts
AKAM Setup Rating and Analysis
AKAM has an excellent technical rating, but the quality of the setup is only medium 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
AKAM Support and Resistance Analysis
69.82
5 important support areas can be observed.
- A support zone ranging from 100.77 to 102.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @97.64 from a horizontal line in the daily time frame.
- Support @90.61 from a horizontal line in the daily time frame.
- Support @74.28 from a trend line in the daily time frame.
- Support @70.53 from a horizontal line in the daily time frame.
AKAM Technical Indicator Signal Analysis
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 | 89.53 | POSITIVE | AKAM has a high relative strength, it outperformed 89.53% 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) | 62.56 | NEUTRAL | The RSI value for AKAM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests AKAM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.61 | OVERBOUGHT | The high Stochastics value suggests AKAM may be overbought. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for AKAM suggests some volalility. |
| Average Directional Index/ADX (14) | 31.42 | POSITIVE | The high ADX value value for AKAM suggests a strong trend. |
AKAM Chart- and CandleStick Pattern Analysis
AKAM Example Setup
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 |
|---|---|---|---|
| 121.13 | 103.59 | 17.54 (14.48%) | 6.91% |
| An entry @121.13. This is a Buy Stop order right above the 10 day high. | An exit @103.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 17.54 points, which is 14.48%. | When investing 6.91% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
114.5
-2.75 (-2.35%)
AKAMAI TECHNOLOGIES INC / AKAM TA FAQ
What is the technical rating for AKAM stock?
ChartMill assigns a technical rating of 10 / 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 62.563. 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 0.830815, indicating a bearish trend.
What is the support and resistance level for AKAM stock?
AKAMAI TECHNOLOGIES INC (AKAM) has a support level at 102.33. Check the full technical report for our detailed analysis of AKAM support and resistance levels.