AKAM Technical Analysis - AKAMAI TECHNOLOGIES INC

Technical Rating and Analysis

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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, AKAM is a bad performer in the overall market: 87% 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 72.39 - 79.00 range, which is quite wide. It is currently trading near the lows of this range.

AKAM has an average volume of 1911870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

AKAM is part of the IT Services industry. There are 86 other stocks in this industry, AKAM did better than 41% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AKAMAI TECHNOLOGIES INC / AKAM Weekly stock chart

AKAMAI TECHNOLOGIES INC / AKAM Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, AKAM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 71.92, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

71.14

82.12

We found 1 important support area.

A support zone ranging from 71.86 to 71.92. This zone is formed by a combination of multiple trend lines in the daily time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 75.26 to 76.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @77.29 from a trend line in the daily time frame.
A resistance zone ranging from 80.06 to 81.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for AKAM is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AKAM is down.
ChartMill Relative Strength	13.07	NEGATIVE	AKAM has a low relative strength, it was outperformed by 86.93% 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)	37.91	NEUTRAL	The RSI value for AKAM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.38	NEGATIVE	The MACD value suggests AKAM has a negative trend.
Stochastics (14,3)	17.35	OVERSOLD	The low Stochastics value suggests AKAM may be oversold.
Average True Range in percent/ATR (20)	2.27	MEDIUM VOLATILITY	The ATR as a percentage value for AKAM suggests some volalility.
Average Directional Index/ADX (14)	19.43	NEGATIVE	The low ADX value for AKAM suggests a weak or negative trend.