AKAM Technical Analysis - AKAMAI TECHNOLOGIES INC

Technical Rating and Analysis

Taking everything into account, AKAM scores 0 out of 10 in our technical rating. 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.

When comparing the yearly performance of all stocks, AKAM is a bad performer in the overall market: 86% of all stocks are doing better.

AKAM is one of the lesser performing stocks in the IT Services industry. 63% of 86 stocks in the same industry do 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 74.89 - 79.43 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

AKAM has an average volume of 1948080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Volume is considerably higher in the last couple of days.

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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. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

75.52

88.75

4 important resistance areas can be observed.

A resistance zone ranging from 76.87 to 78.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 80.06 to 80.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @83.45 from a trend line in the weekly time frame.
Resistance @87.87 from a trend line in the weekly time frame.

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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	NEUTRAL	NEUTRAL	The short term trend for AKAM is neutral.
ChartMill Relative Strength	14	NEGATIVE	AKAM has a low relative strength, it was outperformed by 86% 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)	47.33	NEUTRAL	The RSI value for AKAM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.18	NEGATIVE	The MACD value suggests AKAM has a negative trend.
Stochastics (14,3)	33.33	NEUTRAL	The Stochastics value for AKAM is a neutral value.
Average True Range in percent/ATR (20)	2.35	MEDIUM VOLATILITY	The ATR as a percentage value for AKAM suggests some volalility.
Average Directional Index/ADX (14)	13.87	NEGATIVE	The low ADX value for AKAM suggests a weak or negative trend.