AKANDA CORP (AKAN) Technical Analysis
NASDAQ:AKAN • CA00971M6018
Taking everything into account, AKAN scores 1 out of 10 in our technical rating. AKAN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, AKAN is a bad performer in the overall market: 93% of all stocks are doing better.
- AKAN is one of the lesser performing stocks in the Pharmaceuticals industry. 72% of 193 stocks in the same industry do better.
- AKAN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- AKAN has an average volume of 1461850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AKAN has a been trading in the 0.81 - 1.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, AKAN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.90, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.82
3 important support areas can be observed.
- A support zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.83 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.04 to 1.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.59 from a trend 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 | DOWN | NEGATIVE | The long term trend for AKAN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AKAN is down. |
| ChartMill Relative Strength | 7.01 | NEGATIVE | AKAN has a low relative strength, it was outperformed by 92.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AKAN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AKAN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AKAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.99 | NEUTRAL | The RSI value for AKAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AKAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.66 | NEUTRAL | The Stochastics value for AKAN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.84 | HIGH VOLATILITY | The high ATR as a percentage value for AKAN suggests high volalility. |
| Average Directional Index/ADX (14) | 25.79 | POSITIVE | The high ADX value value for AKAN suggests a strong trend. |
AKAN Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:AKAN (3/5/2026, 10:38:05 AM)
0.98
+0.06 (+6.52%)
AKANDA CORP / AKAN FAQ
What is the technical rating for AKAN stock?
ChartMill assigns a technical rating of 1 / 10 to AKAN.
What is the current trend direction of AKANDA CORP (AKAN) stock?
The current trend direction for AKANDA CORP (AKAN) is Bearish.
What is the RSI signal for AKANDA CORP (AKAN) stock?
AKANDA CORP (AKAN) has an RSI value of 45.9906. This indicates that the stock is currently neutral.
What is the short term momentum for AKAN stock?
The short term momentum for AKANDA CORP (AKAN) is negative.
What are the support and resistance levels for AKANDA CORP (AKAN) stock?
AKANDA CORP (AKAN) has a support level at 0.9 and a resistance level at 0.93. Check the full technical report for our detailed analysis of AKAN support and resistance levels.