AKANDA CORP (AKAN) Stock Technical Analysis
NASDAQ:AKAN - Nasdaq - CA00971M4039 - Common Stock - Currency: USD
Overall AKAN gets a technical rating of 0 out of 10. 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 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, AKAN is a bad performer in the overall market: 94% of all stocks are doing better.
AKAN is part of the Pharmaceuticals industry. There are 198 other stocks in this industry, of which 72% are performing better than AKAN.
AKAN is currently trading near the lower end of its 52 week range, which is not a good sign. AKAN is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month AKAN has a been trading in the 0.93 - 1.40 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of AKAN is bad and it also does not present a quality setup 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
1.09
1.77
When analyzing the support we notice one important area.
- A support zone ranging from 1.10 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.30 to 1.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.34 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.38 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.75 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.02
Mansfield-5.36
10 Day High1.4
10 Day Low1.07
20 Day High1.4
20 Day Low0.93
52 Week High47.52
52 Week Low0.93
Performance
1 Week12.17%
2 Weeks17.27%
1 Month-3.01%
3 Month-19.88%
6 Month-13.89%
12 Month-82.18%
2 Year-97.79%
3 Year-99.83%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)53.04
LBB1.05
UBB1.31
NASDAQ:AKAN (5/2/2025, 5:20:00 PM)
1.29
+0.03 (+2.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.37%
1 Week12.17%
2 Weeks17.27%
1 Month-3.01%
3 Month-19.88%
6 Month-13.89%
12 Month-82.18%
2 Year-97.79%
3 Year-99.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%8.27%
ATR Inc-17.54%
Range Today0.08
ADR(20)0.1
ADR(20)%8.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.02
Mansfield-5.36
10 Day High1.4
10 Day Low1.07
20 Day High1.4
20 Day Low0.93
52 Week High47.52
52 Week Low0.93
CS1 End1.1
CR1 Start1.3
Volume & EV
DER(3)-14.17%
DER(5)-3.18%
Volume15.22K
Volume Incr100.67%
Vol(5)69.11K
Vol(50)34.47K