AKANDA CORP (AKAN) Stock Technical Analysis
NASDAQ:AKAN - Nasdaq - CA00971M4039 - Common Stock - Currency: USD
Taking everything into account, AKAN scores 3 out of 10 in our technical rating. In the past year, AKAN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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.
95% of all other stocks performed better in the past year than AKAN.
AKAN is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 75% are performing better than AKAN.
AKAN is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AKAN is lagging the market.
In the last month AKAN has a been trading in the 1.16 - 1.48 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AKAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for AKAN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.14
1.77
We found 2 important support areas.
- A support zone ranging from 1.22 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.15 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- Resistance @1.37 from a horizontal line in the weekly time frame.
- Resistance @1.42 from a trend line in the daily time frame.
- Resistance @1.47 from a horizontal line in the daily time frame.
- Resistance @1.50 from a trend line in the daily time frame.
- Resistance @1.75 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for AKAN is neutral. |
| ChartMill Relative Strength | 5.13 | NEGATIVE | AKAN has a low relative strength, it was outperformed by 94.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AKAN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKAN is above 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) | 49.43 | NEUTRAL | The RSI value for AKAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AKAN has a negative trend. |
| Stochastics (14,3) | 42.71 | NEUTRAL | The Stochastics value for AKAN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.59 | HIGH VOLATILITY | The high ATR as a percentage value for AKAN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.15 | NEUTRAL | The ADX value for AKAN suggests a possible start of a new trend. |
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)
NASDAQ:AKAN (6/20/2025, 8:14:35 PM)
1.28
-0.02 (-1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.54%
1 Week-4.76%
2 Weeks0.79%
1 Month2.4%
3 Month-16.34%
6 Month-9.22%
12 Month-72.65%
2 Year-97.84%
3 Year-99.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%7.59%
ATR Inc-54.19%
Range Today0.03
ADR(20)0.1
ADR(20)%7.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.13
Mansfield-3.69
10 Day High1.48
10 Day Low1.25
20 Day High1.48
20 Day Low1.16
52 Week High5.08
52 Week Low0.93
CS1 End1.23
CR1 Start1.37
Volume & EV
DER(3)1.9%
DER(5)4.36%
Volume15.40K
Volume Incr78.9%
Vol(5)42.56K
Vol(50)33.84K