AKANDA CORP (AKAN) Stock Technical Analysis
USA - NASDAQ:AKAN - CA00971M5028 - Common Stock
4.77 USD
+0.89 (+22.94%)
4.39 USD
-0.38 (-7.97%)
We assign a technical rating of 5 out of 10 to AKAN. In the last year, AKAN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, AKAN is a bad performer in the overall market: 81% of all stocks are doing better.
AKAN 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
AKAN is an average performer in the Pharmaceuticals industry, it outperforms 44% of 196 stocks in the same industry.
In the last month AKAN has a been trading in the 3.14 - 5.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AKAN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.25
4.82
We found 2 important support areas.
- Support @3.44 from a horizontal line in the weekly time frame.
- Support @3.28 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for AKAN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKAN is up. |
| ChartMill Relative Strength | 19.64 | NEGATIVE | AKAN has a low relative strength, it was outperformed by 80.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKAN is above 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 | MIXED | The current price of AKAN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.69 | NEUTRAL | The RSI value for AKAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests AKAN has a positive trend. |
| Stochastics (14,3) | 60.13 | NEUTRAL | The Stochastics value for AKAN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.75 | HIGH VOLATILITY | The high ATR as a percentage value for AKAN suggests high volalility. |
| Average Directional Index/ADX (14) | 26.63 | POSITIVE | The high ADX value value for AKAN suggests a strong 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)
4.77
+0.89 (+22.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg22.94%
1 Week32.5%
2 Weeks44.55%
1 Month30.33%
3 Month11.42%
6 Month25.11%
12 Month-28.67%
2 Year-96.4%
3 Year-99.59%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%7.75%
ATR Inc197.06%
Range Today1.43
ADR(20)0.35
ADR(20)%7.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.64
Mansfield-0.35
10 Day High5.26
10 Day Low3.3
20 Day High5.26
20 Day Low3.14
52 Week High8.69
52 Week Low2.91
CS1 End3.44
CR1 StartN/A
Volume & EV
DER(3)3.69%
DER(5)3.17%
Volume771.10K
Volume Incr90.48%
Vol(5)231.75K
Vol(50)390.21K