Taking everything into account, AKAN scores 0 out of 10 in our technical rating. AKAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, AKAN does present a nice setup opportunity. 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
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When analyzing the resistance we notice one important area.
- Resistance @0.75 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 | 0.82 | NEGATIVE | AKAN has a low relative strength, it was outperformed by 99.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AKAN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AKAN is below a declining 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) | 34.55 | NEUTRAL | The RSI value for AKAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests AKAN has a positive trend. |
| Stochastics (14,3) | 19.31 | OVERSOLD | The low Stochastics value suggests AKAN may be oversold. |
| Average True Range in percent/ATR (20) | 26.67 | HIGH VOLATILITY | The high ATR as a percentage value for AKAN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.53 | NEGATIVE | The low ADX value for AKAN suggests a weak or negative trend. |
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+0.02 (+4.35%)
AKANDA CORP / AKAN FAQ
What is the technical rating for AKAN stock?
ChartMill assigns a technical rating of 0 / 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 34.5487. 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 resistance level at 0.75. Check the full technical report for our detailed analysis of AKAN support and resistance levels.