AKANDA CORP (AKAN) Stock Technical Analysis
NASDAQ:AKAN - Nasdaq - CA00971M4039 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to AKAN. 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.
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: 97% of all stocks are doing better.
AKAN is part of the Pharmaceuticals industry. There are 198 other stocks in this industry, of which 77% 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 1.07 - 1.40 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.
More info and screens
1.16
1.77
We found 1 important support area.
- Support @1.17 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.30 to 1.34. 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
CRS3.3
Mansfield-5.04
10 Day High1.4
10 Day Low1.11
20 Day High1.4
20 Day Low1.07
52 Week High11.84
52 Week Low0.93
Performance
1 Week1.67%
2 Weeks0.83%
1 Month5.18%
3 Month-29.91%
6 Month-12.23%
12 Month-91.16%
2 Year-97.91%
3 Year-99.84%
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)0.01
RSI(14)48.82
LBB1.1
UBB1.32
1.22
+0.02 (+1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.68%
1 Week1.67%
2 Weeks0.83%
1 Month5.18%
3 Month-29.91%
6 Month-12.23%
12 Month-91.16%
2 Year-97.91%
3 Year-99.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%7.45%
ATR Inc-50.78%
Range Today0.05
ADR(20)0.09
ADR(20)%7.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.3
Mansfield-5.04
10 Day High1.4
10 Day Low1.11
20 Day High1.4
20 Day Low1.07
52 Week High11.84
52 Week Low0.93
CS1 End1.17
CR1 Start1.23
Volume & EV
DER(3)-18.58%
DER(5)-2.29%
Volume26.50K
Volume Incr-57.66%
Vol(5)19.40K
Vol(50)32.88K