Overall AKAN gets a technical rating of 0 out of 10. 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 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.
1.02
We found 1 important resistance area.
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 | 0.91 | NEGATIVE | AKAN has a low relative strength, it was outperformed by 99.09% 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) | 28.91 | OVERSOLD | The low RSI value suggests AKAN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests AKAN has a positive trend. |
| Stochastics (14,3) | 25.81 | NEUTRAL | The Stochastics value for AKAN is a neutral value. |
| Average True Range in percent/ATR (20) | 13.26 | HIGH VOLATILITY | The high ATR as a percentage value for AKAN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for AKAN suggests a weak or negative trend. |
1.03
-0.04 (-3.74%)
ChartMill assigns a technical rating of 0 / 10 to AKAN.
The current trend direction for AKANDA CORP (AKAN) is Bearish.
AKANDA CORP (AKAN) has an RSI value of 28.9079. This indicates that the stock is currently oversold.
The MACD indicator for AKANDA CORP (AKAN) has a value of 0.046843, indicating a bearish trend.
AKANDA CORP (AKAN) has a resistance level at 1.08. Check the full technical report for our detailed analysis of AKAN support and resistance levels.