USA - NASDAQ:AKAN - CA00971M5028 - Common Stock
Taking everything into account, AKAN scores 0 out of 10 in our technical rating. AKAN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
0.89
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) | 17.92 | OVERSOLD | The low RSI value suggests AKAN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AKAN has a positive trend. |
| Stochastics (14,3) | 3.74 | OVERSOLD | The low Stochastics value suggests AKAN may be oversold. |
| Average True Range in percent/ATR (20) | 16.96 | HIGH VOLATILITY | The high ATR as a percentage value for AKAN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.25 | NEUTRAL | The ADX value for AKAN suggests a possible start of a new trend. |
0.8955
-0.02 (-2.55%)
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 17.9237. This indicates that the stock is currently oversold.
The MACD indicator for AKANDA CORP (AKAN) has a value of 0.00556213, indicating a bearish trend.