AKEBIA THERAPEUTICS INC (AKBA) Stock Technical Analysis
NASDAQ:AKBA - Nasdaq - US00972D1054 - Common Stock - Currency: USD
Taking everything into account, AKBA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AKBA has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AKBA is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, AKBA also shows a nice and consistent pattern of rising prices.
AKBA is one of the better performing stocks in the Biotechnology industry, it outperforms 96% of 558 stocks in the same industry.
AKBA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AKBA has a been trading in the 3.46 - 4.08 range, which is quite wide. It is currently trading near the high of this range.
AKBA has an average volume of 5228490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, AKBA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 3.97. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AKBA 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
3.46
4.04
When analyzing the support we notice one important area.
- Support @3.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.97 to 4.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for AKBA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKBA is up. |
| ChartMill Relative Strength | 97.98 | POSITIVE | AKBA has a high relative strength, it outperformed 97.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKBA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKBA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AKBA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.24 | NEUTRAL | The RSI value for AKBA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AKBA has a positive trend. |
| Stochastics (14,3) | 83.78 | OVERBOUGHT | The high Stochastics value suggests AKBA may be overbought. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for AKBA suggests some volalility. |
| Average Directional Index/ADX (14) | 40.17 | POSITIVE | The high ADX value value for AKBA 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.01 | 3.47 | 0.54 (13.47%) | 7.43% |
| An entry @4.01. This is a Buy Stop order right above the resistance zone. | An exit @3.47. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.54 points, which is 13.47%. | When investing 7.43% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
3.88
-0.09 (-2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.27%
1 Week9.37%
2 Weeks8.77%
1 Month8.77%
3 Month92.72%
6 Month91.79%
12 Month194.07%
2 Year137.73%
3 Year915.35%
5 Year-64.46%
10 Year-57.77%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%4.27%
ATR Inc-28.56%
Range Today0.17
ADR(20)0.17
ADR(20)%4.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.98
Mansfield7.42
10 Day High4.08
10 Day Low3.48
20 Day High4.08
20 Day Low3.46
52 Week High4.08
52 Week Low1.07
CS1 End3.49
CR1 Start3.97
Volume & EV
DER(3)-1.01%
DER(5)4.23%
Volume2.87M
Volume Incr-38.77%
Vol(5)3.35M
Vol(50)5.23M