Akcea Therapeutics Inc (AKCA) Technical Analysis
NASDAQ:AKCA
Current stock price
AKCA Technical Rating and Analysis
Taking everything into account, AKCA scores 8 out of 10 in our technical rating. Although AKCA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- AKCA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AKCA is performing more or less in line with the market.
- When comparing the yearly performance of all stocks, we notice that AKCA is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month AKCA has a been trading in a tight range between 18.05 and 18.22.
AKCA Weekly and Daily overview Charts
AKCA Setup Rating and Analysis
AKCA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.14, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
AKCA Support and Resistance Analysis
11.04
We found 3 important support areas.
- A support zone ranging from 18.00 to 18.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.16 from a trend line in the daily time frame.
- Support @11.15 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.18 to 18.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
AKCA Technical Indicator Signal Analysis
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 AKCA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKCA is up. |
| ChartMill Relative Strength | 76.92 | POSITIVE | AKCA has a high relative strength, it outperformed 76.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKCA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKCA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AKCA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 78.46 | OVERBOUGHT | The high RSI value suggests AKCA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests AKCA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.76 | NEUTRAL | The Stochastics value for AKCA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for AKCA suggests low volalility. |
AKCA Chart- and CandleStick Pattern Analysis
AKCA Example Setup
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 |
|---|---|---|---|
| 18.23 | 18.07 | 0.16 (0.88%) | 25.00% |
| An entry @18.23. This is a Buy Stop order right above the 10 day high. | An exit @18.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.16 points, which is 0.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- 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.
AKCA Technicals: Chart, Performance Metrics, Trend & Indicators
18.17
+0.03 (+0.17%)
Akcea Therapeutics Inc / AKCA TA FAQ
What is the technical rating for AKCA stock?
ChartMill assigns a technical rating of 8 / 10 to AKCA.
What is the trend direction for AKCA stock?
The current trend direction for Akcea Therapeutics Inc (AKCA) is Bullish.
What is the RSI signal for Akcea Therapeutics Inc (AKCA) stock?
Akcea Therapeutics Inc (AKCA) has an RSI value of 78.4552. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Akcea Therapeutics Inc?
The short term momentum for Akcea Therapeutics Inc (AKCA) is positive.
Can you provide the support and resistance levels for Akcea Therapeutics Inc?
Akcea Therapeutics Inc (AKCA) has a support level at 18.14 and a resistance level at 18.18. Check the full technical report for our detailed analysis of AKCA support and resistance levels.