Alikem Limited (AKE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:AKE - AU0000193666 - Common Stock
We assign a technical rating of 3 out of 10 to AKE. In the past year, AKE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 73% of all other stocks performed better in the past year than AKE.
- AKE is one of the lesser performing stocks in the Metals & Mining industry. 82% of 817 stocks in the same industry do better.
- AKE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month AKE has a been trading in the 7.36 - 10.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of AKE 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.
More info and screens
7.43
2 important support areas can be observed.
- Support @8.85 from a horizontal line in the daily time frame.
- Support @7.50 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.59 to 9.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.65 from a horizontal line in the weekly time frame.
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 AKE.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKE.CA is up. |
| ChartMill Relative Strength | 27.94 | NEGATIVE | AKE.CA has a low relative strength, it was outperformed by 72.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AKE.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AKE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.52 | NEUTRAL | The RSI value for AKE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests AKE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.42 | NEUTRAL | The Stochastics value for AKE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for AKE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 25.14 | POSITIVE | The high ADX value value for AKE.CA suggests a strong trend. |
TSX:AKE (12/21/2023, 7:00:00 PM)
8.86
-0.05 (-0.56%)
Alikem Limited / AKE.CA FAQ
What is the technical rating for AKE stock?
ChartMill assigns a technical rating of 3 / 10 to AKE.CA.
Can you provide the trend direction for Alikem Limited?
The current trend direction for Alikem Limited (AKE.CA) is Bearish.
What is the RSI signal for Alikem Limited (AKE.CA) stock?
Alikem Limited (AKE.CA) has an RSI value of 53.5224. This indicates that the stock is currently neutral.
What is the short term momentum for AKE stock?
The short term momentum for Alikem Limited (AKE.CA) is positive.
Can you provide the buy/sell signal for Alikem Limited?
The buy/sell signal for Alikem Limited (AKE.CA) is hold as the short term and long term trends are mixed.