Alikem Limited (AKE.CA) Technical Analysis
TSX:AKE • AU0000193666
Current stock price
AKE.CA Technical Rating and Analysis
Taking everything into account, AKE scores 3 out of 10 in our technical rating. 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 part of the Metals & Mining industry. There are 795 other stocks in this industry, of which 73% are performing better than AKE.
- 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 short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- 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.
AKE.CA Weekly and Daily overview Charts
AKE.CA Setup Rating and Analysis
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
AKE.CA Support and Resistance Analysis
7.43
When analyzing the support we can see 2 important areas.
- 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.
AKE.CA 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 | 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. |
AKE.CA Chart- and CandleStick Pattern Analysis
AKE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:AKE (12/21/2023, 7:00:00 PM)
8.86
-0.05 (-0.56%)
Alikem Limited / AKE.CA TA 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.
Can you provide the RSI signal for Alikem Limited?
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 Alikem Limited (AKE.CA) stock?
The short term momentum for Alikem Limited (AKE.CA) is positive.
What is the support and resistance level for AKE stock?
Alikem Limited (AKE.CA) has a support level at 8.85 and a resistance level at 9.59. Check the full technical report for our detailed analysis of AKE.CA support and resistance levels.