Alikem Limited (AKE.CA) Stock Technical Analysis
TSX:AKE - Toronto Stock Exchange - AU0000193666 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to AKE. Recently some decent action could be observed, but in the medium term time frame this is still negative. AKE was also a bad performer in the overall market in the last year.
73% of all other stocks performed better in the past year than AKE.
AKE is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AKE is lagging the market.
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.
AKE is part of the Metals & Mining industry. There are 807 other stocks in this industry, AKE did better than 42% of them.
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
14.80
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.
2 important resistance areas can be observed.
- 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. |
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)
TSX:AKE (12/21/2023, 7:00:00 PM)
8.86
-0.05 (-0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.56%
1 Week-6.44%
2 Weeks8.71%
1 Month13.74%
3 Month-12.62%
6 Month-35.52%
12 Month-15.78%
2 Year-8%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%4.79%
ATR Inc28.59%
Range Today0.36
ADR(20)0.38
ADR(20)%4.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.94
Mansfield-2.91
10 Day High10
10 Day Low7.99
20 Day High10
20 Day Low7.36
52 Week High15.19
52 Week Low7.36
CS1 End8.85
CR1 Start9.59
Volume & EV
DER(3)-5.44%
DER(5)-2.09%
Volume28.82K
Volume Incr-7.35%
Vol(5)41.43K
Vol(50)54.98K