Akers Biosciences (AKER) Stock Technical Analysis
NASDAQ:AKER
We assign a technical rating of 0 out of 10 to AKER. AKER scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, AKER is a bad performer in the overall market: 95% of all stocks are doing better.
- AKER 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 AKER is lagging the market.
- In the last month AKER has a been trading in the 2.40 - 4.09 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of AKER is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.45
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.32 to 3.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @4.25 from a trend line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for AKER is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AKER is down. |
| ChartMill Relative Strength | 5.16 | NEGATIVE | AKER has a low relative strength, it was outperformed by 94.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AKER is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AKER is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AKER is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.08 | NEUTRAL | The RSI value for AKER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests AKER has a negative trend. |
| Stochastics (14,3) | 7.54 | OVERSOLD | The low Stochastics value suggests AKER may be oversold. |
| Average True Range in percent/ATR (20) | 14.47 | HIGH VOLATILITY | The high ATR as a percentage value for AKER suggests high volalility. |
2.47
-0.26 (-9.52%)
Akers Biosciences / AKER FAQ
What is the ChartMill technical rating of Akers Biosciences (AKER) stock?
ChartMill assigns a technical rating of 0 / 10 to AKER.
What is the current trend direction of Akers Biosciences (AKER) stock?
The current trend direction for Akers Biosciences (AKER) is Bearish.
What is the RSI signal for AKER stock?
Akers Biosciences (AKER) has an RSI value of 36.0807. This indicates that the stock is currently neutral.
What is the MACD signal for AKER stock?
The MACD indicator for Akers Biosciences (AKER) has a value of -0.0891811, indicating a bearish trend.
What is the short term momentum for AKER stock?
The short term momentum for Akers Biosciences (AKER) is negative.