Asanko Gold Inc (AKG) Technical Analysis
NYSEARCA:AKG
Current stock price
AKG Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to AKG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AKG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AKG is one of the better performing stocks in the market, outperforming 97% of all stocks.
- AKG 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 AKG is performing more or less in line with the market.
- In the last month AKG has a been trading in the 0.83 - 1.28 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AKG Weekly and Daily overview Charts
AKG Setup Rating and Analysis
Although AKG has an excellent technical rating, the quality of the presented setup is not ideal 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
AKG Support and Resistance Analysis
0.73
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.09 to 1.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.95 from a trend line in the daily time frame.
- Support @0.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.18 from a horizontal line in the weekly time frame.
- Resistance @1.21 from a horizontal line in the daily time frame.
AKG 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 AKG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKG is up. |
| ChartMill Relative Strength | 97.18 | POSITIVE | AKG has a high relative strength, it outperformed 97.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AKG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.23 | NEUTRAL | The RSI value for AKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AKG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.77 | NEUTRAL | The Stochastics value for AKG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for AKG suggests high volalility. |
AKG Chart- and CandleStick Pattern Analysis
AKG Technicals: Chart, Performance Metrics, Trend & Indicators
1.13
+0.04 (+3.67%)
Asanko Gold Inc / AKG TA FAQ
Can you provide the ChartMill technical rating for Asanko Gold Inc?
ChartMill assigns a technical rating of 9 / 10 to AKG.
What is the current trend direction of Asanko Gold Inc (AKG) stock?
The current trend direction for Asanko Gold Inc (AKG) is Bullish.
What is the RSI signal for AKG stock?
Asanko Gold Inc (AKG) has an RSI value of 60.23. This indicates that the stock is currently neutral.
What is the short term momentum for Asanko Gold Inc (AKG) stock?
The short term momentum for Asanko Gold Inc (AKG) is positive.
Can you provide the support and resistance levels for Asanko Gold Inc?
Asanko Gold Inc (AKG) has a support level at 1.09 and a resistance level at 1.18. Check the full technical report for our detailed analysis of AKG support and resistance levels.