Taking everything into account, AKG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AKG has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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3 important support areas can be observed.
- 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.
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. |
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+0.04 (+3.67%)
Asanko Gold Inc / AKG FAQ
Can you provide the ChartMill technical rating for Asanko Gold Inc?
ChartMill assigns a technical rating of 9 / 10 to AKG.
Can you provide the trend direction for Asanko Gold Inc?
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.
Can you provide the buy/sell signal for Asanko Gold Inc?
The buy/sell signal for Asanko Gold Inc (AKG) is buy as both the short term and long term trends are positive.
What is the support and resistance level for AKG stock?
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.