AKERO THERAPEUTICS INC (AKRO) Stock Technical Analysis
USA - NASDAQ:AKRO - US00973Y1082 - Common Stock
Taking everything into account, AKRO scores 9 out of 10 in our technical rating. AKRO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Besides having an excellent technical rating, AKRO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 54.19. Right above this resistance zone may be a good entry point.
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44.30
5 important support areas can be observed.
- A support zone ranging from 53.76 to 54.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.73 from a trend line in the daily time frame.
- Support @47.72 from a trend line in the weekly time frame.
- A support zone ranging from 45.99 to 46.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.75 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 54.19 to 54.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 55.75 to 56.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AKRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKRO is up. |
| ChartMill Relative Strength | 88.68 | POSITIVE | AKRO has a high relative strength, it outperformed 88.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AKRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.38 | NEUTRAL | The RSI value for AKRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests AKRO has a negative trend. |
| Stochastics (14,3) | 72.16 | NEUTRAL | The Stochastics value for AKRO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for AKRO suggests low volalility. |
| Average Directional Index/ADX (14) | 35.07 | POSITIVE | The high ADX value value for AKRO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 54.34 | 53.75 | 0.59 (1.09%) | 25.00% |
| An entry @54.34. This is a Buy Stop order right above the resistance zone. | An exit @53.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.59 points, which is 1.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.27%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.05
+0.02 (+0.04%)
AKERO THERAPEUTICS INC / AKRO FAQ
Can you provide the ChartMill technical rating for AKERO THERAPEUTICS INC?
ChartMill assigns a technical rating of 9 / 10 to AKRO.
What is the trend direction for AKRO stock?
The current trend direction for AKERO THERAPEUTICS INC (AKRO) is Bullish.
What is the RSI signal for AKERO THERAPEUTICS INC (AKRO) stock?
AKERO THERAPEUTICS INC (AKRO) has an RSI value of 68.3773. This indicates that the stock is currently neutral.
What is the MACD signal for AKRO stock?
The MACD indicator for AKERO THERAPEUTICS INC (AKRO) has a value of -0.207667, indicating a bearish trend.
What is the support and resistance level for AKRO stock?
AKERO THERAPEUTICS INC (AKRO) has a support level at 54 and a resistance level at 54.19. Check the full technical report for our detailed analysis of AKRO support and resistance levels.