AKERO THERAPEUTICS INC (AKRO) Stock Technical Analysis
NASDAQ:AKRO - Nasdaq - US00973Y1082 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to AKRO. In the last year, AKRO was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month AKRO has a been trading in the 46.92 - 54.99 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.
Looking at the yearly performance, AKRO did better than 91% of all other stocks.
AKRO is one of the better performing stocks in the Biotechnology industry, it outperforms 87% of 553 stocks in the same industry.
AKRO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AKRO is lagging the market slightly.
AKRO has an average volume of 1601230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Considerably lower volume is observed in the last couple of days.
AKRO has an average technical rating and it also does not offer a high 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
30.73
58.14
We found 2 important support areas.
- A support zone ranging from 47.48 to 47.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @47.91 from a trend line in the daily time frame.
- A resistance zone ranging from 50.70 to 52.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.08 from a trend line in the daily time frame.
- Resistance @54.34 from a horizontal line in the daily time frame.
- Resistance @57.56 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 AKRO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AKRO is down. |
| ChartMill Relative Strength | 91.54 | POSITIVE | AKRO has a high relative strength, it outperformed 91.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AKRO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AKRO is below 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) | 36.05 | NEUTRAL | The RSI value for AKRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests AKRO has a negative trend. |
| Stochastics (14,3) | 5.22 | OVERSOLD | The low Stochastics value suggests AKRO may be oversold. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for AKRO suggests some volalility. |
| Average Directional Index/ADX (14) | 15.26 | NEGATIVE | The low ADX value for AKRO suggests a weak or negative 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)
47.72
+0.23 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.48%
1 Week-7.91%
2 Weeks-10.97%
1 Month-7.18%
3 Month6.35%
6 Month-11.76%
12 Month89.59%
2 Year9.95%
3 Year366.02%
5 Year35.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%4%
ATR Inc26.32%
Range Today1.82
ADR(20)1.84
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.54
Mansfield1.48
10 Day High54.99
10 Day Low46.92
20 Day High54.99
20 Day Low46.92
52 Week High58.4
52 Week Low21.34
CS1 End47.71
CR1 Start47.91
Volume & EV
DER(3)-2.43%
DER(5)-0.62%
Volume1.16M
Volume Incr-29.86%
Vol(5)834.44K
Vol(50)1.60M