AKERO THERAPEUTICS INC (AKRO) Technical Analysis
NASDAQ:AKRO • US00973Y1082
Current stock price
AKRO Technical Rating and Analysis
Overall AKRO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AKRO is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, AKRO did better than 94% of all other stocks. On top of that, AKRO also shows a nice and consistent pattern of rising prices.
- AKRO is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 515 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 2915700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month AKRO has a been trading in a tight range between 54.02 and 54.83.
- Volume is considerably higher in the last couple of days.
AKRO Weekly and Daily overview Charts
AKRO Setup Rating and Analysis
Although AKRO 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
AKRO Support and Resistance Analysis
45.90
When analyzing the support we can see 4 important areas.
- A support zone ranging from 52.80 to 54.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.38 from a trend line in the weekly time frame.
- Support @48.07 from a trend line in the weekly time frame.
- Support @46.36 from a trend line in the daily time frame.
We found 1 important resistance area.
- 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.
AKRO 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 AKRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKRO is up. |
| ChartMill Relative Strength | 94.04 | POSITIVE | AKRO has a high relative strength, it outperformed 94.04% 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) | 69.04 | NEUTRAL | The RSI value for AKRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests AKRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 75.76 | NEUTRAL | The Stochastics value for AKRO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.32 | LOW VOLATILITY | The low ATR as a percentage value for AKRO suggests low volalility. |
| Average Directional Index/ADX (14) | 35.98 | POSITIVE | The high ADX value value for AKRO suggests a strong trend. |
AKRO Chart- and CandleStick Pattern Analysis
AKRO Technicals: Chart, Performance Metrics, Trend & Indicators
54.65
+0.1 (+0.18%)
AKERO THERAPEUTICS INC / AKRO TA FAQ
Can you provide the ChartMill technical rating for AKERO THERAPEUTICS INC?
ChartMill assigns a technical rating of 10 / 10 to AKRO.
Can you provide the trend direction for AKERO THERAPEUTICS INC?
The current trend direction for AKERO THERAPEUTICS INC (AKRO) is Bullish.
Can you provide the RSI signal for AKERO THERAPEUTICS INC?
AKERO THERAPEUTICS INC (AKRO) has an RSI value of 69.0367. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AKERO THERAPEUTICS INC?
The MACD indicator for AKERO THERAPEUTICS INC (AKRO) has a value of -0.104073, indicating a bearish trend.
Can you provide the support and resistance levels for AKERO THERAPEUTICS INC?
AKERO THERAPEUTICS INC (AKRO) has a support level at 54.49 and a resistance level at 55.75. Check the full technical report for our detailed analysis of AKRO support and resistance levels.