AKITA DRILLING LTD-CL A (AKT-A.CA) Stock Technical Analysis
TSX:AKT-A - Toronto Stock Exchange - CA0099051009 - Common Stock - Currency: CAD
Taking everything into account, AKT-A scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, AKT-A has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: AKT-A has an average volume of 26917 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AKT-A is one of the better performing stocks in the market, outperforming 91% of all stocks. We also observe that the gains produced by AKT-A over the past year are nicely spread over this period.
AKT-A is part of the Energy Equipment & Services industry. There are 26 other stocks in this industry. AKT-A outperforms 88% of them.
AKT-A is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AKT-A has a been trading in the 1.81 - 2.30 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AKT-A has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.41
2.43
We found 5 important support areas.
- A support zone ranging from 2.26 to 2.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.76 from a trend line in the daily time frame.
- A support zone ranging from 1.63 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.54 from a trend line in the daily time frame.
- Support @1.42 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 AKT-A.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AKT-A.CA is up. |
| ChartMill Relative Strength | 91.39 | POSITIVE | AKT-A.CA has a high relative strength, it outperformed 91.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AKT-A.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AKT-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AKT-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.96 | OVERBOUGHT | The high RSI value suggests AKT-A.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AKT-A.CA has a positive trend. |
| Stochastics (14,3) | 96.12 | OVERBOUGHT | The high Stochastics value suggests AKT-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for AKT-A.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for AKT-A.CA 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)
TSX:AKT-A (6/16/2025, 7:00:00 PM)
2.41
+0.13 (+5.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg5.7%
1 Week7.08%
2 Weeks8.61%
1 Month24.04%
3 Month36.75%
6 Month39.26%
12 Month77.34%
2 Year75.97%
3 Year23.37%
5 Year453.66%
10 Year-76.23%
15 Year-68.34%
Volatility
ATR(14)0.08
ATR(20)%3.77%
ATR Inc0%
Range Today0.14
ADR(20)0.09
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.39
Mansfield3.46
10 Day High2.3
10 Day Low2.04
20 Day High2.3
20 Day Low1.81
52 Week High2.3
52 Week Low1.2
CS1 End1.76
CR1 StartN/A
Volume & EV
DER(3)0%
DER(5)-16.23%
Volume138.74K
Volume Incr18.17%
Vol(5)45.06K
Vol(50)26.92K