AKITA DRILLING LTD-CL A (AKT-A.CA) Stock Technical Analysis
TSX:AKT-A - Toronto Stock Exchange - CA0099051009 - Common Stock - Currency: CAD
Overall AKT-A gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that AKT-A is one of the better performing stocks in the market, outperforming 83% 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 27 other stocks in this industry. AKT-A outperforms 80% of them.
AKT-A 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 AKT-A is lagging the market slightly.
In the last month AKT-A has a been trading in the 2.01 - 2.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, AKT-A also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for AKT-A in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.64
2.48
When analyzing the support we can see 6 important areas.
- A support zone ranging from 2.15 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @2.03 from a horizontal line in the daily time frame.
- Support @1.92 from a trend line in the daily time frame.
- Support @1.78 from a trend line in the weekly time frame.
- Support @1.72 from a trend line in the weekly time frame.
- Support @1.66 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @2.41 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.46 to 2.46. 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 AKT-A.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AKT-A.CA is neutral. |
| ChartMill Relative Strength | 83.38 | POSITIVE | AKT-A.CA has a high relative strength, it outperformed 83.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AKT-A.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AKT-A.CA is below 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) | 46.68 | NEUTRAL | The RSI value for AKT-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AKT-A.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.24 | NEUTRAL | The Stochastics value for AKT-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for AKT-A.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 30.12 | POSITIVE | The high ADX value value for AKT-A.CA suggests a strong 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)
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 |
|---|---|---|---|
| 2.18 | 2.14 | 0.04 (1.79%) | 25.00% |
| An entry @2.18. This is a Buy Stop order right above the 10 day moving average. | An exit @2.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.04 points, which is 1.79%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AKT-A. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:AKT-A (8/5/2025, 7:00:00 PM)
2.16
-0.15 (-6.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-6.49%
1 Week0.47%
2 Weeks-6.09%
1 Month-8.86%
3 Month23.43%
6 Month30.12%
12 Month51.05%
2 Year16.76%
3 Year44%
5 Year554.55%
10 Year-77.02%
15 Year-71.95%
Volatility
ATR(14)0.13
ATR(20)%5.34%
ATR Inc165.26%
Range Today0.23
ADR(20)0.1
ADR(20)%4.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.38
Mansfield1.43
10 Day High2.35
10 Day Low2.01
20 Day High2.38
20 Day Low2.01
52 Week High2.46
52 Week Low1.2
CS1 End2.15
CR1 Start2.41
Volume & EV
DER(3)15.54%
DER(5)18.64%
Volume73.36K
Volume Incr137.29%
Vol(5)51.02K
Vol(50)32.13K