AKITA DRILLING LTD-CL A (AKT-A.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:AKT-A - CA0099051009 - Common Stock
Taking everything into account, AKT-A scores 4 out of 10 in our technical rating. In the past year, AKT-A was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- In the last month AKT-A has a been trading in the 1.84 - 2.13 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, AKT-A outperforms 50% of them, which is more or less in line with the market.
- AKT-A is an average performer in the Energy Equipment & Services industry, it outperforms 65% of 27 stocks in the same industry.
- AKT-A is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AKT-A is lagging the market.
- Considerably lower volume is observed in the last couple of days.
AKT-A has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.11. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AKT-A in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.75
We found 4 important support areas.
- A support zone ranging from 1.98 to 1.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.92 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.83 from a horizontal line in the weekly time frame.
- Support @1.77 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.11 to 2.12. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 2.19 to 2.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.31 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 | NEUTRAL | NEUTRAL | The long term trend for AKT-A.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AKT-A.CA is neutral. |
| ChartMill Relative Strength | 50.67 | NEUTRAL | AKT-A.CA is not amongst the best or worst performers 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 | MIXED | The current price of AKT-A.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.84 | NEUTRAL | The RSI value for AKT-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AKT-A.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.37 | NEUTRAL | The Stochastics value for AKT-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for AKT-A.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for AKT-A.CA suggests a weak or negative trend. |
TSX:AKT-A (1/22/2026, 7:00:00 PM)
1.99
-0.06 (-2.93%)
AKITA DRILLING LTD-CL A / AKT-A.CA FAQ
Can you provide the ChartMill technical rating for AKITA DRILLING LTD-CL A?
ChartMill assigns a technical rating of 4 / 10 to AKT-A.CA.
What is the trend direction for AKT-A stock?
The current trend direction for AKITA DRILLING LTD-CL A (AKT-A.CA) is Bearish.
What is the RSI signal for AKITA DRILLING LTD-CL A (AKT-A.CA) stock?
AKITA DRILLING LTD-CL A (AKT-A.CA) has an RSI value of 50.8433. This indicates that the stock is currently neutral.
What is the short term momentum for AKITA DRILLING LTD-CL A (AKT-A.CA) stock?
The short term momentum for AKITA DRILLING LTD-CL A (AKT-A.CA) is neutral.