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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AKT-A is showing a nice and steady performance.
Warning: AKT-A has an average volume of 23805 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that AKT-A is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, AKT-A also shows a nice and consistent pattern of rising prices.
AKT-A is part of the Energy Equipment & Services industry. There are 29 other stocks in this industry. AKT-A outperforms 85% of them.
AKT-A is currently trading near its 52 week high, which is a good sign. 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 1.66 - 2.21 range, which is quite wide. It is currently trading near the high of this range.
Although AKT-A 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
1.41
2.19
When analyzing the support we can see 4 important areas.
- Support @1.74 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 @1.53 from a trend line in the daily time frame.
- Support @1.42 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.17 to 2.17. 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 | UP | POSITIVE | The short term trend for AKT-A.CA is up. |
| ChartMill Relative Strength | 89.79 | POSITIVE | AKT-A.CA has a high relative strength, it outperformed 89.79% 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) | 72.32 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 86.9 | OVERBOUGHT | The high Stochastics value suggests AKT-A.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for AKT-A.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 13.62 | 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 (6/10/2025, 7:00:00 PM)
2.17
+0.05 (+2.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg2.36%
1 Week3.85%
2 Weeks11.34%
1 Month23.43%
3 Month30.12%
6 Month32.52%
12 Month68.75%
2 Year67.44%
3 Year17.39%
5 Year426.83%
10 Year-77.38%
15 Year-69.87%
Volatility
ATR(14)0.09
ATR(20)%4.14%
ATR Inc16.67%
Range Today0.04
ADR(20)0.09
ADR(20)%4.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.79
Mansfield2.75
10 Day High2.21
10 Day Low1.83
20 Day High2.21
20 Day Low1.66
52 Week High2.21
52 Week Low1.2
CS1 End1.74
CR1 Start2.17
Volume & EV
DER(3)-18.22%
DER(5)-10.93%
Volume14.44K
Volume Incr-52.35%
Vol(5)17.73K
Vol(50)23.81K