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Archive
- 12/13/2024 -
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Akamai Technologies (AKAM) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a fourth positive week after 4 consecutive negative weeks for the Akamai Technologies (AKAM). During the week, the AKAM gained 1.18 points, or 1.20%, and closed at 99.24 on Friday, December 13, 2024. Weekly volume was -29% below average.
 Long-term trend: [See AKAM long-term trend chart]
A long-term uptrend had started on March 13, 2023 at 70.65 and reached 129.16 on February 9, 2024. AKAM gained -58.51 points, or -82.82%, in 47 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 94.40 and resistance is at 101.79. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on October 18, 2024 at 106.80 and reached 84.70 on November 19, 2024. AKAM lost 22.10 points, or 20.69%, in 4 weeks. The price is now at the 65.79% retracement level.
 Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See AKAM short-term trend chart]
A short-term uptrend had started on November 19, 2024 at 84.70 and reached 100.39 on December 12, 2024. AKAM gained -15.69 points, or -18.52%, in 23 days. The price is now at the 7.33% retracement level.
 Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since November 22, 2024. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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