The Greedy Trader Weekly Analysis
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Weekly W%R Divergence:Bullish
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 7/19/2024 -
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Akamai Technologies (AKAM) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has fallen below the Parabolic SAR
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It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM gave back -0.09 points, or -0.09%, and closed at 95.05 on Friday, July 19, 2024. Weekly volume was -23% 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 price is now at the 58.30% retracement level.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on February 9, 2024 at 129.16 and reached 87.59 on June 13, 2024. AKAM lost 41.57 points, or 32.18%, in 17 weeks. The price is now at the 17.95% retracement level.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 9, 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 downtrend had started on July 18, 2024 at 97.80 and reached 94.46 on July 19, 2024. AKAM lost 3.34 points, or 3.42%, in 1 days. The price is now at the 17.66% retracement level.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since June 7, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.37
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 82.84
Overbought
Greed/Fear Indicator (GFI) 78.22
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.61
Williams' Percentage Range (W%R) 67.20
Lane's Stochastic (%D-Slow) 31.05
Greed/Fear Indicator (GFI) 36.11
Moving Average Converg./Diverg. (MACD) -4.07
Trading Signals
Description Value Chart
Upper Bollinger Band 99.43
Parabolic System 97.90
Daily Stochastic Crossing 96.75
Price 95.05
50 Day Moving Average 92.41
20 Day Moving Average 92.29
Weekly Stochastic Crossing 91.35
Lower Bollinger Band 87.33
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Internet Services & Infrastructure 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 97.80
High Date 07/18/2024
Low 94.46
Low Date 07/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.59
Low Date 06/13/2024
High 97.80
High Date 07/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.16
High Date 02/09/2024
Low 87.59
Low Date 06/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.65
Low Date 03/13/2023
High 129.16
High Date 02/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 124.91
High Date 01/27/2021
Low 70.65
Low Date 03/13/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.