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Daily W%R:< 10
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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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- 3/15/2024 -
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Akamai Technologies (AKAM) Technical Analysis

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Summary:
Weekly :Overbought sectorOversold industryLane's Stochastic is oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandLane's Stochastic is oversoldBroken trend support line
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It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -3.75 points, or -3.38%, and closed at 107.25 on Friday, March 15, 2024. Weekly volume was 30% above average.

AKAM is a member of Information Technology Sector. Information Technology is the second most overbought sector. AKAM is a member of Internet Services & Infrastructure Industry. Internet Services & Infrastructure is the eighth most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AKAM long-term trend chart]
A long-term downtrend had started on January 27, 2021 at 124.91 and reached 70.65 on March 13, 2023. AKAM lost 54.26 points, or 43.44%, in 110 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 59.68 and resistance is at 120.70. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on February 9, 2024 at 129.16 and reached 106.57 on February 22, 2024. AKAM lost 22.59 points, or 17.49%, in 1 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 February 22, 2024 at 106.57 and reached 113.36 on March 8, 2024. AKAM gained -6.79 points, or -6.37%, in 15 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (111.37) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AKAM may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is above its signal line since March 6, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.28
Williams' Percentage Range (W%R) 74.80
Lane's Stochastic (%D-Slow) 18.38
Oversold
Greed/Fear Indicator (GFI) 30.28
Moving Average Converg./Diverg. (MACD) -2.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.01
Williams' Percentage Range (W%R) 74.50
Lane's Stochastic (%D-Slow) 19.48
Oversold
Greed/Fear Indicator (GFI) 28.40
Moving Average Converg./Diverg. (MACD) 4.96
Trading Signals
Description Value Chart
Yearly Trendline Resistance 120.70
50 Day Moving Average 116.37
Weekly Trendline Resistance 115.96
Upper Bollinger Band 114.26
Parabolic System 113.22
Weekly Trendline Support 111.37
20 Day Moving Average 109.23
Weekly Stochastic Crossing 109.02
Lower Bollinger Band 108.31
Daily Stochastic Crossing 107.91
Price 107.25
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Internet Services & Infrastructure 8
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.36
High Date 03/08/2024
Low 107.15
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 115.96
Support 111.37
Low 106.57
Low Date 02/22/2024
High 113.36
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 129.16
High Date 02/09/2024
Low 106.57
Low Date 02/22/2024
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 Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 120.70
Support 59.68
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.