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|It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -3.24 points, or -4.89%, and closed at 63.00 on Friday, October 12, 2018. Weekly volume was 7% above average. |
Long-term trend: [See AKAM long-term trend chart]
A long-term uptrend had started on August 21, 2017 at 44.65 and reached 83.08 on June 21, 2018. AKAM gained -38.43 points, or -86.07%, in 43 weeks. The price is now at the 52.25% retracement level.
Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on June 21, 2018 at 83.08 and reached 61.34 on October 11, 2018. AKAM lost 21.74 points, or 26.17%, in 16 weeks. The price is now at the 7.64% retracement level.
Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since June 22, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively 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 downtrend had started on September 11, 2018 at 77.35 and reached 61.34 on October 11, 2018. AKAM lost 16.01 points, or 20.70%, in 30 days. The price is now at the 10.37% retracement level.
Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since September 18, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 151.61% higher then one year average. It indicates the period of high volatility of the stock price. 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.
Candlestick pattern: [See AKAM candlestick chart pattern]
On Friday the chart has formed a Bullish Ladder Bottom Candlestick pattern. A Bullish Ladder Bottom pattern occurs in a downtrend, it may signal a trend reversal. The reliability of the Bullish Ladder Bottom pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Ladder Bottom Candlestick pattern during the last week.