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Internet Software & Svcs Industry Technical Analysis

Archive
- 12/6/2019 -
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Akamai Technologies (AKAM)

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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldBullish Harami Candlestick
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It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -1.87 points, or -2.15%, and closed at 85.25 on Friday, December 6, 2019. Weekly volume was -31% below average.

Long-term trend: [See AKAM long-term trend chart]
A long-term uptrend had started on November 20, 2008 at 9.25 and reached 93.12 on September 6, 2019. AKAM gained -83.87 points, or -906.70%, in 563 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 63.61 and resistance is at 103.00. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 39.43 and reached 93.12 on September 6, 2019. AKAM gained -53.69 points, or -136.17%, in 186 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 65.74 and resistance is at 94.69. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 18, 2019. 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 6, 2019 at 93.12 and reached 83.91 on November 8, 2019. AKAM lost 9.21 points, or 9.89%, in 63 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 82.35 and resistance is at 92.08. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Candlestick pattern: [See AKAM candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.43
Williams' Percentage Range (W%R) 81.40
Oversold
Lane's Stochastic (%D-Slow) 22.30
Greed/Fear Indicator (GFI) 26.78
Moving Average Converg./Diverg. (MACD) -0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.57
Williams' Percentage Range (W%R) 73.60
Lane's Stochastic (%D-Slow) 28.55
Greed/Fear Indicator (GFI) 33.06
Moving Average Converg./Diverg. (MACD) 3.11
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 94.69
Weekly Trendline Resistance 92.08
Upper Bollinger Band 89.50
Parabolic System 88.62
50 Day Moving Average 88.28
20 Day Moving Average 86.56
Weekly Stochastic Crossing 86.56
Daily Stochastic Crossing 85.33
Price 85.25
Lower Bollinger Band 84.02
Weekly Trendline Support 82.35
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Internet Software & Svcs 42
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 83.91
Low Date 11/08/2019
High 89.07
High Date 11/19/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 92.08
Support 82.35
High 93.12
High Date 09/06/2019
Low 83.91
Low Date 11/08/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.18
Low Date 01/03/2019
High 93.12
High Date 09/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 94.69
Support 65.74
Low 39.43
Low Date 02/09/2016
High 93.12
High Date 09/06/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 103.00
Support 63.61
Low 9.25
Low Date 11/20/2008
High 93.12
High Date 09/06/2019
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.

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