The Greedy Trader Weekly Analysis
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Akamai Technologies (AKAM)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtMACD bearish divergenceBroken trend resistance lineTrend resistance at 105.54
Daily :The price is above the upper Bollinger Band
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It was a second consecutive positive week for the Akamai Technologies (AKAM). During the week, the AKAM gained 5.38 points, or 5.36%, and closed at 105.80 on Friday, May 29, 2020. Weekly volume was 15% above average.

AKAM is a member of Information Technology Sector. Information Technology is the most overbought sector. 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 uptrend had started on November 20, 2008 at 9.25 and reached 108.25 on April 20, 2020. AKAM gained -99.00 points, or -1070.27%, in 595 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (105.54). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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 108.25 on April 20, 2020. AKAM gained -68.82 points, or -174.54%, in 218 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (69.49) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 9, 2020. This is an indication that the medium-term trend is up. 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 April 29, 2020 at 92.79 and reached 106.26 on May 29, 2020. AKAM gained -13.47 points, or -14.52%, in 30 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 21, 2020. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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) 60.89
Williams' Percentage Range (W%R) 20.70
Lane's Stochastic (%D-Slow) 79.27
Greed/Fear Indicator (GFI) 73.14
Moving Average Converg./Diverg. (MACD) 0.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.52
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 71.80
Greed/Fear Indicator (GFI) 70.62
Moving Average Converg./Diverg. (MACD) 2.80 Bearish
Trading Signals
Description Value Chart
Price 105.80
Yearly Trendline Resistance 105.54
Upper Bollinger Band 105.14
Daily Stochastic Crossing 104.53
Weekly Stochastic Crossing 103.08
20 Day Moving Average 99.40
Quarterly Trendline Resistance 98.44
50 Day Moving Average 97.75
Parabolic System 97.21
Lower Bollinger Band 95.04
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Internet Services & Infrastructure 109
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 92.79
Low Date 04/29/2020
High 106.26
High Date 05/29/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.18
Low Date 03/16/2020
High 108.25
High Date 04/20/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.18
Low Date 01/03/2019
High 108.25
High Date 04/20/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 98.44
Support 69.49
Low 39.43
Low Date 02/09/2016
High 108.25
High Date 04/20/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 105.54
Support 66.15
Low 9.25
Low Date 11/20/2008
High 108.25
High Date 04/20/2020
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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