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|It was a first positive week for the Akamai Technologies (AKAM). During the week, the AKAM climbed 0.05 points, or 0.07%, and closed at 74.66 on Friday, August 10, 2018. Weekly volume was -6% below 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 chart has formed a Rising Wedge chart pattern. The uptrend support line (75.36) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.
Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on June 21, 2018 at 83.08 and reached 69.38 on August 1, 2018. AKAM lost 13.70 points, or 16.49%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 68.84 and resistance is at 80.54. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling 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 June 22, 2018. This is an indication that the medium-term trend is down. 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 27, 2018 at 81.24 and reached 69.38 on August 1, 2018. AKAM lost 11.86 points, or 14.60%, in 5 days. The price is now at the 44.52% retracement level.
Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since July 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.