Sign In to see current Signals.
Move cursor over the icon to see details.
|It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -1.59 points, or -2.42%, and closed at 64.13 on Friday, February 09, 2018. Weekly volume was 86% above average. |
Long-term trend: [See AKAM long-term trend chart]
A long-term downtrend had started on May 14, 2015 at 78.44 and reached 39.43 on February 9, 2016. AKAM lost 39.01 points, or 49.73%, in 38 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 46.26 and resistance is at 67.23. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on January 11, 2017 at 71.64 and reached 44.65 on August 21, 2017. AKAM lost 26.99 points, or 37.67%, in 31 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (40.14) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since September 8, 2017. 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 February 7, 2018 at 68.65 and reached 61.00 on February 9, 2018. AKAM lost 7.65 points, or 11.14%, in 2 days. The price is now at the 40.92% 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 January 4, 2018. This is an indication that the short-term trend is down.
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.