The Greedy Trader Weekly Analysis
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Lane's Stochastic (%D-Slow)

The Lane's Stochastic indicator developed by George Lane is one of the most useful and widely used momentum oscillators in technical analysis. Lane's Stochastic oscillator uses four indicators to combine relative strength with moving average methods. %K is an un-smoothed RSI. %D is a moving average of %K (fast stochastic). %D-Slow is a longer term moving average of %K, and finally %D-Slow (slow stochastic) Moving Avg. is another moving average. Like other overbought oversold oscillators, they are normalized within a scale of 0 to 100. Buy/sell signals are generated by %D stochastic crossover with its moving average above 80%, for overvalued, or below 20%, for undervalued stocks. The divergence between price and indicator is the most important buy/sell stocks trading signal. Lane's Stochastic bullish divergence/bearish divergence should be considered together with other stock market trading alerts, trading indicator and technical trading techniques.

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- 9/22/2023 -
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Akamai Technologies (AKAM) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal line20 Day Moving Average has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the Akamai Technologies (AKAM). During the week, the AKAM gained 3.05 points, or 2.92%, and closed at 107.55 on Friday, September 22, 2023. Weekly volume was 78% 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 downtrend had started on January 27, 2021 at 124.91 and reached 70.65 on March 13, 2023. AKAM lost 54.26 points, or 43.44%, in 110 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 64.86 and resistance is at 121.34. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 70.65 and reached 109.05 on September 20, 2023. AKAM gained -38.40 points, or -54.35%, in 27 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 100.90 and resistance is at 119.15. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 6, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 August 18, 2023 at 99.21 and reached 109.05 on September 20, 2023. AKAM gained -9.84 points, or -9.92%, in 33 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (104.75) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

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

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 5.43% on Friday. It is 57.35% lower than one year average. It indicates the period of low 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.28
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 83.03
Overbought
Greed/Fear Indicator (GFI) 77.61
Moving Average Converg./Diverg. (MACD) 1.92
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.20
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 82.57
Overbought Bearish
Greed/Fear Indicator (GFI) 82.67
Overbought
Moving Average Converg./Diverg. (MACD) 3.70
Trading Signals
Description Value Chart
Yearly Trendline Resistance 121.34
Quarterly Trendline Resistance 119.15
Daily Stochastic Crossing 108.25
Upper Bollinger Band 107.72
Price 107.55
Weekly Trendline Resistance 106.81
Weekly Stochastic Crossing 106.58
20 Day Moving Average 105.12
Weekly Trendline Support 104.75
Parabolic System 103.94
Lower Bollinger Band 101.87
Quarterly Trendline Support 100.90
50 Day Moving Average 100.25
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Internet Services & Infrastructure 95
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 106.63
Low Date 09/19/2023
High 109.05
High Date 09/20/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 106.81
Support 104.75
Low 99.21
Low Date 08/18/2023
High 109.05
High Date 09/20/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.94
Low Date 06/22/2023
High 109.05
High Date 09/20/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 119.15
Support 100.90
Low 70.65
Low Date 03/13/2023
High 109.05
High Date 09/20/2023
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 121.34
Support 64.86
High 124.91
High Date 01/27/2021
Low 70.65
Low Date 03/13/2023
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.