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Akamai Technologies Stock Forecast NASDAQ:AKAM

$112.27 (1.10%)

Volume: 1M

Closed: Dec 07, 2021

Hollow Logo Score: 2.061

Akamai Technologies Stock Forecast

$112.27 (1.10%)

Volume: 1M

Closed: Dec 07, 2021

Score Hollow Logo 2.061
Which way will AKAM go? Request
Stop-loss: $107.88 (-3.91%)
Key Stats
P/E Ratio 30.18
Beta 0.69
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 54 and the stock is currently not being overbought or oversold

Green day on Tuesday for Akamai Technologies
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-06 Gain 1.10%

The Akamai Technologies stock price gained 1.10% on the last trading day (Tuesday, 7th Dec 2021), rising from $111.05 to $112.27. During the day the stock fluctuated 2.00% from a day low at $111.27 to a day high of $113.50. The price has risen in 6 of the last 10 days and is up by 1.54% over the past 2 weeks. Volume fell on the last day by -80 thousand shares and in total, 1 million shares were bought and sold for approximately $143.91 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $114.52 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.45% during the next 3 months and, with a 90% probability hold a price between $105.79 and $117.33 at the end of this 3-month period.

Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, November 29, 2021, and so far it has fallen -1.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Akamai Technologies stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $111.64 and $109.36. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, December 03, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, December 03, 2021 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss

Akamai Technologies finds support from accumulated volume at $110.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.23 between high and low, or 2.00%. For the last week the stock has had a daily average volatility of 2.70%.

Our recommended stop-loss: $107.88 (-3.91%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Is Akamai Technologies stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Akamai Technologies stock to perform well in the short-term.

Current score: 2.061

Predicted Opening Price for Akamai Technologies of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$112.35 $112.27 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 15, 2021 "Oppenheimer" gave "" rating for AKAM. The price target was changed from $109.47 to 1.8%.

Volatility and Risk
Daily Average Volatility: 2.70 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.70 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $112.40
Price: $112.27
Support: $110.87

AKAM Insider Trading Show all Trades

INSIDER POWER

0.481

Last 100 transactions
Buy: 59 394 | Sell: 123 486 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Sell 368 Howell Laura Restricted Stock Units
Dec 02, 2021 Sell 177 Howell Laura Restricted Stock Units
Dec 02, 2021 Sell 109 Howell Laura Common Stock
Dec 02, 2021 Buy 368 Howell Laura Common Stock
Dec 01, 2021 Sell 707 Salem-jackson Kim Restricted Stock Units
Show all Insider Trades
INSIDER POWER

0.481

Last 100 transactions
Buy: 59 394 | Sell: 123 486 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 114.58 2.05 %
113.72 1.30 %
113.20 0.83 %
Current price: 112.27
Support 111.49 -0.69 %
110.97 -1.16 %
110.12 -1.92 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 114.26 1.77 %
112.70 0.38 %
112.40 0.12 %
Current price 112.27
Support 110.87 -1.25%
109.49 -2.48%
107.29 -4.44%

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About Akamai Technologies

Akamai Technologies Akamai Technologies, Inc. provides cloud services for delivering, optimizing, and securing content and business applications over the Internet in the United States and internationally. The company offers performance and security solutions designed to help Websites and business applications operate while offering protection against security threats. It also provides media content delivery solutions that are designed to deliver movies, television s... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

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