RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AKAM
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Akamai Technologies stock price down 0.707% on Tuesday
(Updated on Jun 18, 2024)

Sell candidate since Jun 12, 2024 Gain 0.09% PDF

The Akamai Technologies stock price fell by -0.707% on the last day (Tuesday, 18th Jun 2024) from $89.11 to $88.48. During the last trading day the stock fluctuated 1.88% from a day low at $88.22 to a day high of $89.87. The price has fallen in 7 of the last 10 days and is down by -2.83% for this period. Volume has increased on the last day by 455 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $139.24 million.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.54% during the next 3 months and, with a 90% probability hold a price between $70.22 and $74.66 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AKAM Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.147%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Akamai Technologies stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $89.07 and $93.98. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Akamai Technologies stock

Akamai Technologies finds support from accumulated volume at $88.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.65 (1.88%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AKAM) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Akamai Technologies to open at $88.86, and during the day (based on 14 day Average True Range), to move between $86.70 and $90.26, which gives a possible trading interval of +/-$1.78 (+/-2.01%) up or down from last closing price. If Akamai Technologies takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $88.40 (0.09%) than the resistance at $91.19 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Akamai Technologies stock A Buy?

Akamai Technologies holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.800 Sell Candidate Unchanged

Predicted Opening Price for Akamai Technologies of Thursday, June 20, 2024

Fair opening price June 20, 2024 Current price
$88.86 ( 0.427%) $88.48

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

Trading levels for AKAM

Fibonacci Support & Resistance Levels

Level Price
R3 90.51 2.30%
R2 89.88 1.58%
R1 89.49 1.14%
Price 88.48
S1 88.23 -0.287%
S2 87.84 -0.728%
S3 87.20 -1.44%

Accumulated Volume Support & Resistance Levels

Level Price
R3 102.46 15.80%
R2 94.32 6.60%
R1 91.19 3.06%
Price 88.48
S1 88.40 -0.0904%
S2 88.35 -0.147%
S3 0 -

FAQ

What is the symbol for Akamai Technologies Stock and on which exchange is it traded?
The symbol for Akamai Technologies is AKAM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Akamai Technologies Stock?
Akamai Technologies holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Akamai Technologies Stock?
Akamai Technologies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Akamai Technologies Stock.

What's the current price of Akamai Technologies Stock?
As of the end of day on the Jun 18, 2024, the price of an Akamai Technologies (AKAM) share was $88.48.

What is the 52-week high and low for Akamai Technologies Stock?
The 52-week high for Akamai Technologies Stock is $129.17 and the 52-week low is $86.95.

What is the market capitalization of Akamai Technologies Stock?
As of the Jun 18, 2024, the market capitalization of Akamai Technologies is 13.477B.

When is the next earnings date for Akamai Technologies?
The upcoming earnings date for Akamai Technologies is Aug 13, 2024.
Click to get the best stock tips daily for free!

About Akamai Technologies

Akamai Technologies Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance. It also provides web and mobile performance solutions to ... AKAM Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT