Akamai Technologies Stock Analysis
Technical stock analysis for Tue 15'th Jan 2019
Akamai Technologies gained 1.20% in the last trading day, rising from $62.69 to $63.44 The price has been going up and down for this period, and there has been a 3.86% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.93 million more shares were traded than the day before. In total, 1.70 million shares bought and sold for approximately $108.15 million.
Close price at the end of the last trading day (Tuesday, 15th Jan 2019) of the AKAM stock was $63.44. This is 1.2% more than the trading day before Monday, 14th Jan 2019.
During day the stock fluctuated 1.77% from a day low at $63.33 to a day high of $64.45.
30 day high of the AKAM stock price was $65.63 and low was $57.18.
90 day high was $73.99 and low was $57.18.
52 week high for the Akamai Technologies - $83.08 and low - $57.18.
Akamai Technologies lies in the middle of a wide and 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 -9.20% during the next 3 months and, with 90% probability hold a price between $50.86 and $61.38 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Akamai Technologies holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $64.35. On a fall, the stock will find some support from the short-term average at $62.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 68 and the stock is currently not being overbought or oversold
Support & Resistance
Akamai Technologies finds support from accumulated volume at $62.05.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.12 (1.77%) between high and low. For the last week, the stock has had a daily average volatility of 1.67%.
Our recommended stoploss: $60.88 (-4.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 8 days ago.)
Very Low Low Medium High Very High
Akamai Technologies holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
|AKAM $63.44 $0.75(1.20%)|
AKAM is up $0.75 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for AKAM based on the 1-3 month system that more than doubles the S&P 500.
Click here – the AKAM analysis is free »