VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
Bullish vs. Bearish (2 opinions)
100%
0%
Social Sentiment 0.00

AKAM Forecast and Technical Stock Analysis

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Hold candidate since 2019-07-18 Loss -0.06%

Akamai Technologies fell by -0.06% in the last day ( Friday, 19th Jul 2019 ) from $83.50 to $83.45 and has now fallen 3 days in a row. During the day the stock fluctuated 1.63% from a day low at $83.38 to a day high of $84.74. The price has risen in 6 of the last 10 days and is up by 2.14% over the past 2 weeks. Volume has increased in the last day by 0.43 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.65 million shares bought and sold for approximately $137.94 million.

Quick summary:

  • 30 day high of the AKAM stock price was $84.74 and low was $77.40.
  • 90 day high was $86.19 and low was $73.19.
  • 52 week high for Akamai Technologies - $86.19 and low - $57.18.
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Trend

Akamai Technologies lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.93% during the next 3 months and, with 90% probability hold a price between $80.72 and $90.33 at the end of this period.

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Signals

Akamai Technologies holds buy signals from both short- and long-term moving averages. In addition, 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 $83.20 and $79.85. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

The stock holds a RSI14 at 81 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Akamai Technologies finds support from accumulated volume at $81.04.

Support: $81.04 Price: $83.45 Resistance: $83.47

Risk

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 $1.36 (1.63%) between high and low. For the last week, the stock has had daily average volatility of 1.35%.

Our recommended stop-loss: $81.11 (-2.81%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from pivot top found 2 day(s) ago.)

1.35 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

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 further development.

Previous Hold Today AKAM ranks #1754 as HOLD CANDIDATE #1754 Next Hold

Will AKAM stock price go up or down on Tue, 23 Jul 2019?

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