VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will AKAM stock price go up or down on Thu, 23 May 2019?

Predict

Akamai Technologies Forecast and Stock Analysis

Technical AKAM stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-22
Shorts n/a
Insider % n/a
Institutional % n/a
Beta 1.22
ROA 7.13%
Price to book USD 3.84
P/E Ratio 36.98
Next Earnings Date 2019-07-28


Akamai Technologies gained 1.59% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $77.90 to $79.14 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 2.27% from a day low at $77.53 to a day high of $79.29. The price has risen in 6 of the last 10 days and is up by 2.82% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.42 million more shares were traded than the day before. In total, 1.12 million shares bought and sold for approximately $89.03 million.

Quick summary:

  • 30 day high of the AKAM stock price was $86.19 and low was $74.06.
  • 90 day high was $86.19 and low was $67.28.
  • 52 week high for the Akamai Technologies - $86.19 and low - $57.18.

Trend

Akamai Technologies lies in the middle of a wide and strong 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 13.24% during the next 3 months and, with 90% probability hold a price between $85.57 and $94.49 at the end of this period.

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Signals

Only positive signals in the chart today. 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 $77.39 and $77.00. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 13, 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.

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Relative Strength Index (RSI)

RSI14 is 46 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Akamai Technologies finds support from accumulated volume at $78.96.

Support: $78.96 Price: $79.14 Resistance: $80.06

Risk

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 $1.76 (2.27%) between high and low. For the last week, the stock has had a daily average volatility of 1.75%.

Our recommended stoploss: $75.43 (-4.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)

1.75 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Akamai Technologies holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Strong Buy Candidate Upgraded
Weaker Buy Today AKAM ranks #83 as BUY CANDIDATE #83 Stronger Buy
AKAM $79.14 ($1.24 1.59%)
AKAM is up $1.24 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.

This report is free today for StockInvest.us readers.

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Will AKAM stock price go up or down
on Thu, 23 May 2019?

Predict

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