AKAMAI TECHNOLOGIES INC. - Daily - Technical analysis published on 04/08/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 115.51 USD
My targets
101.85 USD (-4.06%)
93.24 USD (-12.17%)
My analysis
AKAMAI TECHNOLOGIES INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 115.51 USD. The next support located at 101.85 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 93.24 USD. Below this support, sellers could then target 86.96 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AKAMAI TECHNOLOGIES INC. rating is 106.16 USD. The price is lower by -0.08% since the last closing with the lowest point at 105.62 USD and the highest point at 106.69 USD. The deviation from the price is +0.51% for the low point and -0.50% for the high point.105.62
106.69
106.16
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this AKAMAI TECHNOLOGIES INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 86.96 | 93.24 | 101.85 | 106.16 | 107.10 | 115.51 | 121.92 |
| Change (%) | -18.09% | -12.17% | -4.06% | - | +0.89% | +8.81% | +14.85% |
| Change | -19.20 | -12.92 | -4.31 | - | +0.94 | +9.35 | +15.76 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.62 | 105.20 | 105.72 | 106.30 | 106.82 | 107.40 | 107.92 |
| Camarilla | 105.94 | 106.04 | 106.14 | 106.24 | 106.34 | 106.44 | 106.54 |
| Woodie | 104.59 | 105.19 | 105.69 | 106.29 | 106.79 | 107.39 | 107.89 |
| Fibonacci | 105.20 | 105.62 | 105.88 | 106.30 | 106.72 | 106.98 | 107.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.49 | 103.13 | 104.69 | 107.33 | 108.89 | 111.53 | 113.09 |
| Camarilla | 105.09 | 105.47 | 105.86 | 106.24 | 106.63 | 107.01 | 107.40 |
| Woodie | 99.94 | 102.86 | 104.14 | 107.06 | 108.34 | 111.26 | 112.54 |
| Fibonacci | 103.13 | 104.74 | 105.73 | 107.33 | 108.94 | 109.93 | 111.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 99.38 | 103.09 | 105.93 | 109.64 | 112.48 | 116.19 | 119.03 |
| Camarilla | 106.96 | 107.56 | 108.16 | 108.76 | 109.36 | 109.96 | 110.56 |
| Woodie | 98.94 | 102.87 | 105.49 | 109.42 | 112.04 | 115.97 | 118.59 |
| Fibonacci | 103.09 | 105.60 | 107.14 | 109.64 | 112.15 | 113.69 | 116.19 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.59 | |
| MACD (12,26,9): | -1.5000 | |
| Directional Movement: | -12.46 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 106.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.87 | |
| Elder Ray (13): | -1.55 | |
| Super Trend (3,10): | 110.98 | |
| Zig ZAG (10): | 106.18 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 8.29 | |
| TEMA (21): | 106.50 | |
| Williams %R (14): | -88.49 | |
| Chande Momentum Oscillator (20): | -3.45 | |
| Repulse (5,40,3): | -1.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 3.26 |
| MA7: | 107.27 | |
| MA20: | 108.30 | |
| MA50: | 113.17 | |
| MA100: | 114.94 | |
| MAexp7: | 107.00 | |
| MAexp20: | 108.43 | |
| MAexp50: | 111.18 | |
| MAexp100: | 111.47 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -1.98% | |
| Price / MA50: | -6.19% | |
| Price / MA100: | -7.64% | |
| Price / MAexp7: | -0.79% | |
| Price / MAexp20: | -2.09% | |
| Price / MAexp50: | -4.52% | |
| Price / MAexp100: | -4.76% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on AKAMAI TECHNOLOGIES INC. at the time of the generation of this analysis was as follows:
- Akamai Research Finds 29% of Web Attacks Target APIs
- Akamai and Neural Magic Partner to Accelerate Deep Learning AI
- Scaleflex Joins Akamai Qualified Computing Partner Program
- DDoS Attacks on Financial Services Industry Up 154%, According to New FS-ISAC/Akamai Report
- Akamai Unveils New Capabilities in App & API Protector to Strengthen and Simplify Security Defenses
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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