AKAMAI TECHNOLOGIES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	AKAM
ISIN:

AKAMAI TECHNOLOGIES INC. - Daily - Technical analysis published on 04/17/2024 (GMT)

Londinia

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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

17%

61%

22%

My opinion

Bearish under 107.05 USD

My targets

93.24 USD (-7.92%)

86.96 USD (-14.12%)

My analysis

The bearish trend is currently very strong for AKAMAI TECHNOLOGIES INC.. As long as the price remains below the resistance at 107.05 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 93.24 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 86.96 USD as an objective. Crossing it would then enable sellers to target 78.06 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AKAMAI TECHNOLOGIES INC. price is 101.26 USD. The price is lower by -0.07% since the last closing and was traded between 101.14 USD and 102.25 USD over the period. The price is currently at +0.12% from its lowest and -0.97% from its highest.

101.14

102.25

101.26

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by AKAMAI TECHNOLOGIES INC.:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of AKAMAI TECHNOLOGIES INC. in Daily shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	78.06	86.96	93.24	101.26	101.85	107.05	115.51
Change (%)	-22.91%	-14.12%	-7.92%	-	+0.58%	+5.72%	+14.07%
Change	-23.20	-14.30	-8.02	-	+0.59	+5.79	+14.25
Level	Minor	Minor	Major	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	99.56	100.32	100.82	101.58	102.08	102.84	103.34
Camarilla	100.98	101.10	101.22	101.33	101.45	101.56	101.68
Woodie	99.44	100.26	100.70	101.52	101.96	102.78	103.22
Fibonacci	100.32	100.80	101.10	101.58	102.06	102.36	102.84

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.08	100.01	101.74	104.67	106.40	109.33	111.06
Camarilla	102.19	102.62	103.04	103.47	103.90	104.32	104.75
Woodie	96.48	99.71	101.14	104.37	105.80	109.03	110.46
Fibonacci	100.01	101.79	102.89	104.67	106.45	107.55	109.33

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	30.33
MACD (12,26,9):	-2.2600
Directional Movement:	-19.39
AROON (14):	-85.72
DEMA (21):	102.95
Parabolic SAR (0,02-0,02-0,2):	105.00
Elder Ray (13):	-2.94
Super Trend (3,10):	107.09
Zig ZAG (10):	101.45
VORTEX (21):	0.7700
Stochastique (14,3,5):	3.35
TEMA (21):	102.39
Williams %R (14):	-96.69
Chande Momentum Oscillator (20):	-7.96
Repulse (5,40,3):	-2.5800
ROCnROLL:	2
TRIX (15,9):	-0.2400
Courbe Coppock:	9.77

MA7:	103.62
MA20:	106.50
MA50:	110.30
MA100:	114.35
MAexp7:	103.17
MAexp20:	105.82
MAexp50:	109.29
MAexp100:	110.43
Price / MA7:	-2.28%
Price / MA20:	-4.92%
Price / MA50:	-8.20%
Price / MA100:	-11.45%
Price / MAexp7:	-1.85%
Price / MAexp20:	-4.31%
Price / MAexp50:	-7.35%
Price / MAexp100:	-8.30%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on AKAMAI TECHNOLOGIES INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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