AKAMAI TECHNOLOGIES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	AKAM
ISIN:

AKAMAI TECHNOLOGIES INC. - Daily - Technical analysis published on 11/10/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 101.85 USD

My targets

115.51 USD (+5.31%)

121.92 USD (+11.15%)

My analysis

AKAMAI TECHNOLOGIES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 101.85 USD. The next resistance located at 115.51 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 121.92 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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.

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Additional analysis

Quotes

The AKAMAI TECHNOLOGIES INC. price is 109.69 USD. On the day, this instrument lost -0.09% and was between 109.53 USD and 110.68 USD. This implies that the price is at +0.15% from its lowest and at -0.89% from its highest.

109.53

110.68

109.69

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this AKAMAI TECHNOLOGIES INC. chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	93.24	101.85	108.49	109.69	115.51	121.92
Change (%)	-15.00%	-7.15%	-1.09%	-	+5.31%	+11.15%
Change	-16.45	-7.84	-1.20	-	+5.82	+12.23
Level	Major	Intermediate	Major	-	Minor	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	107.39	108.28	109.03	109.92	110.67	111.56	112.31
Camarilla	109.34	109.49	109.64	109.79	109.94	110.09	110.24
Woodie	107.33	108.25	108.97	109.89	110.61	111.53	112.25
Fibonacci	108.28	108.90	109.29	109.92	110.54	110.93	111.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	97.14	99.42	103.96	106.24	110.78	113.06	117.60
Camarilla	106.63	107.25	107.88	108.50	109.13	109.75	110.38
Woodie	98.27	99.99	105.09	106.81	111.91	113.63	118.73
Fibonacci	99.42	102.03	103.64	106.24	108.85	110.46	113.06

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.80	96.47	99.90	104.57	108.00	112.67	116.10
Camarilla	101.10	101.85	102.59	103.33	104.07	104.82	105.56
Woodie	91.18	96.16	99.28	104.26	107.38	112.36	115.48
Fibonacci	96.47	99.56	101.48	104.57	107.66	109.58	112.67

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	63.64
MACD (12,26,9):	1.0500
Directional Movement:	12.07
AROON (14):	64.28
DEMA (21):	107.85
Parabolic SAR (0,02-0,02-0,2):	102.99
Elder Ray (13):	2.74
Super Trend (3,10):	104.53
Zig ZAG (10):	109.60
VORTEX (21):	1.0400
Stochastique (14,3,5):	82.86
TEMA (21):	108.45
Williams %R (14):	-21.15
Chande Momentum Oscillator (20):	6.95
Repulse (5,40,3):	-0.6700
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	6.44

MA7:	108.72
MA20:	105.91
MA50:	106.04
MA100:	100.81
MAexp7:	108.52
MAexp20:	106.77
MAexp50:	105.02
MAexp100:	101.29
Price / MA7:	+0.89%
Price / MA20:	+3.57%
Price / MA50:	+3.44%
Price / MA100:	+8.81%
Price / MAexp7:	+1.08%
Price / MAexp20:	+2.73%
Price / MAexp50:	+4.45%
Price / MAexp100:	+8.29%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on AKAMAI TECHNOLOGIES INC. at the time of the analysis were as follows:

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

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