AKAMAI TECHNOLOGIES INC. - Daily - Technical analysis published on 12/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 115.51 USD
My targets
121.92 USD (+2.38%)
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 115.51 USD. The next resistance located at 121.92 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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. price is 119.09 USD. The price registered a decrease of -0.04% on the session and was between 118.92 USD and 119.75 USD. This implies that the price is at +0.14% from its lowest and at -0.55% from its highest.118.92
119.75
119.09
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AKAMAI TECHNOLOGIES INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical analysis of AKAMAI TECHNOLOGIES INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 93.24 | 108.49 | 115.51 | 119.09 | 121.92 |
| Change (%) | -21.71% | -8.90% | -3.01% | - | +2.38% |
| Change | -25.85 | -10.60 | -3.58 | - | +2.83 |
| Level | Major | Major | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.70 | 117.25 | 118.19 | 118.74 | 119.68 | 120.23 | 121.17 |
| Camarilla | 118.73 | 118.87 | 119.00 | 119.14 | 119.28 | 119.41 | 119.55 |
| Woodie | 116.91 | 117.35 | 118.40 | 118.84 | 119.89 | 120.33 | 121.38 |
| Fibonacci | 117.25 | 117.82 | 118.17 | 118.74 | 119.31 | 119.66 | 120.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.13 | 112.14 | 115.64 | 117.65 | 121.15 | 123.16 | 126.66 |
| Camarilla | 117.63 | 118.13 | 118.64 | 119.14 | 119.65 | 120.15 | 120.66 |
| Woodie | 110.88 | 112.51 | 116.39 | 118.02 | 121.90 | 123.53 | 127.41 |
| Fibonacci | 112.14 | 114.25 | 115.55 | 117.65 | 119.76 | 121.06 | 123.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.05 | 98.58 | 107.05 | 111.58 | 120.05 | 124.58 | 133.05 |
| Camarilla | 111.96 | 113.15 | 114.34 | 115.53 | 116.72 | 117.91 | 119.11 |
| Woodie | 96.03 | 99.57 | 109.03 | 112.57 | 122.03 | 125.57 | 135.03 |
| Fibonacci | 98.58 | 103.54 | 106.61 | 111.58 | 116.54 | 119.61 | 124.58 |
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): | 78.10 | |
| MACD (12,26,9): | 2.1800 | |
| Directional Movement: | 29.94 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 118.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 114.52 | |
| Elder Ray (13): | 2.94 | |
| Super Trend (3,10): | 115.05 | |
| Zig ZAG (10): | 119.16 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 86.97 | |
| TEMA (21): | 118.60 | |
| Williams %R (14): | -10.28 | |
| Chande Momentum Oscillator (20): | 3.63 | |
| Repulse (5,40,3): | 1.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 5.52 |
| MA7: | 116.94 | |
| MA20: | 115.40 | |
| MA50: | 110.46 | |
| MA100: | 106.68 | |
| MAexp7: | 117.52 | |
| MAexp20: | 115.28 | |
| MAexp50: | 111.50 | |
| MAexp100: | 106.63 | |
| Price / MA7: | +1.84% | |
| Price / MA20: | +3.20% | |
| Price / MA50: | +7.81% | |
| Price / MA100: | +11.63% | |
| Price / MAexp7: | +1.34% | |
| Price / MAexp20: | +3.30% | |
| Price / MAexp50: | +6.81% | |
| Price / MAexp100: | +11.69% |
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 Named to Environmental, Social, and Governance Stock Indexes
- Hydrolix Joins Akamai Qualified Computing Partner Program
- Akamai and Deloitte Announce Strategic Alliance to Deliver Zero Trust Segmentation and Managed Incident Response
- AKAMAI REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS
- Ransomware Attacks Have Doubled Over the Past Two Years, According to Akamai Research
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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