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 03/11/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

56%

17%

28%

My opinion

Bearish under 114.33 USD

My targets

106.01 USD (-4.43%)

101.85 USD (-8.18%)

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 114.33 USD. The next support located at 106.01 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 101.85 USD. Below this support, sellers could then target 93.24 USD.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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 110.92 USD. The price is lower by -0.07% since the last closing and was between 110.12 USD and 111.79 USD. This implies that the price is at +0.73% from its lowest and at -0.78% from its highest.

110.12

111.79

110.92

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

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this AKAMAI TECHNOLOGIES INC. chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced 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.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

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	R3
ProTrendLines	93.24	101.85	106.01	110.92	114.33	121.92	128.32
Change (%)	-15.94%	-8.18%	-4.43%	-	+3.07%	+9.92%	+15.69%
Change	-17.68	-9.07	-4.91	-	+3.41	+11.00	+17.40
Level	Major	Intermediate	Major	-	Intermediate	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	106.89	108.65	109.83	111.59	112.77	114.53	115.71
Camarilla	110.19	110.46	110.73	111.00	111.27	111.54	111.81
Woodie	106.59	108.51	109.53	111.45	112.47	114.39	115.41
Fibonacci	108.65	109.78	110.47	111.59	112.72	113.41	114.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	104.97	107.12	109.06	111.21	113.15	115.30	117.24
Camarilla	109.88	110.25	110.63	111.00	111.38	111.75	112.13
Woodie	104.87	107.07	108.96	111.16	113.05	115.25	117.14
Fibonacci	107.12	108.68	109.65	111.21	112.77	113.74	115.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	79.34	92.95	101.94	115.55	124.54	138.15	147.14
Camarilla	104.71	106.78	108.85	110.92	112.99	115.06	117.14
Woodie	77.02	91.80	99.62	114.40	122.22	137.00	144.82
Fibonacci	92.95	101.59	106.92	115.55	124.19	129.52	138.15

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):	43.00
MACD (12,26,9):	-2.1800
Directional Movement:	-4.64
AROON (14):	78.57
DEMA (21):	109.34
Parabolic SAR (0,02-0,02-0,2):	106.97
Elder Ray (13):	-0.26
Super Trend (3,10):	114.81
Zig ZAG (10):	110.94
VORTEX (21):	0.7100
Stochastique (14,3,5):	74.86
TEMA (21):	108.35
Williams %R (14):	-35.94
Chande Momentum Oscillator (20):	3.97
Repulse (5,40,3):	-0.7800
ROCnROLL:	2
TRIX (15,9):	-0.3500
Courbe Coppock:	4.48

MA7:	110.75
MA20:	111.48
MA50:	117.09
MA100:	114.51
MAexp7:	110.80
MAexp20:	112.37
MAexp50:	114.79
MAexp100:	113.04
Price / MA7:	+0.15%
Price / MA20:	-0.50%
Price / MA50:	-5.27%
Price / MA100:	-3.14%
Price / MAexp7:	+0.11%
Price / MAexp20:	-1.29%
Price / MAexp50:	-3.37%
Price / MAexp100:	-1.88%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

Don't forget to follow the news on AKAMAI TECHNOLOGIES INC.. At the time of publication of this analysis, the latest news was as follows:

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

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