AKAMAI TECHNOLOGIES INC. - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 97.71 USD
My targets
93.24 USD (-1.08%)
86.96 USD (-7.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AKAMAI TECHNOLOGIES INC. as long as the price remains well below 97.71 USD. The sellers' bearish objective is set at 93.24 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 86.96 USD. In case of crossing, the next objective would be the support located at 78.06 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.6
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
AKAMAI TECHNOLOGIES INC. rating 94.26 USD. The price registered an increase of +3.37% on the session with the lowest point at 91.39 USD and the highest point at 94.73 USD. The deviation from the price is +3.14% for the low point and -0.50% for the high point.91.39
94.73
94.26
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 78.06 | 86.96 | 93.24 | 94.26 | 97.71 | 100.27 | 101.64 |
| Change (%) | -17.19% | -7.74% | -1.08% | - | +3.66% | +6.38% | +7.83% |
| Change | -16.20 | -7.30 | -1.02 | - | +3.45 | +6.01 | +7.38 |
| Level | Minor | Minor | Major | - | Minor | Minor | Intermediate |
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 | 85.25 | 87.89 | 89.54 | 92.18 | 93.83 | 96.47 | 98.12 |
| Camarilla | 90.01 | 90.40 | 90.80 | 91.19 | 91.58 | 91.98 | 92.37 |
| Woodie | 84.76 | 87.64 | 89.05 | 91.93 | 93.34 | 96.22 | 97.63 |
| Fibonacci | 87.89 | 89.53 | 90.54 | 92.18 | 93.82 | 94.83 | 96.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.81 | 82.67 | 86.93 | 94.79 | 99.05 | 106.91 | 111.17 |
| Camarilla | 87.86 | 88.97 | 90.08 | 91.19 | 92.30 | 93.41 | 94.52 |
| Woodie | 73.01 | 81.77 | 85.13 | 93.89 | 97.25 | 106.01 | 109.37 |
| Fibonacci | 82.67 | 87.30 | 90.16 | 94.79 | 99.42 | 102.28 | 106.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.35 | 93.68 | 97.31 | 103.64 | 107.27 | 113.60 | 117.23 |
| Camarilla | 98.19 | 99.10 | 100.02 | 100.93 | 101.84 | 102.76 | 103.67 |
| Woodie | 85.99 | 93.01 | 95.95 | 102.97 | 105.91 | 112.93 | 115.87 |
| Fibonacci | 93.68 | 97.49 | 99.84 | 103.64 | 107.45 | 109.80 | 113.60 |
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): | 40.27 | |
| MACD (12,26,9): | -1.8000 | |
| Directional Movement: | -15.96 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 93.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 95.23 | |
| Elder Ray (13): | -0.35 | |
| Super Trend (3,10): | 95.48 | |
| Zig ZAG (10): | 94.51 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 51.31 | |
| TEMA (21): | 92.31 | |
| Williams %R (14): | -3.73 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 1.5600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 12.69 |
| MA7: | 98.98 | |
| MA20: | 100.42 | |
| MA50: | 105.02 | |
| MA100: | 111.57 | |
| MAexp7: | 93.99 | |
| MAexp20: | 95.48 | |
| MAexp50: | 97.90 | |
| MAexp100: | 99.60 | |
| Price / MA7: | -4.77% | |
| Price / MA20: | -6.13% | |
| Price / MA50: | -10.25% | |
| Price / MA100: | -15.51% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | -1.28% | |
| Price / MAexp50: | -3.72% | |
| Price / MAexp100: | -5.36% |
Quotes :
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15 min delayed data
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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:
- AKAMAI REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS
- Akamai Is Named a 2024 Stevie® Award Winner
- Akamai Announces Intent to Acquire API Security Company Noname
- Akamai Helps Organizations Achieve Greater Security with New Zero Trust Platform
- Akamai Announces 2023 Sustainability Report and Microsite
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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