AKAMAI TECHNOLOGIES INC. - 1H - Technical analysis published on 07/21/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 93.31 USD
My targets
95.11 USD (+1.18%)
98.88 USD (+5.19%)
My analysis
The bullish trend is currently very strong on AKAMAI TECHNOLOGIES INC.. As long as the price remains above the support at 93.31 USD, you could try to benefit from the boom. The first bullish objective is located at 95.11 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 98.88 USD as an objective. Crossing it would then enable buyers to target 101.78 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 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
7.9
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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. rating is 94.00 USD. The price registered an increase of +4.69% on the session and was between 89.11 USD and 97.49 USD. This implies that the price is at +5.49% from its lowest and at -3.58% from its highest.89.11
97.49
94.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AKAMAI TECHNOLOGIES INC. chart shows a strongly bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 90.09 | 91.86 | 93.31 | 94.00 | 95.11 | 98.88 | 101.78 |
| Change (%) | -4.16% | -2.28% | -0.73% | - | +1.18% | +5.19% | +8.28% |
| Change | -3.91 | -2.14 | -0.69 | - | +1.11 | +4.88 | +7.78 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Minor |
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 | 87.99 | 88.51 | 89.15 | 89.67 | 90.31 | 90.83 | 91.47 |
| Camarilla | 89.47 | 89.58 | 89.68 | 89.79 | 89.90 | 90.00 | 90.11 |
| Woodie | 88.05 | 88.54 | 89.21 | 89.70 | 90.37 | 90.86 | 91.53 |
| Fibonacci | 88.51 | 88.95 | 89.23 | 89.67 | 90.11 | 90.39 | 90.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.53 | 82.72 | 85.56 | 88.75 | 91.59 | 94.78 | 97.62 |
| Camarilla | 86.75 | 87.31 | 87.86 | 88.41 | 88.96 | 89.52 | 90.07 |
| Woodie | 79.37 | 82.63 | 85.40 | 88.66 | 91.43 | 94.69 | 97.46 |
| Fibonacci | 82.72 | 85.02 | 86.44 | 88.75 | 91.05 | 92.47 | 94.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.83 | 77.91 | 84.62 | 93.70 | 100.41 | 109.49 | 116.20 |
| Camarilla | 86.99 | 88.44 | 89.88 | 91.33 | 92.78 | 94.23 | 95.67 |
| Woodie | 67.65 | 77.32 | 83.44 | 93.11 | 99.23 | 108.90 | 115.02 |
| Fibonacci | 77.91 | 83.94 | 87.67 | 93.70 | 99.73 | 103.46 | 109.49 |
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): | 80.24 | |
| MACD (12,26,9): | 1.2300 | |
| Directional Movement: | 47.76 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 92.21 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.46 | |
| Elder Ray (13): | 3.75 | |
| Super Trend (3,10): | 90.66 | |
| Zig ZAG (10): | 94.62 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 59.52 | |
| TEMA (21): | 93.15 | |
| Williams %R (14): | -35.93 | |
| Chande Momentum Oscillator (20): | 4.94 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 6.74 |
| MA7: | 89.32 | |
| MA20: | 91.27 | |
| MA50: | 94.86 | |
| MA100: | 104.56 | |
| MAexp7: | 92.60 | |
| MAexp20: | 90.88 | |
| MAexp50: | 90.01 | |
| MAexp100: | 90.52 | |
| Price / MA7: | +5.24% | |
| Price / MA20: | +2.99% | |
| Price / MA50: | -0.91% | |
| Price / MA100: | -10.10% | |
| Price / MAexp7: | +1.51% | |
| Price / MAexp20: | +3.43% | |
| Price / MAexp50: | +4.43% | |
| Price / MAexp100: | +3.84% |
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 Technologies To Hold Second Quarter 2022 Investor Conference Call On Tuesday, August 9, at 4:30 PM ET
- Akamai Awards $1M in Products and Services to Future of Life Online Challenge Winner Bloomfield Robotics
- Akamai Reveals New Research on Top Three Internet Security Threats
- Akamai Launches New Malware Protection for Uploaded Files
- Akamai Launches First NFT Artwork Dynamically Fueled by the Internet
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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