AKAMAI TECHNOLOGIES INC. - 1H - Technical analysis published on 11/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 108.49 USD
My targets
115.51 USD (+3.09%)
121.92 USD (+8.81%)
My analysis
The bullish trend is currently very strong on AKAMAI TECHNOLOGIES INC.. As long as the price remains above the support at 108.49 USD, you could try to benefit from the boom. The first bullish objective is located at 115.51 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 121.92 USD as an objective. 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.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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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 112.05 USD. The price registered a decrease of -0.06% on the session and was traded between 111.79 USD and 112.79 USD over the period. The price is currently at +0.23% from its lowest and -0.66% from its highest.111.79
112.79
112.05
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
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. 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 105.87 | 108.49 | 111.80 | 112.05 | 115.51 | 121.92 |
| Change (%) | -5.52% | -3.18% | -0.22% | - | +3.09% | +8.81% |
| Change | -6.18 | -3.56 | -0.25 | - | +3.46 | +9.87 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 110.47 | 110.93 | 111.52 | 111.98 | 112.57 | 113.03 | 113.62 |
| Camarilla | 111.83 | 111.93 | 112.02 | 112.12 | 112.22 | 112.31 | 112.41 |
| Woodie | 110.55 | 110.96 | 111.60 | 112.01 | 112.65 | 113.06 | 113.70 |
| Fibonacci | 110.93 | 111.33 | 111.58 | 111.98 | 112.38 | 112.63 | 113.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.13 | 105.87 | 108.32 | 110.06 | 112.51 | 114.25 | 116.70 |
| Camarilla | 109.62 | 110.00 | 110.39 | 110.77 | 111.15 | 111.54 | 111.92 |
| Woodie | 104.49 | 106.05 | 108.68 | 110.24 | 112.87 | 114.43 | 117.06 |
| Fibonacci | 105.87 | 107.47 | 108.46 | 110.06 | 111.66 | 112.65 | 114.25 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.19 | |
| MACD (12,26,9): | 0.5200 | |
| Directional Movement: | 13.71 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 112.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 111.32 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 110.61 | |
| Zig ZAG (10): | 112.06 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 60.33 | |
| TEMA (21): | 112.35 | |
| Williams %R (14): | -52.48 | |
| Chande Momentum Oscillator (20): | -0.24 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.80 |
| MA7: | 110.73 | |
| MA20: | 106.62 | |
| MA50: | 106.49 | |
| MA100: | 101.52 | |
| MAexp7: | 112.11 | |
| MAexp20: | 111.69 | |
| MAexp50: | 110.42 | |
| MAexp100: | 108.82 | |
| Price / MA7: | +1.19% | |
| Price / MA20: | +5.09% | |
| Price / MA50: | +5.22% | |
| Price / MA100: | +10.37% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +1.48% | |
| Price / MAexp100: | +2.97% |
Quotes :
-
15 min delayed data
-
NASDAQ Stocks
News
The last news published on AKAMAI TECHNOLOGIES INC. at the time of the generation of this analysis was as follows:
- 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
- Akamai Strengthens DDoS Protection with Launch of Canadian Scrubbing Centers
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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