AKAMAI TECHNOLOGIES INC. - 1H - Technical analysis published on 12/04/2023 (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
61%
6%
33%
My opinion
Bullish above 112.90 USD
My targets
118.31 USD (+2.03%)
121.92 USD (+5.14%)
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 112.90 USD. The next resistance located at 118.31 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 121.92 USD. 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
AKAMAI TECHNOLOGIES INC. rating 115.96 USD. On the day, this instrument lost -0.06% with the lowest point at 115.45 USD and the highest point at 116.88 USD. The deviation from the price is +0.44% for the low point and -0.79% for the high point.115.45
116.88
115.96
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
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
Technical analysis of this 1H chart of AKAMAI TECHNOLOGIES INC. indicates that the overall trend is strongly bullish. 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, 11 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 108.49 | 112.90 | 115.51 | 115.96 | 121.92 |
| Change (%) | -6.44% | -2.64% | -0.39% | - | +5.14% |
| Change | -7.47 | -3.06 | -0.45 | - | +5.96 |
| Level | Major | Major | Intermediate | - | Major |
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 | 112.81 | 113.58 | 114.80 | 115.57 | 116.79 | 117.56 | 118.78 |
| Camarilla | 115.48 | 115.67 | 115.85 | 116.03 | 116.21 | 116.40 | 116.58 |
| Woodie | 113.05 | 113.69 | 115.04 | 115.68 | 117.03 | 117.67 | 119.02 |
| Fibonacci | 113.58 | 114.34 | 114.81 | 115.57 | 116.33 | 116.80 | 117.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.93 | 112.07 | 114.05 | 115.19 | 117.17 | 118.31 | 120.29 |
| Camarilla | 115.17 | 115.46 | 115.74 | 116.03 | 116.32 | 116.60 | 116.89 |
| Woodie | 111.35 | 112.28 | 114.47 | 115.40 | 117.59 | 118.52 | 120.71 |
| Fibonacci | 112.07 | 113.26 | 114.00 | 115.19 | 116.38 | 117.12 | 118.31 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.33 | |
| MACD (12,26,9): | 0.3600 | |
| Directional Movement: | 15.99 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 115.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.00 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 114.58 | |
| Zig ZAG (10): | 115.74 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 61.09 | |
| TEMA (21): | 115.92 | |
| Williams %R (14): | -44.42 | |
| Chande Momentum Oscillator (20): | 0.68 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.75 |
| MA7: | 115.03 | |
| MA20: | 112.57 | |
| MA50: | 108.48 | |
| MA100: | 104.36 | |
| MAexp7: | 115.82 | |
| MAexp20: | 115.46 | |
| MAexp50: | 114.63 | |
| MAexp100: | 113.24 | |
| Price / MA7: | +0.81% | |
| Price / MA20: | +3.01% | |
| Price / MA50: | +6.90% | |
| Price / MA100: | +11.12% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +2.40% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on AKAMAI TECHNOLOGIES INC. at the time of the analysis were 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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