AKANDA CORP (AKAN) Stock Technical Analysis
NASDAQ:AKAN - Nasdaq - CA00971M4039 - Common Stock - Currency: USD
Overall AKAN gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. AKAN was also a bad performer in the overall market in the last year.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
95% of all other stocks performed better in the past year than AKAN.
AKAN is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 74% are performing better than AKAN.
AKAN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month AKAN has a been trading in the 1.46 - 1.89 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AKAN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for AKAN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.33
1.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.56 to 1.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.34 to 1.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @1.75 from a horizontal line in the weekly time frame.
- Resistance @1.79 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.09
Mansfield-7.75
10 Day High1.89
10 Day Low1.53
20 Day High1.89
20 Day Low1.46
52 Week High47.52
52 Week Low1.22
Performance
1 Week-4.85%
2 Weeks-2.48%
1 Month7.53%
3 Month4.81%
6 Month-50.94%
12 Month-95.01%
2 Year-99.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)47.79
LBB1.5
UBB1.74
AKANDA CORP
NASDAQ:AKAN (1/30/2025, 8:03:46 PM)
After market: 1.55 -0.02 (-1.27%)1.57
-0.05 (-3.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.09%
1 Week-4.85%
2 Weeks-2.48%
1 Month7.53%
3 Month4.81%
6 Month-50.94%
12 Month-95.01%
2 Year-99.38%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%8.39%
ATR Inc29.47%
Range Today0.13
ADR(20)0.13
ADR(20)%8.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.09
Mansfield-7.75
10 Day High1.89
10 Day Low1.53
20 Day High1.89
20 Day Low1.46
52 Week High47.52
52 Week Low1.22
CS1 End1.56
CR1 Start1.75
Volume & EV
DER(3)7.23%
DER(5)3.14%
Volume63.10K
Volume Incr-20.27%
Vol(5)78.84K
Vol(50)106.41K