When the Price of Akamai Technologies $AKAM Talks, People Listen
May 21, 2023, 14:00 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AKAM
- Buy AKAM slightly over 81.77 target 89.97 stop loss @ 81.53 Details
The technical summary data tells us to buy AKAM near 81.77 with an upside target of 89.97. This data also tells us to set a stop loss @ 81.53 to protect against excessive loss in case the stock begins to move against the trade. 81.77 is the first level of support below 87.27 , and by rule, any test of support is a buy signal. In this case, support 81.77 is being tested, a buy signal would exist.
- Short AKAM slightly under 89.97, target 81.77, stop loss @ 90.23 Details
The technical summary data is suggesting a short of AKAM as it gets near 89.97 with a downside target of 81.77. We should have a stop loss in place at 90.23though. 89.97 is the first level of resistance above 87.27, and by rule, any test of resistance is a short signal. In this case, if resistance 89.97 is being tested, a short signal would exist.
Swing Trading Plans for AKAM
- Buy AKAM slightly over 87.79, target 89.97, Stop Loss @ 87.54 Details
If 87.79 begins to break higher, the technical summary data tells us to buy AKAM just slightly over 87.79, with an upside target of 89.97. The data also tells us to set a stop loss @ 87.54 in case the stock turns against the trade. 87.79 is the first level of resistance above 87.27, and by rule, any break above resistance is a buy signal. In this case, 87.79, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AKAM slightly near 87.79, target 81.77, Stop Loss @ 88.04. Details
The technical summary data is suggesting a short of AKAM if it tests 87.79 with a downside target of 81.77. We should have a stop loss in place at 88.04 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 87.79, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AKAM
- Buy AKAM slightly over 87.58, target 87.79, Stop Loss @ 87.38 Details
If 87.58 begins to break higher, the technical summary data tells us to buy AKAM just slightly over 87.58, with an upside target of 87.79. The data also tells us to set a stop loss @ 87.38 in case the stock turns against the trade. 87.58 is the first level of resistance above 87.27, and by rule, any break above resistance is a buy signal. In this case, 87.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AKAM slightly near 87.58, target 81.77, Stop Loss @ 87.78. Details
The technical summary data is suggesting a short of AKAM if it tests 87.58 with a downside target of 81.77. We should have a stop loss in place at 87.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 87.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
This is a snapshot. Real Time Updates are available on our AKAM Page.
AKAM Ratings for May 21:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Weak |
| P1 |
0 |
0 |
73.10 |
| P2 |
87.58 |
87.79 |
81.77 |
| P3 |
88.21 |
91.16 |
89.97 |
Support and Resistance Plot Chart for AKAM
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Akamai Technologies (NASDAQ: AKAM) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for AKAM can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AKAM:
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