When Akamai Technologies (AKAM) Moves Investors should Listen
February 23, 2023, 18:30 pm ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AKAM
- Buy AKAM slightly over 72.42 target 81.34 stop loss @ 72.21 Details
The technical summary data tells us to buy AKAM near 72.42 with an upside target of 81.34. This data also tells us to set a stop loss @ 72.21 to protect against excessive loss in case the stock begins to move against the trade. 72.42 is the first level of support below 75.17 , and by rule, any test of support is a buy signal. In this case, support 72.42 would be being tested, so a buy signal would exist.
- Short AKAM slightly under 81.34, target 72.42, stop loss @ 81.57 Details
The technical summary data is suggesting a short of AKAM as it gets near 81.34 with a downside target of 72.42. We should have a stop loss in place at 81.57though. 81.34 is the first level of resistance above 75.17, and by rule, any test of resistance is a short signal. In this case, if resistance 81.34 is being tested, so a short signal would exist.
Swing Trading Plans for AKAM
- Buy AKAM slightly over 78.00, target 81.34, Stop Loss @ 77.77 Details
If 78.00 begins to break higher, the technical summary data tells us to buy AKAM just slightly over 78.00, with an upside target of 81.34. The data also tells us to set a stop loss @ 77.77 in case the stock turns against the trade. 78.00 is the first level of resistance above 75.17, and by rule, any break above resistance is a buy signal. In this case, 78.00, 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 78.00, target 72.66, Stop Loss @ 78.23. Details
The technical summary data is suggesting a short of AKAM if it tests 78.00 with a downside target of 72.66. We should have a stop loss in place at 78.23 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, 78.00, 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 75.87, target 78.00, Stop Loss @ 75.69 Details
If 75.87 begins to break higher, the technical summary data tells us to buy AKAM just slightly over 75.87, with an upside target of 78.00. The data also tells us to set a stop loss @ 75.69 in case the stock turns against the trade. 75.87 is the first level of resistance above 75.17, and by rule, any break above resistance is a buy signal. In this case, 75.87, 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 75.87, target 72.66, Stop Loss @ 76.05. Details
The technical summary data is suggesting a short of AKAM if it tests 75.87 with a downside target of 72.66. We should have a stop loss in place at 76.05 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, 75.87, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Akamai Technologies (AKAM) available here: AKAM.
AKAM Ratings for February 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
72.42 |
| P2 |
71.26 |
72.66 |
81.34 |
| P3 |
75.87 |
78.00 |
89.84 |
AI Generated Signals for AKAM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Akamai Technologies (NASDAQ: AKAM) report below is a real world example. Included are trading plans for AKAM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AKAM:
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