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    Technical Analysis for AKAN - Akanda Corp.

    Grade Last Price % Change Price Change
    F 2.60 -9.41% -0.27
    AKAN closed down 9.41 percent on Friday, May 31, 2024, on 16 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
    3 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Down Down Down
    Historical AKAN trend table...
    Date Alert Name Type % Chg
    Narrow Range Bar Range Contraction 0.00%
    Wide Bands Range Expansion 0.00%
    Down 3 Days in a Row Weakness 0.00%
    Down 4 Days in a Row Weakness 0.00%
    Oversold Stochastic Weakness 0.00%
    1,2,3 Pullback Bullish Bullish Swing Setup -9.41%
    NR7 Range Contraction -9.41%
    Narrow Range Bar Range Contraction -9.41%
    Wide Bands Range Expansion -9.41%
    Down 3 Days in a Row Weakness -9.41%
    Older End-of-Day Signals for AKAN ...

       Recent Intraday Alerts

    Alert Time
    Down 5% 1 day ago
    Down 10% 1 day ago
    Down 3% 2 days ago
    Fell Below Previous Day's Low 2 days ago
    Down 2 % 2 days ago
    View Earlier Intraday Alerts

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    AKAN Chart by TradingView
    Basic chart:

    Profile

    • Earnings date: Unknown
    Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products in the United Kingdom, Lesotho, and internationally. It intends to supply medicinal-grade cannabis biomass, cannabis flower, and cannabis concentrates to wholesalers; and imports and sells medical cannabis-based products in the United Kingdom. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.
    Classification
    Sector: Healthcare
    Industry: Drug Manufacturers - Specialty & Generic
    Keywords: Medicine Health Sciences Cannabis Euphoriants Entheogens Medicinal Plants Herbalism Medical Cannabis Cannabis Products Drug Control Law

    Is AKAN a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 2 bullish, 3 bearish and 0 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    May 23 Akanda shares fall 24% following 1-for-40 reverse stock split
    May 23 Nasdaq Surges Over 100 Points; Nvidia Posts Upbeat Q1 Results
    May 21 Akanda announces 1-for-40 reverse stock split
    May 21 Akanda Announces Stock Consolidation
    May 20 Akanda Announces Closing of Subsequent Registered Direct Offering
    May 17 Akanda announces subsequent registered direct offering
    May 17 Akanda Corp. Announces Subsequent Registered Direct Offering
    May 17 Akanda Announces Closing of Registered Direct Offering
    May 17 Akanda announces registered direct offering priced ATM
    May 17 What's Going On With Cannabis-Producer Akanda's Stock?
    See more AKAN news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 42.0
    52 Week Low 2.33
    Average Volume 1,554,372
    200-Day Moving Average 14.37
    50-Day Moving Average 4.53
    20-Day Moving Average 3.84
    10-Day Moving Average 3.81
    Average True Range 1.70
    RSI (14) 37.11
    ADX 39.29
    +DI 38.10
    -DI 24.92
    Chandelier Exit (Long, 3 ATRs) 18.66
    Chandelier Exit (Short, 3 ATRs) 7.43
    Upper Bollinger Bands 5.83
    Lower Bollinger Band 1.85
    Percent B (%b) 0.19
    BandWidth 103.59
    MACD Line -0.44
    MACD Signal Line -0.33
    MACD Histogram -0.1112
    Fundamentals Value
    Market Cap 15.36 Million
    Num Shares 5.91 Million
    EPS -4.69
    Price-to-Earnings (P/E) Ratio -0.55
    Price-to-Sales 0.48
    Price-to-Book 0.10
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 3.24
    Resistance 3 (R3) 3.29 3.12 3.13
    Resistance 2 (R2) 3.12 2.96 3.10 3.10
    Resistance 1 (R1) 2.86 2.86 2.78 2.81 3.06
    Pivot Point 2.70 2.70 2.65 2.67 2.70
    Support 1 (S1) 2.44 2.53 2.35 2.39 2.14
    Support 2 (S2) 2.27 2.43 2.25 2.10
    Support 3 (S3) 2.01 2.27 2.07
    Support 4 (S4) 1.96