Technical Analysis for AKAN - Akanda Corp.

Grade Last Price % Change Price Change
C 1.23 -2.38% -0.03
AKAN closed down 2.38 percent on Monday, May 16, 2022, on approximately normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A N/A Down

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish -2.38%
Calm After Storm Range Contraction -2.38%
Narrow Range Bar Range Contraction -2.38%
NR7 Range Contraction -2.38%
Lower Bollinger Band Walk Weakness -2.38%
Inside Day Range Contraction -2.38%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
2x Volume Pace about 11 hours ago
1.5x Volume Pace about 11 hours ago
Up 5% about 11 hours ago
Up 3% about 11 hours ago
Up 10% about 11 hours ago

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Profile

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

Is AKAN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 31.0
52 Week Low 1.06
Average Volume 883,217
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 7.20
10-Day Moving Average 4.38
Average True Range 1.40
RSI 20.63
ADX 26.16
+DI 16.71
-DI 34.97
Chandelier Exit (Long, 3 ATRs) 8.10
Chandelier Exit (Short, 3 ATRs) 5.26
Upper Bollinger Bands 15.04
Lower Bollinger Band -0.64
Percent B (%b) 0.12
BandWidth 217.64
MACD Line -2.07
MACD Signal Line -1.16
MACD Histogram -0.9121
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.61
Resistance 3 (R3) 1.63 1.53 1.54
Resistance 2 (R2) 1.53 1.43 1.52 1.52
Resistance 1 (R1) 1.38 1.38 1.46 1.36 1.50
Pivot Point 1.28 1.28 1.32 1.27 1.28
Support 1 (S1) 1.13 1.18 1.21 1.11 0.96
Support 2 (S2) 1.03 1.13 1.02 0.94
Support 3 (S3) 0.88 1.03 0.92
Support 4 (S4) 0.86