Technical Analysis for AKAN - Akanda Corp.

Grade Last Price % Change Price Change
F 0.10 12.57% 0.01
AKAN closed up 12.57 percent on Friday, April 26, 2024, on 65 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up

Date Alert Name Type % Chg
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Hammer Candlestick Bullish 12.57%
Stochastic Buy Signal Bullish 12.57%
Narrow Range Bar Range Contraction 12.57%
New 52 Week Low Weakness 12.57%
Outside Day Range Expansion 12.57%
Wide Bands Range Expansion 12.57%
Oversold Stochastic Weakness 12.57%
New 52 Week Closing Low Bearish 14.83%

   Recent Intraday Alerts

Alert Time
10 DMA Resistance about 4 hours ago
Up 5% about 4 hours ago
Up 3% about 8 hours ago
Up 2% about 8 hours ago
60 Minute Opening Range Breakout about 9 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 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

Indicators

Indicator Value
52 Week High 2.7
52 Week Low 0.0855
Average Volume 5,226,318
200-Day Moving Average 0.42
50-Day Moving Average 0.18
20-Day Moving Average 0.11
10-Day Moving Average 0.10
Average True Range 0.03
RSI (14) 39.39
ADX 26.78
+DI 28.91
-DI 18.05
Chandelier Exit (Long, 3 ATRs) 0.19
Chandelier Exit (Short, 3 ATRs) 0.16
Upper Bollinger Bands 0.15
Lower Bollinger Band 0.07
Percent B (%b) 0.36
BandWidth 69.64
MACD Line -0.02
MACD Signal Line -0.03
MACD Histogram 0.0026
Fundamentals Value
Market Cap 608.64 Thousand
Num Shares 5.91 Million
EPS -4.69
Price-to-Earnings (P/E) Ratio -0.02
Price-to-Sales 0.48
Price-to-Book 0.10
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.13
Resistance 3 (R3) 0.13 0.12 0.12
Resistance 2 (R2) 0.12 0.11 0.12 0.12
Resistance 1 (R1) 0.11 0.11 0.11 0.11 0.12
Pivot Point 0.10 0.10 0.10 0.10 0.10
Support 1 (S1) 0.09 0.09 0.10 0.10 0.09
Support 2 (S2) 0.08 0.09 0.08 0.08
Support 3 (S3) 0.08 0.08 0.08
Support 4 (S4) 0.08