Technical Analysis for AKAN - Akanda Corp.

Grade Last Price % Change Price Change
F 0.75 3.74% 0.03
AKAN closed up 3.74 percent on Friday, November 1, 2024, on 8 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 3.74%
Lower Bollinger Band Walk Weakness 3.74%
New 52 Week Low Weakness 3.74%

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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 28.4
52 Week Low 0.71
Average Volume 787,692
200-Day Moving Average 4.44
50-Day Moving Average 1.08
20-Day Moving Average 0.95
10-Day Moving Average 0.87
Average True Range 0.10
RSI (14) 28.57
ADX 13.91
+DI 22.58
-DI 25.35
Chandelier Exit (Long, 3 ATRs) 1.10
Chandelier Exit (Short, 3 ATRs) 1.00
Upper Bollinger Bands 1.20
Lower Bollinger Band 0.71
Percent B (%b) 0.08
BandWidth 50.82
MACD Line -0.10
MACD Signal Line -0.08
MACD Histogram -0.0198
Fundamentals Value
Market Cap 4.43 Million
Num Shares 5.91 Million
EPS -4.69
Price-to-Earnings (P/E) Ratio -0.16
Price-to-Sales 0.48
Price-to-Book 0.10
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.79
Resistance 3 (R3) 0.79 0.77 0.79
Resistance 2 (R2) 0.77 0.76 0.77 0.78
Resistance 1 (R1) 0.76 0.75 0.76 0.76 0.78
Pivot Point 0.74 0.74 0.74 0.74 0.74
Support 1 (S1) 0.73 0.73 0.74 0.73 0.72
Support 2 (S2) 0.71 0.72 0.71 0.71
Support 3 (S3) 0.70 0.71 0.71
Support 4 (S4) 0.70