AKAM stock: buy or sell
Jun 22nd, 2021
AKAM stock brief
- Akamai stock inched 1.04% to close at $115.82 on the stock market on Monday.
- Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally.
Should I buy Akamai stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $AKAM stock a buy?
Currently, Akamai stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $AKAM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Akamai stock?
Do you know when is it time to sell Akamai stock?. As when we have to buy shares, determining when is appropiate to sell is not a whimsy decision, and we must adhere our own trading style. Our trading system selects very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for shorting Akamai stock
As a rule of thumb, you should never hold an investment that results in losses greater than those expected upon the buy. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Akamai stock?
Currently, Akamai stock doesn't match any of our preferred sell setups, so if you own Akamai stock and your operation is in profit probably is not time to sell now
We don't have any rating posted in the previous month for Akamai
Akamai stock analysis
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price surpassed the upper band on June 11, the price has been corrected downwards by 2.92%. The price is moving near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks. The price is moving very close to the lower Bollinger band, indicating some level of oversold in recent sessions. This is not a buy point, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on June 14 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 54.29. Since then, Akamai price fell a 2.22%
Akamai stock price history
Akamai IPO was on Oct 29th, 1999 priced at $110.00 per share1. Since then, AKAM stock has risen by 5.29%, with an average of 0.25% per year. An investment of $1,000USD on the IPO would worth $1,052.91 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Akamai stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial information by the company, and many times. If you are a small trader you must not trade based on these forecasts.
In the previous month we couldn't find any price target published for Akamai stock.
Earnings and financials
In early May, Akamai Technologies, Inc. ($AKAM) reported adjusted EPS for that slightly surpassed Wall St. expectations. Quarterly EPS was $1.38 per share from an estimated $1.30. This quarterly report represents an earnings surprise of 6.15%. On the contrary, reported sales were $842.7 million, consistent with the market estimates.This compares to Earnings of $1.20 per share same quarter last year, so current EPS is an increase of 15.00%. Sales rose a 10.26% on an annualized basis in the , from $7.6B to $8.4B last quarter.
AKAM ($AKAM) will host the Q2 earnings call late next July. Market predicts of $1.38, compared to previous quarter that was $1.38.
Disclaimer:The thoughts contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the specific positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are published for learning purposes only
|Monday, June 21st, 2021|
|Day range||$114.62 - $116.07|
|Average true range||$1.92|
|50d mov avg||$111.72|
|100d mov avg||$106.80|
|200d mov avg||$106.37|
|Earnings date||July 27th, 2021|