Technical Analysis for AKAN - Akanda Corp.

Grade Last Price % Change Price Change
F 2.26 -2.16% -0.05
AKAN closed down 2.16 percent on Monday, July 1, 2024, on 4 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 Down

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Bollinger Band Squeeze Range Contraction -2.16%
Narrow Range Bar Range Contraction -2.16%
BB Squeeze Started Range Contraction -2.16%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -5.83%
NR7 Range Contraction -5.83%
Narrow Range Bar Range Contraction -5.83%

   Recent Intraday Alerts

Alert Time
Down 3% about 7 hours ago
Fell Below Previous Day's Low about 7 hours ago
Down 2 % about 7 hours ago
Down 1% about 7 hours ago
10 DMA Support 3 days 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 42.0
52 Week Low 2.12
Average Volume 1,640,198
200-Day Moving Average 12.33
50-Day Moving Average 3.27
20-Day Moving Average 2.41
10-Day Moving Average 2.32
Average True Range 0.58
RSI (14) 38.65
ADX 26.7
+DI 28.66
-DI 17.94
Chandelier Exit (Long, 3 ATRs) 1.34
Chandelier Exit (Short, 3 ATRs) 3.87
Upper Bollinger Bands 2.68
Lower Bollinger Band 2.14
Percent B (%b) 0.23
BandWidth 22.56
MACD Line -0.33
MACD Signal Line -0.39
MACD Histogram 0.0648
Fundamentals Value
Market Cap 13.35 Million
Num Shares 5.91 Million
EPS -4.69
Price-to-Earnings (P/E) Ratio -0.48
Price-to-Sales 0.48
Price-to-Book 0.10
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 2.41
Resistance 3 (R3) 2.41 2.36 2.39
Resistance 2 (R2) 2.36 2.32 2.36 2.38
Resistance 1 (R1) 2.31 2.30 2.29 2.31 2.37
Pivot Point 2.26 2.26 2.25 2.26 2.26
Support 1 (S1) 2.21 2.22 2.19 2.21 2.15
Support 2 (S2) 2.16 2.20 2.16 2.14
Support 3 (S3) 2.11 2.16 2.14
Support 4 (S4) 2.11