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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Akanda Corp. (NASDAQ:AKAN)
Sidelines Mode (+50) - AKAN is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until AKAN can gain momentum.
Is it time to buy, sell, or avoid AKAN?
MarketClub looks at technical strength and momentum to determine if the timing is right for AKAN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for AKAN
The long-term trend has been DOWN since Feb 5th, 2024 at 0.3505
The intermediate-term trend has been UP since Mar 28th, 2024 at 0.2500
The short-term trend has been UP since May 9th, 2024 at 0.0940
Smart Scan Analysis for AKAN
Based on our trend formula, AKAN is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.0909 | 0.0987 | 0.0890 | 0.0935 | +0.0044 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.0891 | 2880230 | 2024-05-09 11:51:11 |
| 52wk High | 1.22 | 52wk High Date | 2023-05-15 |
| 52wk Low | 0.0853 | 52wk Low Date | 2024-04-30 |
| Average Volume | 22,141,307 | Shares Outstanding | 2,890 |
| Assets | 250,001M | Liabilities | 96,281M |