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Stock Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Akanda Corp. (NASDAQ:AKAN)

Long-Term Downtrend (-90) - AKAN is in a strong downtrend that is likely to continue. While AKAN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

NASDAQ_AKAN
Open High Low AKAN Price Change
2.0500 2.0561 1.9400 2.0200 0.0000
Entry Signal

MarketClub’s Trade Triangles for AKAN

long term down The long-term trend has been DOWN since Feb 5th, 2024 at 0.3505

intermediate term down The intermediate-term trend has been DOWN since May 23rd, 2024 at 3.4000

short term down The short-term trend has been DOWN since Jul 12th, 2024 at 2.1601

Smart Scan Analysis for AKAN

Based on our trend formula, AKAN is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for AKAN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.0500 2.0561 1.9400 2.0200 0.0000
Prev. Close Volume Bid Ask Time
2.0300 101073 2024-07-23 15:59:52
52wk High4252wk High Date2023-09-11
52wk Low1.95552wk Low Date2024-07-19
Average Volume219,765Shares Outstanding72
Assets8,839,993MLiabilities12,668,885M
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