Stock Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Akanda Corp. (NASDAQ:AKAN)
Sidelines Mode (-55) - AKAN is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for AKAN
The long-term trend has been DOWN since Oct 27th, 2023 at 0.4400
The intermediate-term trend has been UP since Nov 30th, 2023 at 0.4761
The short-term trend has been DOWN since Dec 8th, 2023 at 0.4850
Smart Scan Analysis for AKAN
Based on our trend formula, AKAN is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||6.35||52wk High Date||2023-01-26|
|52wk Low||0.4||52wk Low Date||2023-11-21|
|Average Volume||72,554||Shares Outstanding||2,890|