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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.

Open High Low AKAN Price Change
0.5014 0.4900 0.4700 0.4700 -0.0150
Entry Signal

MarketClub’s Trade Triangles for AKAN

long term down The long-term trend has been DOWN since Oct 27th, 2023 at 0.4400

intermediate term up The intermediate-term trend has been UP since Nov 30th, 2023 at 0.4761

short term down 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).

Smart Scan Analysis for AKAN
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.5014 0.4900 0.4700 0.4700 -0.0150
Prev. Close Volume Bid Ask Time
0.4700 22338 2023-12-08 15:46:54
52wk High6.3552wk High Date2023-01-26
52wk Low0.452wk Low Date2023-11-21
Average Volume72,554Shares Outstanding2,890
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