What is AKAM looking like

Akamai Technologies (AKAM) is currently exhibiting a mixed technical picture with a slightly bearish trend: 1. **Price Movement**: The closing price of AKAM on August 9, 2024, was $101.51, with a trading volume of 6.54 million shares. This indicates active trading but does not provide a clear directional signal. |Ticker|Name|Date|Closing Price|Trading Volume|code|market_code| |---|---|---|---|---|---|---| |AKAM.O|Akamai Technologies|20240809|101.51|6536607|AKAM|185| 2. **Technical Levels**: The support level is at $90.25, and the resistance level is at $93.01. The proximity of the closing price to the resistance level suggests that breaking through this level could be significant for future price movement. |Ticker|Name|Date|Resistance Level (Narrow)|Support Level (Narrow)|code|market_code| |---|---|---|---|---|---|---| |AKAM.O|Akamai Technologies|20240808|93.006|90.2499|AKAM|185| 3. **Moving Averages**: The 5-day moving average is $93.87, the 10-day is $95.28, and the 20-day is $95.78. The short-term moving averages are slightly above the long-term averages, indicating a potential upward trend in the short term. 4. **Fund Flow**: The net fund flow (extra-large order) is $0, and the net fund flow (block order) is -$85.5 million. This suggests a significant outflow of funds, which could be a bearish signal for the stock. |Ticker|Name|Date|Net Fund Flow (Block Order)|Net Fund Flow (Extra-large Order)|code|market_code| |---|---|---|---|---|---|---| |AKAM.O|Akamai Technologies|20240809|-8.5495314E7|0|AKAM|185| In conclusion, while AKAM is trading above its support level, the mixed signals from the moving averages and the substantial fund outflow could indicate a stock in a holding pattern or with potential for further downward movement if the resistance level is not overcome.