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.

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.

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.

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.