Technical Analysis for AKT.A - Akita Drilling Ltd.

Grade Last Price % Change Price Change
B 1.590 -4.22% -0.070
AKT.A closed up 3.11 percent on Thursday, November 14, 2024, on 31 percent of normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Down

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish -4.22%
Hammer Candlestick Bullish -4.22%
Lizard Bullish Bullish Day Trade Setup -4.22%
Wide Range Bar Range Expansion -4.22%
Outside Day Range Expansion -4.22%
Gapped Up Strength -4.22%
Lower Bollinger Band Touch Weakness -4.22%
20 DMA Resistance Bearish -1.24%
Fell Below 20 DMA Bearish -1.24%
NR7 Range Contraction -1.24%

   Recent Intraday Alerts

Alert Time
Lower Bollinger Band Support about 2 hours ago
Down 1 ATR about 3 hours ago
Down 5% about 3 hours ago
Fell Below Lower Bollinger Band about 3 hours ago
Gap Down Partially Closed about 4 hours ago

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Profile

Akita Drilling Ltd. Description

AKITA Drilling Ltd. (AKITA) is engaged in providing contract drilling services, primarily to the oil and gas industry. The Company is involved in other forms of drilling, including potash mining and the development of storage caverns. The Company owns and operates approximately 31 drilling rigs in Canada. The Company manages its business through approximately two geographic regions, which include Canada and the United States. The Company specializes in the construction and retrofit of heavy oil pad drilling rigs associated with Steam Assisted Gravity Drainage (SAGD) operations. Its rigs are used in operations spanning Fort McMurray, the Alberta oil sands region. The Company also has shale gas operations in the Horn River Basin area of Northeast British Columbia. AKITA is involved in drilling horizontal shale gas wells, with a fleet of deep capacity triple rigs in the areas of Alberta and British Columbia, including the Montney, Duvernay and Horn River regions.


Classification

Sector: Energy
Industry: Oil & Gas Drilling
Keywords: Mining Oil Oil And Gas Petroleum Construction Drilling Storage Western Canadian Sedimentary Basin Petroleum Geology Oil Sands Potash Drilling Services Oil And Gas Industry Drilling Rig Contract Drilling Heavy Oil Shale Gas Wells Petroleum Engineering Contract Drilling Services Shale Gas Frasnian Stage Geological History Of Earth Mcmurray Fort Mcmurray Han Dynasty Oil Sands Region Steam Assisted Gravity Drainage

Is AKT.A a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 1.87
52 Week Low 1.2
Average Volume 38,540
200-Day Moving Average 1.480
50-Day Moving Average 1.529
20-Day Moving Average 1.620
10-Day Moving Average 1.640
Average True Range 0.064
RSI (14) 58.51
ADX 14.07
+DI 23.455
-DI 21.647
Chandelier Exit (Long, 3 ATRs) 1.497
Chandelier Exit (Short, 3 ATRs) 1.693
Upper Bollinger Bands 1.688
Lower Bollinger Band 1.552
Percent B (%b) 0.79
BandWidth 8.444
MACD Line 0.028
MACD Signal Line 0.033
MACD Histogram -0.0047
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.855
Resistance 3 (R3) 1.840 1.760 1.823
Resistance 2 (R2) 1.760 1.710 1.768 1.812
Resistance 1 (R1) 1.710 1.680 1.670 1.725 1.801
Pivot Point 1.630 1.630 1.610 1.638 1.630
Support 1 (S1) 1.580 1.580 1.540 1.595 1.519
Support 2 (S2) 1.500 1.550 1.508 1.508
Support 3 (S3) 1.450 1.500 1.498
Support 4 (S4) 1.465