Technical Analysis for AKT.A - Akita Drilling Ltd.

Grade Last Price % Change Price Change
F 1.450 -0.68% -0.010
AKT.A closed down 0.68 percent on Friday, April 19, 2024, on 3.87 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Volume Surge Other 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Death Cross Bearish -0.68%
Oversold Stochastic Weakness -0.68%
Outside Day Range Expansion -2.68%
Gapped Up Strength -2.68%
Oversold Stochastic Weakness -2.68%
NR7 Range Contraction -2.68%

   Recent Intraday Alerts

Alert Time
Lower Bollinger Band Support about 15 hours ago
Fell Below Previous Day's Low about 18 hours ago
5x Volume Pace about 18 hours ago
3x Volume Pace about 18 hours ago
2x Volume Pace about 18 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 Potash Oil Sands Drilling Services Oil And Gas Industry Drilling Rig Shale Contract Drilling Heavy Oil Gas Wells Petroleum Engineering Contract Drilling Services Frasnian Stage Mcmurray Shale Gas Fort Mcmurray Geological History Of Earth 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 1.99
52 Week Low 1.08
Average Volume 29,061
200-Day Moving Average 1.575
50-Day Moving Average 1.573
20-Day Moving Average 1.544
10-Day Moving Average 1.516
Average True Range 0.047
RSI (14) 35.48
ADX 16.67
+DI 22.114
-DI 37.029
Chandelier Exit (Long, 3 ATRs) 1.549
Chandelier Exit (Short, 3 ATRs) 1.571
Upper Bollinger Bands 1.643
Lower Bollinger Band 1.444
Percent B (%b) 0.03
BandWidth 12.893
MACD Line -0.033
MACD Signal Line -0.019
MACD Histogram -0.014
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.510
Resistance 3 (R3) 1.510 1.490 1.500
Resistance 2 (R2) 1.490 1.475 1.490 1.497
Resistance 1 (R1) 1.470 1.465 1.460 1.470 1.493
Pivot Point 1.450 1.450 1.445 1.450 1.450
Support 1 (S1) 1.430 1.435 1.420 1.430 1.407
Support 2 (S2) 1.410 1.425 1.410 1.403
Support 3 (S3) 1.390 1.410 1.400
Support 4 (S4) 1.390