Technical Analysis for AKT.A - Akita Drilling Ltd.

Grade Last Price % Change Price Change
grade D 0.41 2.50% 0.010
AKT.A closed up 2.5 percent on Tuesday, June 30, 2020, on 8 percent of normal volume. It was able to find support at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down
Historical AKT.A trend table...

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Stochastic Buy Signal Bullish 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
50 DMA Support Bullish 2.50%
Hammer Candlestick Bullish 2.50%
Lizard Bullish Bullish Day Trade Setup 2.50%
Doji - Bullish? Reversal 2.50%
Wide Bands Range Expansion 2.50%
Gapped Down Weakness 2.50%

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Profile

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.
Geology Petroleum Petroleum Geology Western Canadian Sedimentary Basin Oil Sands Oil And Gas Industry Drilling Rig Petroleum Engineering Geological History Of Earth Han Dynasty Frasnian Stage Contract Drilling Services Fort Mc Murray Oil Sands Region Steam Assisted Gravity Drainage Duvernay River Heavy Oil Pad Drilling Rigs Horizontal Shale Gas Wells Horn River Horn River Formation Potash Mining Shale Gas Operations

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 3.21
52 Week Low 0.25
Average Volume 253,622
200-Day Moving Average 0.930
50-Day Moving Average 0.382
20-Day Moving Average 0.452
10-Day Moving Average 0.437
Average True Range 0.045
ADX 28.45
+DI 34.453
-DI 23.505
Chandelier Exit (Long, 3 ATRs ) 0.487
Chandelier Exit (Short, 3 ATRs ) 0.454
Upper Bollinger Band 0.566
Lower Bollinger Band 0.338
Percent B (%b) 0.32
BandWidth 50.354
MACD Line 0.008
MACD Signal Line 0.018
MACD Histogram -0.0098
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.470
Resistance 3 (R3) 0.467 0.443 0.460
Resistance 2 (R2) 0.443 0.428 0.445 0.457
Resistance 1 (R1) 0.427 0.419 0.435 0.430 0.453
Pivot Point 0.403 0.403 0.408 0.405 0.403
Support 1 (S1) 0.387 0.388 0.395 0.390 0.367
Support 2 (S2) 0.363 0.379 0.365 0.363
Support 3 (S3) 0.347 0.363 0.360
Support 4 (S4) 0.350