Technical Analysis for AKT.A - Akita Drilling Ltd.

Grade Last Price % Change Price Change
D 1.360 0.74% 0.010
AKT.A closed down 1.46 percent on Wednesday, December 6, 2023, on 72 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.74%
BB Squeeze + Lower Band Touch Range Contraction 0.74%
Below Lower BB Weakness 0.74%
Down 3 Days in a Row Weakness 0.74%
Lower Bollinger Band Touch Weakness 0.74%
Fell Below 20 DMA Bearish -0.73%
Bollinger Band Squeeze Range Contraction -0.73%
Gapped Down Weakness -0.73%
1,2,3 Retracement Bearish Bearish Swing Setup -4.90%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -4.90%

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Alert Time
Up 2% about 6 hours ago
Rose Above Lower Bollinger Band about 8 hours ago
Up 1% about 8 hours ago
Possible NR7 1 day ago
Lower Bollinger Band Support 2 days ago

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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.


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 Rig Drilling Services Oil And Gas Industry Shale Contract Drilling Heavy Oil Contract Drilling Services Petroleum Engineering Frasnian Stage Gas Wells Mcmurray Fort Mcmurray Shale Gas Geological History Of Earth Han Dynasty Fort Mc Murray Oil Sands Region Potash Mining 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


Indicator Value
52 Week High 2.05
52 Week Low 1.08
Average Volume 59,163
200-Day Moving Average 1.516
50-Day Moving Average 1.554
20-Day Moving Average 1.404
10-Day Moving Average 1.406
Average True Range 0.048
RSI (14) 35.90
ADX 33.03
+DI 16.384
-DI 36.387
Chandelier Exit (Long, 3 ATRs) 1.356
Chandelier Exit (Short, 3 ATRs) 1.464
Upper Bollinger Bands 1.452
Lower Bollinger Band 1.356
Percent B (%b) -0.06
BandWidth 6.823
MACD Line -0.045
MACD Signal Line -0.053
MACD Histogram 0.0076
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.425
Resistance 3 (R3) 1.427 1.403 1.413
Resistance 2 (R2) 1.403 1.384 1.403 1.408
Resistance 1 (R1) 1.377 1.372 1.365 1.375 1.404
Pivot Point 1.353 1.353 1.348 1.353 1.353
Support 1 (S1) 1.327 1.334 1.315 1.325 1.296
Support 2 (S2) 1.303 1.322 1.303 1.292
Support 3 (S3) 1.277 1.303 1.288
Support 4 (S4) 1.275