Technical Analysis for AKT.B - Akita Cl B

Grade Last Price % Change Price Change
grade F 1.2 20.00% 0.200
AKT.B closed up 20.0 percent on Tuesday, June 30, 2020, on 7 percent of normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Up
Historical AKT.B trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Narrow Range Bar Range Contraction 20.00%
Wide Bands Range Expansion 20.00%
Wide Bands Range Expansion 20.00%
Down 3 Days in a Row Weakness 20.00%
Gapped Down Weakness 20.00%
Narrow Range Bar Range Contraction -11.11%
Wide Bands Range Expansion -11.11%

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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 Western Canadian Sedimentary Basin Petroleum Geology Oil And Gas Industry Oil Sands Drilling Rig Geological History Of Earth Petroleum Engineering Frasnian Stage Contract Drilling Services Han Dynasty 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.B 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 9.1
52 Week Low 0.74
Average Volume 1,469
200-Day Moving Average 0.000
50-Day Moving Average 2.286
20-Day Moving Average 1.399
10-Day Moving Average 1.105
Average True Range 0.227
ADX 12.91
+DI 45.857
-DI 49.954
Chandelier Exit (Long, 3 ATRs ) 2.208
Chandelier Exit (Short, 3 ATRs ) 1.422
Upper Bollinger Band 2.571
Lower Bollinger Band 0.226
Percent B (%b) 0.42
BandWidth 167.637
MACD Line -0.343
MACD Signal Line -0.409
MACD Histogram 0.0657
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.200
Resistance 3 (R3) 1.200 1.200 1.200
Resistance 2 (R2) 1.200 1.200 1.200 1.200
Resistance 1 (R1) 1.200 1.200 1.200 1.200 1.200
Pivot Point 1.200 1.200 1.200 1.200 1.200
Support 1 (S1) 1.200 1.200 1.200 1.200 1.200
Support 2 (S2) 1.200 1.200 1.200 1.200
Support 3 (S3) 1.200 1.200 1.200
Support 4 (S4) 1.200