AKAM +3.8% Presses $99 Pivot, $103 in Focus
$Akamai(AKAM)$
Akamai Technologies, Inc. (AKAM) Surged +3.77%: CDN Leader Challenges Key Resistance, $103 Target in Sight
Latest Close Data
Closed at $98.66 on 2026-01-26 up +3.77% ($3.58). Now trading just 4.9% below its 52-week high of $103.75.
Core Market Drivers
A significant net inflow of capital ($6M) and strong pre-market activity (up to $100) indicate bullish sentiment. The company's forward P/E of 13.51 sits below its historical average, suggesting potential value.
Technical Analysis
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Volume ratio of 1.16 and net positive money flow confirm the rally's strength.
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MACD (DIF: 2.41, DEA: 1.57, MACD: 1.67) shows a strong bullish expansion.
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RSI-6 at 70.44 is approaching overbought territory but remains in a bullish trend.
Key Price Levels
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Immediate Pivot/Resistance: $98.68 (Previous key resistance, now being tested).
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Strong Resistance: $103.75 (52-week high).
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Primary Support: $88.18.
Valuation Perspective
Forward P/E of 13.51 is below its 3-year average of 14.88, indicating the stock may be reasonably valued relative to its own history.
Analyst Targets
22 analysts have an average price target of $102.90 (upside ~4.3%). Sentiment is positive with 5 Strong Buy, 10 Buy, 9 Hold, and 2 Underperform ratings.
Weekly Outlook
The immediate battle is at the $98.68 pivot. A sustained breakout could target the $103-$105 zone. Failure to hold above $98 may lead to a pullback towards the $95 support.
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