ALKANE RESOURCES LTD (ALK.CA) Stock Technical Analysis
Canada - TSX:ALK - AU000000ALK9 - Common Stock
Overall ALK gets a technical rating of 3 out of 10. In the last year, ALK was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
ALK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.86
We found 2 important support areas.
- A support zone ranging from 0.89 to 0.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.87 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ALK.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALK.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ALK.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALK.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALK.CA is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 47.18 | NEUTRAL | The RSI value for ALK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALK.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.76 | OVERSOLD | The low Stochastics value suggests ALK.CA may be oversold. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for ALK.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.47 | NEGATIVE | The low ADX value for ALK.CA suggests a weak or negative trend. |
TSX:ALK (11/6/2025, 7:00:00 PM)
0.92
+0.04 (+4.55%)
ALKANE RESOURCES LTD / ALK.CA FAQ
What is the ChartMill technical rating of ALKANE RESOURCES LTD (ALK.CA) stock?
ChartMill assigns a technical rating of 3 / 10 to ALK.CA.
What is the current trend direction of ALKANE RESOURCES LTD (ALK.CA) stock?
The current trend direction for ALKANE RESOURCES LTD (ALK.CA) is Bullish.
What is the RSI signal for ALKANE RESOURCES LTD (ALK.CA) stock?
ALKANE RESOURCES LTD (ALK.CA) has an RSI value of 47.1822. This indicates that the stock is currently neutral.
What is the support and resistance level for ALK stock?
ALKANE RESOURCES LTD (ALK.CA) has a support level at 0.9. Check the full technical report for our detailed analysis of ALK.CA support and resistance levels.