ALKANE RESOURCES LTD (ALK.CA) Technical Analysis
TSX:ALK • AU000000ALK9
Current stock price
1.45 CAD
-0.04 (-2.68%)
Last:
ALK.CA Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to ALK. ALK was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- When comparing the yearly performance of all stocks, ALK is a bad performer in the overall market: 100% of all stocks are doing better.
- ALK is part of the Metals & Mining industry. There are 798 other stocks in this industry, of which 93% are performing better than ALK.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ALK has an average volume of 1148070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ALK has a been trading in the 1.28 - 1.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ALK.CA Weekly and Daily overview Charts
ALK.CA Setup Rating and Analysis
ALK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for ALK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ALK.CA Support and Resistance Analysis
1.28
1.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.37 to 1.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.32 to 1.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.49 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ALK.CA Technical Indicator Signal Analysis
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 | MIXED | The current price of ALK.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALK.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 51.48 | NEUTRAL | The RSI value for ALK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALK.CA has a positive trend. |
| Stochastics (14,3) | 62.82 | NEUTRAL | The Stochastics value for ALK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for ALK.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.88 | NEGATIVE | The low ADX value for ALK.CA suggests a weak or negative trend. |
ALK.CA Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
ALK.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:ALK (4/2/2026, 7:00:00 PM)
1.45
-0.04 (-2.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.68%
1 Week12.4%
2 Weeks10.69%
1 Month-2.68%
3 Month18.85%
6 Month38.1%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%5.34%
ATR Inc59.54%
Range Today0.08
ADR(20)0.06
ADR(20)%4.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
3 months CRS83.87
6 months CRS85.48
Mansfield-30
10 Day High1.53
10 Day Low1.29
20 Day High1.54
20 Day Low1.28
52 Week HighN/A
52 Week LowN/A
CS1 End1.41
CR1 Start1.49
Volume & EV
DER(3)17.02%
DER(5)15.37%
Volume332.34K
Volume Incr-53.63%
Vol(5)533.26K
Vol(50)1.15M
ALKANE RESOURCES LTD / ALK.CA TA 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.
Can you provide the trend direction for ALKANE RESOURCES LTD?
The current trend direction for ALKANE RESOURCES LTD (ALK.CA) is Bullish.
Can you provide the RSI signal for ALKANE RESOURCES LTD?
ALKANE RESOURCES LTD (ALK.CA) has an RSI value of 51.4782. This indicates that the stock is currently neutral.
What is the short term momentum for ALK stock?
The short term momentum for ALKANE RESOURCES LTD (ALK.CA) is neutral.