ALKANE RESOURCES LTD (ALK.CA) Technical Analysis
TSX:ALK • AU000000ALK9
Current stock price
ALK.CA Technical Rating and Analysis
Taking everything into account, ALK scores 3 out of 10 in our technical rating. 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 one of the lesser performing stocks in the Metals & Mining industry. 91% of 827 stocks in the same industry do better.
- In the last month ALK has a been trading in the 1.28 - 1.72 range, which is quite wide. It is currently trading near the lows of this range.
- ALK has an average volume of 1192840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Volume is considerably higher in the last couple of days.
ALK.CA Weekly and Daily overview Charts
ALK.CA Setup Rating and Analysis
The technical rating of ALK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ALK.CA Support and Resistance Analysis
1.29
We found 1 important support area.
- Support @1.30 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.50 to 1.52. 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 | DOWN | NEGATIVE | The short term trend for ALK.CA is down. |
| 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) | 38.46 | NEUTRAL | The RSI value for ALK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ALK.CA has a negative trend. |
| Stochastics (14,3) | 13.64 | OVERSOLD | The low Stochastics value suggests ALK.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for ALK.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for ALK.CA suggests a possible start of a new trend. |
ALK.CA Chart- and CandleStick Pattern Analysis
ALK.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:ALK (3/20/2026, 7:00:00 PM)
1.35
+0.04 (+3.05%)
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.
What is the RSI signal for ALKANE RESOURCES LTD (ALK.CA) stock?
ALKANE RESOURCES LTD (ALK.CA) has an RSI value of 38.4641. This indicates that the stock is currently neutral.
What is the buy/sell signal for ALKANE RESOURCES LTD (ALK.CA) stock?
The buy/sell signal for ALKANE RESOURCES LTD (ALK.CA) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for ALKANE RESOURCES LTD?
ALKANE RESOURCES LTD (ALK.CA) has a support level at 1.3 and a resistance level at 1.5. Check the full technical report for our detailed analysis of ALK.CA support and resistance levels.