ALKANE RESOURCES LTD (ALK.CA) Stock Technical Analysis
TSX:ALK • AU000000ALK9
We assign a technical rating of 7 out of 10 to ALK. Although ALK is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 100% of all other stocks performed better in the past year than ALK.
- ALK is part of the Metals & Mining industry. There are 802 other stocks in this industry, of which 94% are performing better than ALK.
- The long and short term trends are both positive. This is looking good!
- In the last month ALK has a been trading in the 1.35 - 1.69 range, which is quite wide. It is currently trading near the high of this range.
- ALK has an average volume of 1189540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although ALK has an excellent technical rating, it does not offer a high 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
1.58
We found 1 important support area.
- A support zone ranging from 1.60 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for ALK.CA is up. |
| 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) | UP | POSITIVE | The current price of ALK.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALK.CA is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 65.56 | 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) | 91.69 | OVERBOUGHT | The high Stochastics value suggests ALK.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for ALK.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 24.12 | NEUTRAL | The ADX value for ALK.CA suggests a possible start of a new trend. |
TSX:ALK (2/25/2026, 7:00:00 PM)
1.68
+0.07 (+4.35%)
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 7 / 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 65.5601. 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 buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ALKANE RESOURCES LTD?
ALKANE RESOURCES LTD (ALK.CA) has a support level at 1.61. Check the full technical report for our detailed analysis of ALK.CA support and resistance levels.