MKANGO RESOURCES LTD (MKA.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MKA - CA60686A4090 - Common Stock
0.88 CAD
-0.01 (-1.12%)
We assign a technical rating of 7 out of 10 to MKA. In the last year, MKA was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
MKA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
Looking at the yearly performance, MKA did better than 97% of all other stocks. On top of that, MKA also shows a nice and consistent pattern of rising prices.
MKA is part of the Metals & Mining industry. There are 804 other stocks in this industry. MKA outperforms 92% of them.
In the last month MKA has a been trading in the 0.76 - 0.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MKA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.56
0.99
We found 5 important support areas.
- Support @0.88 from a trend line in the daily time frame.
- A support zone ranging from 0.84 to 0.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.78 from a horizontal line in the weekly time frame.
- Support @0.75 from a horizontal line in the daily time frame.
- Support @0.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.88 to 0.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.93 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 0.97 to 0.98. 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 MKA.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MKA.CA is neutral. |
| ChartMill Relative Strength | 97.1 | POSITIVE | MKA.CA has a high relative strength, it outperformed 97.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MKA.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MKA.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MKA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.67 | NEUTRAL | The RSI value for MKA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MKA.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.62 | NEUTRAL | The Stochastics value for MKA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.61 | HIGH VOLATILITY | The high ATR as a percentage value for MKA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.34 | NEGATIVE | The low ADX value for MKA.CA suggests a weak or negative trend. |
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)
TSX-V:MKA (12/24/2025, 7:00:00 PM)
0.88
-0.01 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.12%
1 Week2.33%
2 Weeks-7.37%
1 Month15.79%
3 Month8.64%
6 Month193.33%
12 Month528.57%
2 Year417.65%
3 Year252%
5 Year220%
10 Year1855.56%
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%7.61%
ATR Inc-71.13%
Range Today0.02
ADR(20)0.06
ADR(20)%6.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.1
3 months CRS70.3
6 months CRS95.71
Mansfield5.26
10 Day High0.98
10 Day Low0.78
20 Day High0.99
20 Day Low0.76
52 Week High3.01
52 Week Low0.14
CS1 End0.88
CR1 Start0.88
Volume & EV
DER(3)0.8%
DER(5)-1.72%
Volume3.84K
Volume Incr-30.72%
Vol(5)66.40K
Vol(50)197.82K
MKANGO RESOURCES LTD / MKA.CA FAQ
What is the technical rating for MKA stock?
ChartMill assigns a technical rating of 7 / 10 to MKA.CA.
Can you provide the trend direction for MKANGO RESOURCES LTD?
The current trend direction for MKANGO RESOURCES LTD (MKA.CA) is Bullish.
What is the RSI signal for MKANGO RESOURCES LTD (MKA.CA) stock?
MKANGO RESOURCES LTD (MKA.CA) has an RSI value of 48.6704. This indicates that the stock is currently neutral.
What is the MACD signal for MKANGO RESOURCES LTD (MKA.CA) stock?
The MACD indicator for MKANGO RESOURCES LTD (MKA.CA) has a value of 0.00024919, indicating a bearish trend.
What is the short term momentum for MKA stock?
The short term momentum for MKANGO RESOURCES LTD (MKA.CA) is neutral.