MKANGO RESOURCES LTD (MKA.CA) Stock Technical Analysis
TSX-V:MKA • CA60686A4090
Overall MKA gets a technical rating of 9 out of 10. In the last year, MKA was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that MKA is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by MKA over the past year are nicely spread over this period.
- MKA is part of the Metals & Mining industry. There are 807 other stocks in this industry. MKA outperforms 87% of them.
- In the last month MKA has a been trading in the 0.89 - 1.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MKA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.96, a Stop Loss order could be placed below this zone.
More info and screens
0.62
We found 5 important support areas.
- A support zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @0.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @1.08 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 MKA.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MKA.CA is neutral. |
| ChartMill Relative Strength | 95.09 | POSITIVE | MKA.CA has a high relative strength, it outperformed 95.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MKA.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MKA.CA is above the rising 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) | 47.15 | NEUTRAL | The RSI value for MKA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MKA.CA has a negative trend. |
| Stochastics (14,3) | 34.23 | NEUTRAL | The Stochastics value for MKA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for MKA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.75 | NEUTRAL | The ADX value for MKA.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.09 | 0.94 | 0.15 (13.76%) | 7.27% |
| An entry @1.09. This is a Buy Stop order right above the resistance zone. | An exit @0.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.15 points, which is 13.76%. | For a 1.00% total portfolio risk, you can invest 7.27% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MKA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:MKA (2/13/2026, 7:00:00 PM)
1.02
-0.05 (-4.67%)
MKANGO RESOURCES LTD / MKA.CA FAQ
What is the technical rating for MKA stock?
ChartMill assigns a technical rating of 9 / 10 to MKA.CA.
What is the current trend direction of MKANGO RESOURCES LTD (MKA.CA) stock?
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 47.1467. 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 -0.0122895, indicating a bearish trend.
What is the support and resistance level for MKA stock?
MKANGO RESOURCES LTD (MKA.CA) has a support level at 0.96 and a resistance level at 1.08. Check the full technical report for our detailed analysis of MKA.CA support and resistance levels.