MKANGO RESOURCES LTD (MKA.CA) Technical Analysis
TSX-V:MKA • CA60686A4090
Current stock price
MKA.CA Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to MKA. Although MKA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- MKA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MKA is lagging the market.
- In the last month MKA has a been trading in the 0.79 - 1.08 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- 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 one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 827 stocks in the same industry.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Considerably lower volume is observed in the last couple of days.
MKA.CA Weekly and Daily overview Charts
MKA.CA Setup Rating and Analysis
MKA has an average technical rating and it also 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
MKA.CA Support and Resistance Analysis
0.67
2 important support areas can be observed.
- A support zone ranging from 0.77 to 0.78. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @0.68 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 0.94 to 0.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.07 to 1.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
MKA.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 | NEUTRAL | NEUTRAL | The long term trend for MKA.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MKA.CA is down. |
| ChartMill Relative Strength | 95.27 | POSITIVE | MKA.CA has a high relative strength, it outperformed 95.27% 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 | MIXED | The current price of MKA.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of MKA.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.09 | NEUTRAL | The RSI value for MKA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MKA.CA has a negative trend. |
| Stochastics (14,3) | 9.31 | OVERSOLD | The low Stochastics value suggests MKA.CA may be oversold. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for MKA.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.58 | NEUTRAL | The ADX value for MKA.CA suggests a possible start of a new trend. |
MKA.CA Chart- and CandleStick Pattern Analysis
MKA.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:MKA (3/20/2026, 7:00:00 PM)
0.81
-0.03 (-3.57%)
MKANGO RESOURCES LTD / MKA.CA TA FAQ
What is the technical rating for MKA stock?
ChartMill assigns a technical rating of 5 / 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 Bearish.
What is the RSI signal for MKANGO RESOURCES LTD (MKA.CA) stock?
MKANGO RESOURCES LTD (MKA.CA) has an RSI value of 35.0908. 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 -0.0189529, indicating a bearish trend.
What is the support and resistance level for MKA stock?
MKANGO RESOURCES LTD (MKA.CA) has a support level at 0.78 and a resistance level at 0.94. Check the full technical report for our detailed analysis of MKA.CA support and resistance levels.