MELKIOR RESOURCES INC (MKR.CA) Stock Technical Analysis
TSX-V:MKR - TSX Venture Exchange - CA58549W3030 - Common Stock - Currency: CAD
Overall MKR gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month MKR has a been trading in the 0.13 - 0.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that MKR is one of the better performing stocks in the market, outperforming 87% of all stocks.
MKR is part of the Metals & Mining industry. There are 794 other stocks in this industry. MKR outperforms 73% of them.
MKR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MKR is lagging the market.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, MKR does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.13, a Stop Loss order could be placed below this zone.
More info and screens
0.09
0.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.11 from a trend line in the weekly time frame.
- Support @0.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.16 from a trend line in the weekly 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 MKR.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MKR.CA is neutral. |
| ChartMill Relative Strength | 87.91 | POSITIVE | MKR.CA has a high relative strength, it outperformed 87.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MKR.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MKR.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MKR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.13 | NEUTRAL | The RSI value for MKR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MKR.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for MKR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for MKR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.51 | NEGATIVE | The low ADX value for MKR.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)
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 |
|---|---|---|---|
| 0.15 | 0.12 | 0.03 (20.00%) | 5.00% |
| An entry @0.15. This is a Buy Stop order right above the resistance zone. | An exit @0.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.03 points, which is 20.00%. | For a 1.00% total portfolio risk, you can invest 5.00% of your capital in this trade. |
- 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:MKR (7/18/2025, 7:00:00 PM)
0.14
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week3.7%
2 Weeks3.7%
1 Month-6.67%
3 Month55.56%
6 Month115.39%
12 Month47.37%
2 Year-33.33%
3 Year-46.15%
5 Year-84.62%
10 Year600%
15 Year-17.65%
Volatility
ATR(14)0.01
ATR(20)%3.57%
ATR Inc0%
Range Today0.01
ADR(20)0
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.91
Mansfield2.85
10 Day High0.14
10 Day Low0.13
20 Day High0.15
20 Day Low0.13
52 Week High0.27
52 Week Low0.07
CS1 End0.13
CR1 Start0.14
Volume & EV
DER(3)0%
DER(5)0%
Volume63.00K
Volume Incr15.2%
Vol(5)31.78K
Vol(50)54.08K