MONTAUK METALS INC (MTK.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:MTK - CA61217R1010 - Common Stock
We assign a technical rating of 0 out of 10 to MTK. MTK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, MTK is a bad performer in the overall market: 100% of all stocks are doing better.
- MTK is part of the Metals & Mining industry. There are 817 other stocks in this industry, of which 93% are performing better than MTK.
- MTK is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month MTK has a been trading in the 0.01 - 0.01 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
MTK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.01. Right above this resistance zone may be a good entry point.
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When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for MTK.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MTK.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | MTK.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTK.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTK.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.47 | NEUTRAL | The RSI value for MTK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MTK.CA has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for MTK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 60 | HIGH VOLATILITY | The high ATR as a percentage value for MTK.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 10.43 | NEGATIVE | The low ADX value for MTK.CA suggests a weak or negative trend. |
TSX-V:MTK (5/2/2025, 7:00:00 PM)
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MONTAUK METALS INC / MTK.CA FAQ
Can you provide the ChartMill technical rating for MONTAUK METALS INC?
ChartMill assigns a technical rating of 0 / 10 to MTK.CA.
What is the current trend direction of MONTAUK METALS INC (MTK.CA) stock?
The current trend direction for MONTAUK METALS INC (MTK.CA) is Bearish.
What is the RSI signal for MONTAUK METALS INC (MTK.CA) stock?
MONTAUK METALS INC (MTK.CA) has an RSI value of 46.4665. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MONTAUK METALS INC?
The short term momentum for MONTAUK METALS INC (MTK.CA) is neutral.