TINKA RESOURCES LTD (TK.CA)

CA8875221001 - Common Stock

0.135  +0.01 (+3.85%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to TK. Both in the recent history as in the last year, TK has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.
TK is one of the better performing stocks in the Metals & Mining industry, it outperforms 78% of 851 stocks in the same industry.
In the last month TK has a been trading in the 0.12 - 0.14 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, TK did better than 84% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
TK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TK is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.

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Weekly and Daily overview Charts
TK Weekly chart
TK Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, TK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. 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.

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Support and Resistance Analysis

0.10

0.17

2 important support areas can be observed.

  • 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.
  • A support zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 2 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 multiple time frames.
  • Resistance @0.17 from a horizontal line in the weekly time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.7
Mansfield-0.17
10 Day High0.14
10 Day Low0.13
20 Day High0.14
20 Day Low0.12
52 Week High0.18
52 Week Low0.1
Performance
1 Week-3.57%
2 Weeks0%
1 Month12.5%
3 Month35%
6 Month28.57%
12 Month8%
2 Year-27.03%
3 Year-43.75%
5 Year-58.46%
10 Year-56.45%
15 Year145.46%

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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)

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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)
Technical Indicators
MACD(12,26,9)0
RSI(14)54.96
LBB0.13
UBB0.14

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
0.150.120.03 (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.

More info and screens

TK Daily chart

TINKA RESOURCES LTD

TSX-V:TK (4/30/2024, 6:00:00 PM)

0.135

+0.01 (+3.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.85%
1 Week-3.57%
2 Weeks0%
1 Month12.5%
3 Month35%
6 Month28.57%
12 Month8%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.01
ATR(20)%4.26%
ATR Inc
Range Today0
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High0.14
10 Day Low0.13
20 Day High0.14
20 Day Low0.12
52 Week High0.18
52 Week Low0.1
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume20.00K
Volume Incr-82.55%
Vol(5)13.99K
Vol(50)63.47K