MKANGO RESOURCES LTD (MKA.CA) Stock Technical Analysis
TSX-V:MKA - TSX Venture Exchange - CA60686A4090 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to MKA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MKA is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
MKA is one of the better performing stocks in the Metals & Mining industry, it outperforms 88% of 822 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that MKA is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.
MKA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month MKA has a been trading in the 0.16 - 0.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although MKA has an excellent technical rating, the quality of the presented setup is not ideal 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
0.17
0.24
We found 2 important support areas.
- A support zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.17 to 0.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.24 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.57
Mansfield3.42
10 Day High0.23
10 Day Low0.18
20 Day High0.23
20 Day Low0.16
52 Week High0.27
52 Week Low0.08
Performance
1 Week7.89%
2 Weeks7.89%
1 Month24.24%
3 Month127.78%
6 Month86.36%
12 Month24.24%
2 Year0%
3 Year-46.05%
5 Year241.67%
10 Year-14.58%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)54.06
LBB0.17
UBB0.23
TSX-V:MKA (3/7/2025, 7:00:00 PM)
0.205
+0 (+2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.5%
1 Week7.89%
2 Weeks7.89%
1 Month24.24%
3 Month127.78%
6 Month86.36%
12 Month24.24%
2 Year0%
3 Year-46.05%
5 Year241.67%
10 Year-14.58%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%8.17%
ATR Inc-44%
Range Today0
ADR(20)0.01
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.57
Mansfield3.42
10 Day High0.23
10 Day Low0.18
20 Day High0.23
20 Day Low0.16
52 Week High0.27
52 Week Low0.08
CS1 End0.18
CR1 Start0.23
Volume & EV
DER(3)0%
DER(5)0%
Volume14.00K
Volume Incr-37.8%
Vol(5)14.32K
Vol(50)30.54K