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Manuka Resources Limited

MKR.AX Technical Analysis Summary (ASX)

Analyze MKR.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

MKR.AX●ASX
Basic MaterialsOther Precious Metals
$0.09
$0.002(2.22%)
Australian Market opens in NaNh NaNm

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

MKR.AX Technical Analysis Summary (ASX)

Manuka Resources Limited (ASX: MKR.AX) stock currently shows a neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 63.63)
Trend Strength:Moderate (ADX: 20.77)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.07 – $0.09 (Bollinger Bands)

Technical conditions suggest Manuka Resources Limited on the ASX is awaiting a decisive move. This mix signals that Manuka Resources Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 63.63

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 78.73

Bullish
Buying momentum building without extremes.

Williams %R: -24.00

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 24.66

Strongly Bullish
Strong upside momentum.

Takeaway:Manuka Resources Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 20.77

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 166.58

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Manuka Resources Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.09
Middle Band (SMA 20)
$0.08
Lower Band
$0.07
Current Position
Above Upper Band

Takeaway:Manuka Resources Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$0.09
Middle Line (EMA 20)
$0.08
Lower Channel
$0.07
Squeeze Status
No Squeeze

Takeaway:Manuka Resources Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume64.33M
Money Flow Index92.22Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index60.95Bullish, price momentum strongly favors buyers.

Overall Takeaway:MKR.AX shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary
Based on the current technical analysis of Manuka Resources Limited (ASX: MKR.AX), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Technical indicators for Manuka Resources Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: MKR.AX) Technical Analysis FAQ