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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
$0.08
$0.006(6.90%)
Australian Market opens in 13h 17m

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:Neutral to Bearish (RSI: 45.13)
Trend Strength:Weak (ADX: 11.34)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.08 – $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): 45.13

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 31.92

Bearish
Momentum remains weak below midpoint.

Williams %R: -90.91

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -12.90

Strongly Bearish
Sharp downside momentum.

Takeaway:Manuka Resources Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 11.34

Weak
Weak trend, market trading sideways.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): -123.15

Bearish
Bearish, oversold conditions may spark rebound.

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
$0.08
Current Position
Within Bands

Takeaway:Manuka Resources Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.10
Middle Line (EMA 20)
$0.08
Lower Channel
$0.07
Squeeze Status
Squeeze On

Takeaway:Manuka Resources Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume20.39M
Money Flow Index34.91Bearish, selling pressure outweighs inflows.
Relative Vigor Index48.13Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:MKR.AX shows bearish money flow, with sellers dominating volume and vigor.

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

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

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Manuka Resources Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(ASX: MKR.AX) Technical Analysis FAQ