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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
$0.05
$0.001(1.96%)
Australian Market opens in 5h 59m

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 bearish trend on the ASX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 34.62)
Trend Strength:Strong (ADX: 30.76)
Support/Resistance:$0.05 – $0.07 (Bollinger Bands)

Technical conditions suggest Manuka Resources Limited on the ASX is awaiting a decisive move. Overall, Manuka Resources Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 34.62

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 9.59

Bullish
Oversold zone signals rebound potential.

Williams %R: -82.35

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -20.59

Strongly Bearish
Sharp downside momentum.

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

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 30.76

Strong
Strong trend, momentum well established.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): -82.08

Bearish
Bearish, momentum remains under pressure.

Takeaway:Manuka Resources Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.07
Middle Band (SMA 20)
$0.06
Lower Band
$0.05
Current Position
Within Bands

Takeaway:Manuka Resources Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.07
Middle Line (EMA 20)
$0.06
Lower Channel
$0.05
Squeeze Status
No Squeeze

Takeaway:Manuka Resources Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-40.38M
Money Flow Index24.74Bearish, selling pressure outweighs inflows.
Relative Vigor Index21.38Bearish, price momentum favors sellers.

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

ADX above 20 → strong underlying trend.

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

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

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

(ASX: MKR.AX) Technical Analysis FAQ