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    Technical Analysis for ALK - Alkane Resources Limited  

    Grade Last Price % Change Price Change
    D 0.585 0.00% 0.000
    ALK closed down 2.5 percent on Monday, May 13, 2024, on 79 percent of normal volume. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
    2 Watchers
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    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Down Down Down
    Historical ALK trend table...
    Date Alert Name Type % Chg
    50 DMA Resistance Bearish 0.00%
    Outside Day Range Expansion 0.00%
    Oversold Stochastic Weakness 0.00%
    Gapped Up Strength -2.50%
    Oversold Stochastic Weakness -2.50%
    Gapped Down Weakness 2.63%
    Oversold Stochastic Weakness 2.63%
    Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -2.50%
    NR7 Range Contraction -2.50%
    Narrow Range Bar Range Contraction -2.50%
    Older End-of-Day Signals for ALK ...

       Recent Intraday Alerts

    Alert Time
    Fell Below Previous Day's Low about 1 hour ago
    10 DMA Resistance about 1 hour ago
    Rose Above 10 DMA about 1 hour ago
    Fell Below Previous Day's Low about 20 hours ago
    Outside Day about 20 hours ago
    View Earlier Intraday Alerts

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    Profile

    Alkane Resources Limited   Description

    Alkane Resources Limited is involved in mineral exploration and evaluation, development and extraction. The Company focuses on its projects at Tomingley and Dubbo in New South Wales (NSW). It operates through two segments: gold operations and rare metals. Its Dubbo Zirconia Project is based on a resource of zirconium, hafnium, niobium, tantalum, yttrium and rare earth elements, located at Toongi, approximately 30 kilometers south of the regional center of Duddo. Its Tomingley Gold Operations are located over 50 kilometers south-west of Dubbo in the Central West of NSW. Its Northern Molong Belt Porphyry Project consists of three exploration licenses, such as EL4022-Bodangora, EL6209-Kaiser and EL8261-Finns Crossing. Its Finns Crossing is located immediately to the north-west of the Bodangora exploration license. Its Kaiser covers approximately 127 hectors and is enclosed by the Bodangora license. Its Orange East Project is located approximately 15 kilometers east-south-east of Orange.

    Classification
    Sector: Basic Materials
    Industry: Industrial Metals & Minerals
    Keywords: Exploration Gold Chemistry Metal Mineral Exploration Metals Media Porphyry Rare Earth Element Tantalum Zircon Niobium Orange Dubbo Molong Yttrium Hafnium Newell Highway Zirconium

    Is ALK a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Apr 29 Alkane Resources boosts confidence in gold-copper property following Kaiser resource update
    Apr 23 Alkane Resources announces major development at Roswell as it transitions to production stoping
    Apr 20 Alkane Resources (ASX:ALK) shareholders have earned a 29% CAGR over the last five years
    Mar 19 Alkane Resources nears Kaiser resource upgrade with record gold hits
    Mar 18 Are Alkane Resources Limited's (ASX:ALK) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?
    Feb 27 Alkane Resources increases Tomingley extension gold reserves to 664,000 ounces
    Feb 14 Alkane Resources delivers promising results ahead of gold-copper resource update
    Jan 14 Individual investors account for 56% of Alkane Resources Limited's (ASX:ALK) ownership, while private companies account for 23%
    Dec 21 Alkane Resources releases more "solid results" from Kaiser deposit
    Dec 18 Alkane Resources Limited's (ASX:ALK) Shares Lagging The Market But So Is The Business
    See more ALK news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 0.83
    52 Week Low 0.46
    Average Volume 1,156,066
    200-Day Moving Average 0.618
    50-Day Moving Average 0.611
    20-Day Moving Average 0.627
    10-Day Moving Average 0.591
    Average True Range 0.027
    RSI (14) 42.86
    ADX 28.37
    +DI 18.721
    -DI 27.058
    Chandelier Exit (Long, 3 ATRs) 0.623
    Chandelier Exit (Short, 3 ATRs) 0.647
    Upper Bollinger Bands 0.706
    Lower Bollinger Band 0.548
    Percent B (%b) 0.23
    BandWidth 25.231
    MACD Line -0.012
    MACD Signal Line -0.005
    MACD Histogram -0.0068
    Fundamentals Value
    Market Cap 348.3 Million
    Num Shares 595 Million
    EPS 0.02
    Price-to-Earnings (P/E) Ratio 25.43
    Price-to-Sales 7.86
    Price-to-Book 2.25
    PEG Ratio 0.00
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 0.630
    Resistance 3 (R3) 0.635 0.625 0.623
    Resistance 2 (R2) 0.625 0.614 0.623 0.620
    Resistance 1 (R1) 0.605 0.606 0.600 0.600 0.617
    Pivot Point 0.595 0.595 0.593 0.593 0.595
    Support 1 (S1) 0.575 0.584 0.570 0.570 0.553
    Support 2 (S2) 0.565 0.576 0.563 0.550
    Support 3 (S3) 0.545 0.565 0.548
    Support 4 (S4) 0.540