KINROSS GOLD CORP (KGC) Stock Technical Analysis
USA - NYSE:KGC - CA4969024047 - Common Stock
24.26 USD
-0.02 (-0.08%)
24.24 USD
-0.02 (-0.08%)
Taking everything into account, KGC scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KGC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, KGC did better than 96% of all other stocks. On top of that, KGC also shows a nice and consistent pattern of rising prices.
KGC is one of the better performing stocks in the Metals & Mining industry, it outperforms 78% of 156 stocks in the same industry.
KGC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
KGC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
KGC has an average volume of 18380000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, KGC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 24.25, a Stop Loss order could be placed below this zone.
More info and screens
14.38
25.70
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.15 to 24.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.95 from a trend line in the daily time frame.
- A support zone ranging from 17.31 to 17.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @25.45 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for KGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KGC is up. |
| ChartMill Relative Strength | 96.33 | POSITIVE | KGC has a high relative strength, it outperformed 96.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.06 | NEUTRAL | The RSI value for KGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests KGC has a negative trend. |
| Stochastics (14,3) | 53.87 | NEUTRAL | The Stochastics value for KGC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for KGC suggests some volalility. |
| Average Directional Index/ADX (14) | 36.57 | POSITIVE | The high ADX value value for KGC suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.46 | 24.14 | 1.32 (5.18%) | 19.29% |
| An entry @25.46. This is a Buy Stop order right above the resistance zone. | An exit @24.14. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.32 points, which is 5.18%. | For a 1.00% total portfolio risk, you can invest 19.29% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.26
-0.02 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.08%
1 Week-3.08%
2 Weeks0.62%
1 Month4.21%
3 Month56.01%
6 Month68.71%
12 Month147.05%
2 Year365.64%
3 Year568.32%
5 Year204.39%
10 Year1106.97%
15 Year35.15%
Volatility
ATR(14)0.82
ATR(20)%3.25%
ATR Inc12.59%
Range Today0.51
ADR(20)0.74
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.33
Mansfield5.75
10 Day High25.91
10 Day Low23.97
20 Day High25.91
20 Day Low21.94
52 Week High25.91
52 Week Low8.99
CS1 End24.25
CR1 Start25.45
Volume & EV
DER(3)-3.55%
DER(5)-4.01%
Volume14.19M
Volume Incr-26.66%
Vol(5)14.40M
Vol(50)18.38M