KINROSS GOLD CORP (KGC) Stock Technical Analysis
NYSE:KGC - New York Stock Exchange, Inc. - CA4969024047 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to KGC. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, KGC did better than 93% of all other stocks. We also observe that the gains produced by KGC over the past year are nicely spread over this period.
KGC is one of the better performing stocks in the Metals & Mining industry, it outperforms 84% of 157 stocks in the same industry.
KGC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month KGC has a been trading in the 15.04 - 17.29 range, which is quite wide. It is currently trading near the high of this range.
KGC has an average volume of 19343400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although KGC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.38
17.43
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.46 to 15.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.19 from a horizontal line in the daily time frame.
- A support zone ranging from 14.81 to 14.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.52 from a trend line in the weekly 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 | 93.44 | POSITIVE | KGC has a high relative strength, it outperformed 93.44% 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) | 65.23 | NEUTRAL | The RSI value for KGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests KGC has a positive trend. |
| Stochastics (14,3) | 80.2 | OVERBOUGHT | The high Stochastics value suggests KGC may be overbought. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for KGC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.85 | NEGATIVE | The low ADX value for KGC suggests a weak or negative 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)
17.26
+1.05 (+6.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg6.48%
1 Week9.87%
2 Weeks8.42%
1 Month7.54%
3 Month14.61%
6 Month45.41%
12 Month103.54%
2 Year240.43%
3 Year426.22%
5 Year94.37%
10 Year864.25%
15 Year2.01%
Volatility
ATR(14)0.59
ATR(20)%3.22%
ATR Inc51.45%
Range Today0.93
ADR(20)0.51
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.44
Mansfield3.36
10 Day High17.29
10 Day Low15.37
20 Day High17.29
20 Day Low15.04
52 Week High17.29
52 Week Low8.31
CS1 End15.79
CR1 StartN/A
Volume & EV
DER(3)5.06%
DER(5)4.82%
Volume15.10M
Volume Incr26.13%
Vol(5)20.51M
Vol(50)19.34M