Kirkland Lake Gold Ltd (KL.CA) Technical Analysis
TSX:KL
Current stock price
KL.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to KL. KL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 62% of all other stocks performed better in the past year than KL.
- KL is part of the Metals & Mining industry. There are 822 other stocks in this industry, of which 74% are performing better than KL.
- KL has an average volume of 1108420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- KL is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KL is lagging the market slightly.
- In the last month KL has a been trading in the 45.73 - 53.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
KL.CA Weekly and Daily overview Charts
KL.CA Setup Rating and Analysis
Although the technical rating is bad, KL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 50.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.18, a Stop Loss order could be placed below this zone.
More info and screens
KL.CA Support and Resistance Analysis
45.21
We found 2 important support areas.
- A support zone ranging from 46.60 to 47.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.67 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 50.37 to 50.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.29 to 53.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @55.70 from a horizontal line in the daily time frame.
- Resistance @56.92 from a horizontal line in the weekly time frame.
KL.CA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for KL.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KL.CA is neutral. |
| ChartMill Relative Strength | 38.24 | NEUTRAL | KL.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of KL.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of KL.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.86 | NEUTRAL | The RSI value for KL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests KL.CA has a positive trend. |
| Stochastics (14,3) | 48.33 | NEUTRAL | The Stochastics value for KL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for KL.CA suggests some volalility. |
KL.CA Chart- and CandleStick Pattern Analysis
KL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:KL (2/9/2022, 7:00:00 PM)
49.71
+1.01 (+2.07%)
Kirkland Lake Gold Ltd / KL.CA TA FAQ
Can you provide the ChartMill technical rating for Kirkland Lake Gold Ltd?
ChartMill assigns a technical rating of 0 / 10 to KL.CA.
What is the trend direction for KL stock?
The current trend direction for Kirkland Lake Gold Ltd (KL.CA) is Bearish.
Can you provide the RSI signal for Kirkland Lake Gold Ltd?
Kirkland Lake Gold Ltd (KL.CA) has an RSI value of 49.8574. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Kirkland Lake Gold Ltd?
The short term momentum for Kirkland Lake Gold Ltd (KL.CA) is neutral.
What is the support and resistance level for KL stock?
Kirkland Lake Gold Ltd (KL.CA) has a support level at 47.18 and a resistance level at 50.37. Check the full technical report for our detailed analysis of KL.CA support and resistance levels.