Kirkland Lake Gold Ltd (KL.CA) Stock Technical Analysis
Canada - TSX:KL - Common Stock
Taking everything into account, KL scores 0 out of 10 in our technical rating. KL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
45.21
2 important support areas can be observed.
- 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.
We can see 4 important resistance areas.
- 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.
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. |
TSX:KL (2/9/2022, 7:00:00 PM)
49.71
+1.01 (+2.07%)
Kirkland Lake Gold Ltd / KL.CA 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 current trend direction of Kirkland Lake Gold Ltd (KL.CA) stock?
The current trend direction for Kirkland Lake Gold Ltd (KL.CA) is Bearish.
What is the RSI signal for KL stock?
Kirkland Lake Gold Ltd (KL.CA) has an RSI value of 49.8574. This indicates that the stock is currently neutral.
What is the short term momentum for Kirkland Lake Gold Ltd (KL.CA) stock?
The short term momentum for Kirkland Lake Gold Ltd (KL.CA) is neutral.