Kirkland Lake Gold Ltd (KL.CA) Stock Technical Analysis
Canada - TSX:KL - Common Stock
49.71
+1.01 (+2.07%)
Overall KL gets a technical rating of 0 out of 10. 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.
When comparing the yearly performance of all stocks, KL is a bad performer in the overall market: 62% of all stocks are doing better.
KL is part of the Metals & Mining industry. There are 810 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 currently trading near new highs, so KL is lagging the market.
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 has a bad technical rating, but it does show a decent setup pattern. 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
57.49
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.
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.
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. |
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)
TSX:KL (2/9/2022, 7:00:00 PM)
49.71
+1.01 (+2.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.07%
1 Week1.76%
2 Weeks2.41%
1 Month-3.96%
3 Month-11.56%
6 Month-1.88%
12 Month2.31%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.56
ATR(20)%3.2%
ATR Inc-2.38%
Range Today1.57
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.24
Mansfield-0.52
10 Day High50.66
10 Day Low45.73
20 Day High53.78
20 Day Low45.73
52 Week High58.43
52 Week Low40.07
CS1 End47.18
CR1 Start50.37
Volume & EV
DER(3)-28.98%
DER(5)-18.55%
Volume2.99M
Volume Incr328.63%
Vol(5)3.43M
Vol(50)1.11M