KIRKLAND LAKE GOLD LTD (KL) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:KL
Taking everything into account, KL scores 1 out of 10 in our technical rating. KL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- KL is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 82% are performing better than KL.
- KL has an average volume of 1568700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, KL turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
- 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 35.80 - 43.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, KL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.34. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for KL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
36.12
We found 1 important support area.
- A support zone ranging from 36.48 to 36.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 39.34 to 39.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.78 to 41.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @42.76 from a horizontal line in the daily time frame.
- Resistance @43.65 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 | DOWN | NEGATIVE | The long term trend for KL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KL is neutral. |
| ChartMill Relative Strength | 45.51 | NEUTRAL | KL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.83 | NEUTRAL | The RSI value for KL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests KL has a positive trend. |
| Stochastics (14,3) | 40.13 | NEUTRAL | The Stochastics value for KL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for KL suggests some volalility. |
38.92
-0.09 (-0.23%)
KIRKLAND LAKE GOLD LTD / KL FAQ
Can you provide the ChartMill technical rating for KIRKLAND LAKE GOLD LTD?
ChartMill assigns a technical rating of 1 / 10 to KL.
What is the trend direction for KL stock?
The current trend direction for KIRKLAND LAKE GOLD LTD (KL) is Bearish.
Can you provide the RSI signal for KIRKLAND LAKE GOLD LTD?
KIRKLAND LAKE GOLD LTD (KL) has an RSI value of 47.8251. 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) is neutral.
What is the support and resistance level for KL stock?
KIRKLAND LAKE GOLD LTD (KL) has a support level at 36.48 and a resistance level at 39.34. Check the full technical report for our detailed analysis of KL support and resistance levels.