KIRKLAND LAKE GOLD LTD (KL) Technical Analysis
NYSE:KL
Current stock price
KL Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to KL. 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 one of the lesser performing stocks in the Metals & Mining industry. 77% of 158 stocks in the same industry do better.
- 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 compared to the yearly performance of all other stocks, KL outperforms 45% of them, which is more or less in line with the market.
- 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 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.
KL Weekly and Daily overview Charts
KL Setup Rating and Analysis
KL has a bad technical rating, but it does show a decent setup pattern. 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
KL Support and Resistance Analysis
36.12
When analyzing the support we notice one important 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.
We can see 4 important resistance 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.
KL 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 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. |
KL Chart- and CandleStick Pattern Analysis
KL Technicals: Chart, Performance Metrics, Trend & Indicators
38.92
-0.09 (-0.23%)
KIRKLAND LAKE GOLD LTD / KL TA 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.