KIRKLAND LAKE GOLD LTD (KL) Stock Technical Analysis
NYSE:KL - New York Stock Exchange, Inc. - Common Stock
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 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.
KL is one of the lesser performing stocks in the Metals & Mining industry. 62% of 155 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 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 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 has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
44.09
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.
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.
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. |
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)
38.92
-0.09 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.23%
1 Week2.96%
2 Weeks-2.55%
1 Month-4.14%
3 Month-13.11%
6 Month-3.92%
12 Month1.75%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%3.44%
ATR Inc-26.89%
Range Today1.14
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
CRS45.51
Mansfield-0.58
10 Day High40.33
10 Day Low35.8
20 Day High43.06
20 Day Low35.8
52 Week High46.98
52 Week Low31.72
CS1 End36.48
CR1 Start39.34
Volume & EV
DER(3)3.05%
DER(5)-0.62%
Volume2.33M
Volume Incr-24.8%
Vol(5)1.45M
Vol(50)1.57M