Corvis Gold Inc (KOR) Technical Analysis
NASDAQ:KOR
Current stock price
KOR Technical Rating and Analysis
Overall KOR gets a technical rating of 6 out of 10. In the last year, KOR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- KOR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so KOR is leading the market.
- When comparing the yearly performance of all stocks, we notice that KOR is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- KOR is an average performer in the Metals & Mining industry, it outperforms 54% of 158 stocks in the same industry.
- In the last month KOR has a been trading in a tight range between 3.10 and 3.28.
- Volume is considerably higher in the last couple of days.
KOR Weekly and Daily overview Charts
KOR Setup Rating and Analysis
Although the technical rating is only medium, KOR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.20, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
KOR Support and Resistance Analysis
3.07
We found 1 important support area.
- A support zone ranging from 3.10 to 3.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 3.22 to 3.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
KOR 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 | NEUTRAL | NEUTRAL | The long term trend for KOR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KOR is up. |
| ChartMill Relative Strength | 90.61 | POSITIVE | KOR has a high relative strength, it outperformed 90.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of KOR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KOR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.9 | NEUTRAL | The RSI value for KOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests KOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.33 | OVERBOUGHT | The high Stochastics value suggests KOR may be overbought. |
| Average True Range in percent/ATR (20) | 1.59 | LOW VOLATILITY | The low ATR as a percentage value for KOR suggests low volalility. |
KOR Chart- and CandleStick Pattern Analysis
KOR Technicals: Chart, Performance Metrics, Trend & Indicators
3.21
-0.05 (-1.53%)
Corvis Gold Inc / KOR TA FAQ
Can you provide the ChartMill technical rating for Corvis Gold Inc?
ChartMill assigns a technical rating of 5 / 10 to KOR.
What is the current trend direction of Corvis Gold Inc (KOR) stock?
The current trend direction for Corvis Gold Inc (KOR) is Bearish.
Can you provide the RSI signal for Corvis Gold Inc?
Corvis Gold Inc (KOR) has an RSI value of 50.8992. This indicates that the stock is currently neutral.
What is the MACD signal for KOR stock?
The MACD indicator for Corvis Gold Inc (KOR) has a value of 0.00633943, indicating a bearish trend.
Can you provide the support and resistance levels for Corvis Gold Inc?
Corvis Gold Inc (KOR) has a support level at 3.2 and a resistance level at 3.22. Check the full technical report for our detailed analysis of KOR support and resistance levels.