KARNALYTE RESOURCES INC (KRN.CA) Stock Technical Analysis
TSX:KRN - Toronto Stock Exchange - CA4856722083 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to KRN. KRN was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month KRN has a been trading in the 0.14 - 0.24 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: KRN has an average volume of 23871 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
KRN is one of the better performing stocks in the Chemicals industry, it outperforms 82% of 30 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that KRN is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
KRN 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 KRN is lagging the market slightly.
KRN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.09
0.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.14 from a horizontal line in the daily time frame.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @0.24 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 | NEUTRAL | NEUTRAL | The long term trend for KRN.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KRN.CA is neutral. |
| ChartMill Relative Strength | 83.07 | POSITIVE | KRN.CA has a high relative strength, it outperformed 83.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KRN.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of KRN.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KRN.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50 | NEUTRAL | The RSI value for KRN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests KRN.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.41 | NEUTRAL | The Stochastics value for KRN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 11.56 | HIGH VOLATILITY | The high ATR as a percentage value for KRN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 11.85 | NEGATIVE | The low ADX value for KRN.CA suggests a weak or negative trend. |
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:KRN (6/6/2025, 7:00:00 PM)
0.16
-0.01 (-5.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-5.88%
1 Week10.34%
2 Weeks18.52%
1 Month-33.33%
3 Month52.38%
6 Month45.45%
12 Month0%
2 Year-5.88%
3 Year-58.97%
5 Year-11.11%
10 Year-79.22%
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%11.56%
ATR Inc90.91%
Range Today0
ADR(20)0.01
ADR(20)%7.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.07
Mansfield1.37
10 Day High0.18
10 Day Low0.14
20 Day High0.24
20 Day Low0.14
52 Week High0.28
52 Week Low0.07
CS1 End0.15
CR1 Start0.24
Volume & EV
DER(3)361.5%
DER(5)258.3%
Volume1.00K
Volume Incr-72%
Vol(5)6.06K
Vol(50)23.87K