KINROSS GOLD CORP. - Daily - Technical analysis published on 09/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
28%
56%
My opinion
Bullish above 4.72 USD
My targets
4.93 USD (+2.07%)
5.26 USD (+8.90%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on KINROSS GOLD CORP.. As long as you are above the support located at 4.72 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.93 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 5.26 USD as an objective. Crossing it would then enable buyers to target 5.74 USD. If the support 4.72 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The KINROSS GOLD CORP. price is 4.83 USD. On the day, this instrument lost -5.11% and was traded between 4.80 USD and 4.94 USD over the period. The price is currently at +0.63% from its lowest and -2.23% from its highest.4.80
4.94
4.83
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this KINROSS GOLD CORP. chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.80 | 4.31 | 4.72 | 4.83 | 4.93 | 5.26 | 5.74 |
| Change (%) | -21.33% | -10.77% | -2.28% | - | +2.07% | +8.90% | +18.84% |
| Change | -1.03 | -0.52 | -0.11 | - | +0.10 | +0.43 | +0.91 |
| Level | Major | Minor | Major | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.90 | 4.98 | 5.04 | 5.12 | 5.18 | 5.26 | 5.32 |
| Camarilla | 5.05 | 5.06 | 5.08 | 5.09 | 5.10 | 5.12 | 5.13 |
| Woodie | 4.88 | 4.98 | 5.02 | 5.12 | 5.16 | 5.26 | 5.30 |
| Fibonacci | 4.98 | 5.04 | 5.07 | 5.12 | 5.18 | 5.21 | 5.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.39 | 4.57 | 4.88 | 5.06 | 5.37 | 5.55 | 5.86 |
| Camarilla | 5.05 | 5.09 | 5.14 | 5.18 | 5.23 | 5.27 | 5.32 |
| Woodie | 4.45 | 4.60 | 4.94 | 5.09 | 5.43 | 5.58 | 5.92 |
| Fibonacci | 4.57 | 4.76 | 4.88 | 5.06 | 5.25 | 5.37 | 5.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.90 | 3.42 | 4.20 | 4.72 | 5.49 | 6.01 | 6.79 |
| Camarilla | 4.61 | 4.73 | 4.85 | 4.97 | 5.09 | 5.21 | 5.33 |
| Woodie | 3.03 | 3.48 | 4.32 | 4.78 | 5.62 | 6.07 | 6.91 |
| Fibonacci | 3.42 | 3.92 | 4.22 | 4.72 | 5.21 | 5.52 | 6.01 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.76 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 1.48 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 5.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.47 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 4.69 | |
| Zig ZAG (10): | 4.84 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 44.58 | |
| TEMA (21): | 5.10 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -4.8700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 6.47 |
| MA7: | 5.15 | |
| MA20: | 5.03 | |
| MA50: | 4.82 | |
| MA100: | 4.19 | |
| MAexp7: | 5.07 | |
| MAexp20: | 5.02 | |
| MAexp50: | 4.77 | |
| MAexp100: | 4.38 | |
| Price / MA7: | -6.21% | |
| Price / MA20: | -3.98% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +15.27% | |
| Price / MAexp7: | -4.73% | |
| Price / MAexp20: | -3.78% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +10.27% |
News
The last news published on KINROSS GOLD CORP. at the time of the generation of this analysis was as follows:
- Kinross to acquire high-quality development project with a large estimated resource
- Kinross reports 2019 second-quarter results
- Kinross to announce Q2 financial results on July 31, 2019
- Kinross announces Annual Shareholder Meeting voting results
- Kinross reports 2019 first-quarter results
This member declared not having a position on this financial instrument or a related financial instrument.
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