Friday, February 19, 2021 1:20:16 PM
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Friday, shares of Kinross Gold Corp. (TSE:K.CA) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $8.31 per share. By comparison, the current RSI reading of the S&P/TSX Composite Index is 61.3. A bullish investor could look at K.CA's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of K.CA shares:
Looking at the chart above, K.CA's low point in its 52 week range is $4 per share, with $13.59 as the 52 week high point — that compares with a last trade of $8.31.
http://www.canadastockchannel.com/article/202102/kinross-gold-corp-becomes-oversold-k-ca-K.CA02192021rsica.htm/
Recent KGC News
- Kinross to announce Q2 results on July 31, 2024 • GlobeNewswire Inc. • 06/27/2024 09:00:20 PM
- Kinross releases 2023 Sustainability Report • GlobeNewswire Inc. • 05/29/2024 09:00:04 PM
- Kinross announces Annual Shareholder Meeting voting results • GlobeNewswire Inc. • 05/09/2024 09:00:32 PM
- Kinross reports 2024 first-quarter results • GlobeNewswire Inc. • 05/07/2024 09:00:22 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 05/07/2024 09:00:00 PM
- AbraSilver Announces C$20 Million in Strategic Investments by Kinross Gold and Central Puerto and Formation of a Regional Partnership in Argentina • PR Newswire (Canada) • 04/22/2024 11:30:00 AM
- Kinross to announce Q1 results on May 7, 2024 • GlobeNewswire Inc. • 04/09/2024 09:00:08 PM
- White Gold Corp. Discovers 1 km Long Gold-In-Soil Anomaly 9 km Northwest of Its VG Deposit, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 02/22/2024 12:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/15/2024 12:10:38 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/14/2024 10:27:25 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 02/14/2024 10:07:03 PM
- Kinross reports 2023 fourth-quarter and full-year results • GlobeNewswire Inc. • 02/14/2024 10:06:48 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/25/2024 06:48:51 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/18/2024 04:17:56 PM
- Kinross to announce 2023 Q4/full-year results and 2024 guidance on February 14, 2024 • GlobeNewswire Inc. • 01/15/2024 10:00:58 PM
- White Gold Corp. Intercepts 5.04 g/t Au over 20.85m in Western Extension of Near Surface High-Grade Gold Zone & Identifies Additional Gold Occurrences in the Sulphide Domain at Betty Ford Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 11/14/2023 11:30:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/09/2023 01:46:53 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/08/2023 10:04:32 PM
- Kinross declares quarterly dividend • GlobeNewswire Inc. • 11/08/2023 10:00:31 PM
- Kinross reports strong 2023 third-quarter results • GlobeNewswire Inc. • 11/08/2023 10:00:26 PM
- White Gold Corp. Intersects 5.03 g/t Gold over 25.0m within 2.96 g/t Gold over 46.5m Significantly Expanding Width of Near Surface Gold Zone by 50% at Betty Ford Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 11/08/2023 12:00:00 PM
- Kinross to announce Q3 results on November 8, 2023 • GlobeNewswire Inc. • 10/04/2023 09:00:41 PM
- White Gold Corp. Intersects Broad Zones of Near Surface Gold Mineralization including 3.38 g/t Au over 53 m at Betty Ford Target, and 1.4 g/t Gold over 58.4 m at Vertigo Target, White Gold District, Yukon, Canada • GlobeNewswire Inc. • 09/07/2023 11:00:00 AM
- Aurion Signs Definitive Option Agreement with Kinross on the Launi East Property • PR Newswire (Canada) • 08/23/2023 11:00:00 AM
- White Gold Corp. Commences Maiden Diamond Drilling at Cali Target on Nolan Property, Yukon, Canada • GlobeNewswire Inc. • 08/15/2023 11:00:00 AM
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VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM