Knight Transportation Inc Stock Forecast
About Chart
Golden Star
The Golden Star is a refined bullish signal based on the Golden Cross, developed by Jim Stromberg, incorporating additional time frame-specific moving averages and precise price line crossings. This signal is effective for liquid stocks, highlighting short-term upward momentum.
Death Star
The Death Star, developed by Jim Stromberg, is the bearish counterpart to the Golden Star, serving as a sell signal. It is triggered by specific moving average crossings on the price line, indicating a likely prolonged decline in the stock.
Golden Cross
The Golden Cross is a bullish signal where the short-term moving average crosses above the long-term moving average, indicating potential upward momentum.
Death Cross
The Death Cross is a bearish signal where the short-term moving average crosses below the long-term moving average, indicating potential downward momentum.
Pivot Bottom
A Pivot Bottom is a significant low point identified by algorithms developed by StockInvest.us. While it may indicate a short-term directional change, it does not necessarily imply a complete trend reversal. Pivot Bottoms are marked as green circles on the price line.
Pivot Top
A Pivot Top represents a significant high point identified by algorithms developed by StockInvest.us. Similar to Pivot Bottoms, it may suggest a short-term directional change within the main trend, rather than a full trend reversal. Pivot Tops are marked as red circles on the price line.
RSI Oversold
RSI oversold indicates that a stock has declined significantly and may be undervalued, potentially presenting a buying opportunity. This condition is marked by a green line on the chart but should be confirmed with other indicators before taking action.
RSI Overbought
RSI overbought suggests that a stock has risen rapidly and may be due for a pullback. It is marked by a red line on the chart, signaling increased risk. This doesn’t necessarily mean it’s time to sell, but it’s important to monitor closely.
Accumulated Volume
The bars indicate how much stock has been traded on each price during the chart period.
Buy Signal (MA)
Buy signal from moving average indicating potential upward movement.
Sell Signal (MA)
Sell signal from moving average indicating potential downward movement.
AI Analysis of KNX
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Green day on Friday for Knight Transportation Inc
(Updated on Oct 11, 2024)
Buy or Hold candidate since Oct 07, 2024
Loss -0.20%
The Knight Transportation Inc stock price gained 1.56% on the last trading day (Friday, 11th Oct 2024), rising from $50.13 to $50.91. During the last trading day the stock fluctuated 2.48% from a day low at $50.10 to a day high of $51.34. The price has fallen in 7 of the last 10 days and is down by -5.81% for this period. Volume fell on the last day by -487 thousand shares and in total, 1 million shares were bought and sold for approximately $51.95 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $49.91 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Knight Transportation Inc stock with a 90% probability to be traded between $50.66 and $55.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
KNX Signals & Forecast
There are mixed signals in the stock today. The Knight Transportation Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $52.05. On a fall, the stock will find some support from the short-term average at $50.87. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, October 04, 2024, and so far it has risen 2.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
A buy signal from a double bottom formation was found on Friday, October 04, 2024 and based on theory for this formation the price should go up by 6.62% to $54.28 within 20 trading days (Friday, November 01, 2024) since signal was issued.
Support, Risk & Stop-loss for Knight Transportation Inc stock
Knight Transportation Inc finds support from accumulated volume at $50.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.24 (2.48%) between high and low. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: $48.36 (-5.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (KNX) For The Upcoming Trading Day Of Monday 14th
For the upcoming trading day on Monday, 14th we expect Knight Transportation Inc to open at $50.78, and during the day (based on 14 day Average True Range), to move between $49.40 and $52.42, which gives a possible trading interval of +/-$1.51 (+/-2.97%) up or down from last closing price. If Knight Transportation Inc takes out the full calculated possible swing range there will be an estimated 5.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $51.01 (0.20%) than the support at $50.00 (1.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Knight Transportation Inc stock A Buy?
Knight Transportation Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score:
-0.258
Hold/Accumulate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on October 14, 2024 - $50.78 ( 0.249%). The predicted opening price is based on yesterday's movements between high, low, and closing price.Trading levels for KNX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.02 | 2.19% |
| R2 | 51.55 | 1.26% |
| R1 | 51.26 | 0.682% |
| Price | 50.91 | |
| S1 | 50.31 | -1.18% |
| S2 | 50.02 | -1.75% |
| S3 | 49.54 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.05 | 2.24% |
| R2 | 51.46 | 1.08% |
| R1 | 51.01 | 0.196% |
| Price | 50.91 | |
| S1 | 50.00 | -1.79% |
| S2 | 49.85 | -2.08% |
| S3 | 48.98 | -3.79% |
KNX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2024 | Sep 06, 2024 | Sep 23, 2024 | $0.160 | 0.304% |
| 2 | May 01, 2024 | Jun 10, 2024 | Jun 24, 2024 | $0.160 | 0.327% |
| 3 | May 01, 2024 | Jun 07, 2024 | Jun 24, 2024 | $0.160 | 0.327% |
| 4 | Feb 02, 2024 | Mar 07, 2024 | Mar 25, 2024 | $0.160 | 0.307% |
| 5 | Nov 13, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.140 | 0.238% |
FAQ
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