Knight Transportation Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Thursday for Knight Transportation Inc
(Updated on May 02, 2024)
The Knight Transportation Inc stock price gained 0.384% on the last trading day (Thursday, 2nd May 2024), rising from $46.89 to $47.07. During the last trading day the stock fluctuated 1.67% from a day low at $46.74 to a day high of $47.52. The price has been going up and down for this period, and there has been a -1.69% loss for the last 2 weeks. Volume fell on the last day by -598 thousand shares and in total, 2 million shares were bought and sold for approximately $81.21 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 lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.50% during the next 3 months and, with a 90% probability hold a price between $36.41 and $39.79 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KNX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.82%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Knight Transportation Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $47.08 and $51.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Knight Transportation Inc stock
Knight Transportation Inc finds support from accumulated volume at $46.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.780 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KNX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Knight Transportation Inc to open at $47.11, and during the day (based on 14 day Average True Range), to move between $45.70 and $48.44, which gives a possible trading interval of +/-$1.37 (+/-2.92%) up or down from last closing price. If Knight Transportation Inc takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $46.89 (0.38%) than the resistance at $47.88 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Knight Transportation Inc stock A Buy?
Knight Transportation Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.496 Sell Candidate Unchanged
Predicted Opening Price for Knight Transportation Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $47.11 ( 0.0850%) | $47.07 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 47.89 | 1.74 % | |
| R2 | 47.59 | 1.11 % | ||
| R1 | 47.41 | 0.718 % | ||
| Current price: | 47.07 | |||
| Support | S1 | 46.81 | -0.548 % | |
| S2 | 46.63 | -0.94 % | ||
| S3 | 46.33 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.08 | 10.64 % | |
| R2 | 48.53 | 3.10 % | ||
| R1 | 47.88 | 1.72 % | ||
| Current price | 47.07 | |||
| Support | S1 | 46.89 | -0.382% | |
| S2 | 46.86 | -0.446% | ||
| S3 | 46.23 | -1.78% |
KNX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 10, 2024 | $0 | 0% |
| 2 | Feb 02, 2024 | Mar 07, 2024 | Mar 25, 2024 | $0.160 | 0.307% |
| 3 | Nov 13, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.140 | 0.238% |
| 4 | Jul 27, 2023 | Sep 07, 2023 | Sep 25, 2023 | $0.140 | 0.275% |
| 5 | Apr 28, 2023 | Jun 08, 2023 | Jun 27, 2023 | $0.140 | 0.252% |
FAQ
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