Fri 20'th Oct 2017

PERIOD 2017-07-21 - 2017-10-20
CHANGE 0.35%
PRICE $20.02
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Knoll Inc Stock Analysis

Technical stock analysis for Fri 20'th Oct 2017

Buy candidate since 2017-10-16 Gain 1.68%

Knoll Inc gained 0.35% in the last trading day, rising from $19.95 to $20.02 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 0.91% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 7 946 more shares were traded than the day before. In total, 173 428 shares bought and sold for approximately $3.47 million.

Trend

Knoll Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.13% during the next 3 months and, with 90% probability hold a price between $19.67 and $22.07 at the end of this period.

Signals

Only positive signals in the chart today. Knoll Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $19.85 and $19.14. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday October 16, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

A buy signal from a double bottom formation was found on Monday October 16, 2017 and based on theory for this formation the price should go up by 0.47% to $20.13 within 5 trading days since signal was issued (Monday October 23, 2017).

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Support & Resistance

Knoll Inc finds support from accumulated volume at $19.36. On the upside the stock meets some resistance just above today's level from accumulated volume at $20.05 and $20.08.

The stock is about to test the resistance from accumulated volume at $20.05 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $19.36 Price: $20.02 Resistance: $20.05

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.20 (1.00%) between high and low. For the last week, the stock has had a daily average volatility of 1.60%.

Our recommended stoploss: $18.89 (-5.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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