KNOT Offshore Partners LP 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
KNOT Offshore Partners LP stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)
The KNOT Offshore Partners LP stock price gained 0.80% on the last trading day (Thursday, 18th Apr 2024), rising from $4.98 to $5.02. During the last trading day the stock fluctuated 4.05% from a day low at $4.94 to a day high of $5.14. The price has fallen in 6 of the last 10 days and is down by -5.1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 95 thousand shares were bought and sold for approximately $475.25 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.96% during the next 3 months and, with a 90% probability hold a price between $4.37 and $4.88 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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KNOP Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.80%. Further rise is indicated until a new top pivot has been found. KNOT Offshore Partners LP has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KNOT Offshore Partners LP 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 $5.09 and $5.24. 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 KNOT Offshore Partners LP stock
KNOT Offshore Partners LP finds support from accumulated volume at $4.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.200 between high and low, or 4.05%. For the last week the stock has had daily average volatility of 4.23%.
Our recommended stop-loss: $4.73 (-5.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (KNOP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect KNOT Offshore Partners LP to open at $5.03, and during the day (based on 14 day Average True Range), to move between $4.85 and $5.19, which gives a possible trading interval of +/-$0.175 (+/-3.48%) up or down from last closing price. If KNOT Offshore Partners LP takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.98 (0.80%) than the resistance at $5.50 (9.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KNOT Offshore Partners LP stock A Buy?
KNOT Offshore Partners LP holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.459 Hold/Accumulate Upgraded
Predicted Opening Price for KNOT Offshore Partners LP of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $5.03 ( 0.266%) | $5.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNOP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.23 | 4.25 % | |
| R2 | 5.16 | 2.73 % | ||
| R1 | 5.11 | 1.79 % | ||
| Current price: | 5.02 | |||
| Support | S1 | 4.96 | -1.26 % | |
| S2 | 4.91 | -2.20 % | ||
| S3 | 4.83 | -3.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.90 | 17.53 % | |
| R2 | 5.74 | 14.34 % | ||
| R1 | 5.50 | 9.56 % | ||
| Current price | 5.02 | |||
| Support | S1 | 4.98 | -0.797% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KNOP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 26, 2024 | May 09, 2024 | $0.0260 | 0.517% |
| 2 | Jan 16, 2024 | Jan 26, 2024 | Feb 08, 2024 | $0.0260 | 0.452% |
| 3 | Oct 12, 2023 | Oct 25, 2023 | Nov 09, 2023 | $0.0260 | 0.448% |
| 4 | Jul 13, 2023 | Jul 26, 2023 | Aug 10, 2023 | $0.0260 | 0.500% |
| 5 | Apr 13, 2023 | Apr 26, 2023 | May 11, 2023 | $0.0260 | 0.579% |
FAQ
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