Stronger Sell Today KNX ranks #4126 as SELL CANDIDATE #4126 Weaker Sell

KNX stock forecast Knight Transportation Inc

KNX stock forecast

Wednesday May 22, 2019 Change -1.91% Price $30.84
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will KNX stock price go up or down on Thu, 23 May 2019?

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Knight Transportation Inc Forecast and Stock Analysis

Technical KNX stock analysis for Wednesday May 22, 2019.

Sell candidate since 2019-05-06 Loss -7.33%
Shorts 15.10% ( 2019-04-15 )
Insider % n/a
Institutional % n/a
Beta 1.38
ROA 5.80%
Price to book USD 0.98
P/E Ratio 12.41
Next Earnings Date 2019-07-24


Knight Transportation Inc fell by -1.91% in the last day ( Wednesday, 22nd May 2019 ) from $31.44 to $30.84 During day the stock fluctuated 3.40% from a day low at $30.60 to a day high of $31.64. The price has risen in 7 of the last 10 days , but is still down by -1.38% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.40 million shares and in total 1.19 million shares bought and sold for approximately $36.75 million.

Quick summary:

  • 30 day high of the KNX stock price was $36.81 and low was $29.17.
  • 90 day high was $36.81 and low was $29.17.
  • 52 week high for the Knight Transportation Inc - $43.35 and low - $23.27.

Trend

Knight Transportation Inc lies in the middle of a wide and 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 -4.86% during the next 3 months and, with 90% probability hold a price between $27.72 and $33.83 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Knight Transportation Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $31.06 and $32.84. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 43 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Knight Transportation Inc finds support from accumulated volume at $30.55.

Support: $30.55 Price: $30.84 Resistance: $31.87

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.04 between high and low, or 3.40%. For the last week, the stock has had a daily average volatility of 3.13%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

3.13 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today KNX ranks #4126 as SELL CANDIDATE #4126 Weaker Sell
KNX $30.84 ($-0.60 -1.91%)
KNX is down $0.60 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for KNX based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will KNX stock price go up or down
on Thu, 23 May 2019?

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