KNX Forecast and Technical Stock AnalysisBuy candidate since 2019-07-12
Knight Transportation Inc gained 6.48% in the last trading day ( Friday, 12th Jul 2019 ), rising from $31.49 to $33.53 During day the stock fluctuated 6.87% from a day low at $31.42 to a day high of $33.58. The price has been going up and down for this period, and there has been a 6.65% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.33 million more shares were traded than the day before. In total, 2.29 million shares bought and sold for approximately $76.85 million.
- 30 day high of the KNX stock price was $33.76 and low was $29.44.
- 90 day high was $36.81 and low was $27.03.
- 52 week high for the Knight Transportation Inc - $39.14 and low - $23.27.
Knight Transportation Inc lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $34.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.97% during the next 3 months and, with 90% probability hold a price between $25.45 and $32.81 at the end of this period.
Only positive signals in the chart today. Knight Transportation 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 $32.85 and $31.18. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 11, 2019, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 57 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $31.36 and $30.05.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Knight Transportation Inc finds support just below today's level at $31.36. If this is broken, then the next support from accumulated volume will be at $30.05 and $29.55.
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 $2.16 (6.87%) between high and low. For the last week, the stock has had a daily average volatility of 4.14%.
Our recommended stoploss: $32.10 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
4.14 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|KNX $33.53 ($2.04 6.48%)|
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