RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of KNX
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Knight Transportation Inc stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Knight Transportation Inc stock price gained 2.65% on the last trading day (Thursday, 28th Mar 2024), rising from $53.60 to $55.02. It has now gained 3 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. During the last trading day the stock fluctuated 2.64% from a day low at $53.89 to a day high of $55.32. The price has been going up and down for this period, and there has been a 0.7% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 547 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $151.10 million.

The stock 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 -4.77% during the next 3 months and, with a 90% probability hold a price between $49.27 and $55.89 at the end of this 3-month period.

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KNX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 5.65%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $56.03. On a fall, the stock will find some support from the short-term average at $53.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 $54.37 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 $1.43 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 2.24%.

Our recommended stop-loss: $52.45 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (KNX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Knight Transportation Inc to open at $54.74, and during the day (based on 14 day Average True Range), to move between $53.71 and $56.33, which gives a possible trading interval of +/-$1.31 (+/-2.37%) up or down from last closing price. If Knight Transportation Inc takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $54.37 (1.18%) than the resistance at $56.39 (2.49%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.141 Hold/Accumulate Upgraded

Predicted Opening Price for Knight Transportation Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$54.74 ( 0.506%) $55.02

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 56.17 2.08 %
R2 55.62 1.09 %
R1 55.29 0.483 %
Current price: 55.02
Support S1 54.20 -1.50 %
S2 53.86 -2.11 %
S3 53.32 -3.10 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 57.90 5.23 %
R2 56.98 3.56 %
R1 56.39 2.49 %
Current price 55.02
Support S1 54.37 -1.18%
S2 52.62 -4.36%
S3 52.08 -5.34%

KNX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 02, 2024 Mar 07, 2024 Mar 25, 2024 $0.160 0.307%
2 Nov 13, 2023 Dec 07, 2023 Dec 22, 2023 $0.140 0.238%
3 Jul 27, 2023 Sep 07, 2023 Sep 25, 2023 $0.140 0.275%
4 Apr 28, 2023 Jun 08, 2023 Jun 27, 2023 $0.140 0.252%
5 Feb 03, 2023 Mar 02, 2023 Mar 27, 2023 $0.140 0.253%

FAQ

What is the symbol for Knight Transportation Inc Stock and on which exchange is it traded?
The symbol for Knight Transportation Inc is KNX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Knight Transportation Inc Stock?
Knight Transportation Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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.

How to buy Knight Transportation Inc Stock?
Knight Transportation Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Knight Transportation Inc Stock.

What's the current price of Knight Transportation Inc Stock?
As of the end of day on the 2024-03-28, the price of an Knight Transportation Inc (KNX) share was $55.02.

What is the 52-week high and low for Knight Transportation Inc Stock?
The 52-week high for Knight Transportation Inc Stock is $60.99 and the 52-week low is $45.73.

What is the market capitalization of Knight Transportation Inc Stock?
As of the 2024-03-28, the market capitalization of Knight Transportation Inc is 8.885B.

When is the next earnings date for Knight Transportation Inc?
The upcoming earnings date for Knight Transportation Inc is Apr 18, 2024.
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About Knight Transportation Inc

Knight Transportation Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. The company operates through four segments: Trucking, Logistics, Less-than-truckload (LTL), and Intermodal. Its trucking services include irregular route, dedicated, refrigerated, flatbed, expedited, dry van, drayage, and cross-border transportation of various products, goods, and material... KNX Profile

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