KNIFE RIVER CORP (KNF) Stock Technical Analysis
NYSE:KNF • US4988941047
Taking everything into account, KNF scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, KNF is only an average performer.
- KNF is one of the lesser performing stocks in the Construction Materials industry. 66% of 13 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- KNF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, KNF turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- KNF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so KNF is lagging the market.
Besides having an excellent technical rating, KNF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 89.37, a Stop Loss order could be placed below this zone.
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66.83
4 important support areas can be observed.
- A support zone ranging from 87.47 to 89.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 76.60 to 77.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 69.23 to 69.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.51 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 90.70 to 91.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 93.97 to 94.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for KNF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KNF is up. |
| ChartMill Relative Strength | 55.49 | NEUTRAL | KNF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KNF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KNF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KNF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.89 | NEUTRAL | The RSI value for KNF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests KNF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.36 | NEUTRAL | The Stochastics value for KNF is a neutral value. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for KNF suggests some volalility. |
| Average Directional Index/ADX (14) | 38.07 | POSITIVE | The high ADX value value for KNF suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.85 | 87.46 | 4.39 (4.78%) | 20.92% |
| An entry @91.85. This is a Buy Stop order right above the resistance zone. | An exit @87.46. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.39 points, which is 4.78%. | For a 1.00% total portfolio risk, you can invest 20.92% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KNF. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
89.38
+0.8 (+0.9%)
KNIFE RIVER CORP / KNF FAQ
What is the technical rating for KNF stock?
ChartMill assigns a technical rating of 8 / 10 to KNF.
What is the trend direction for KNF stock?
The current trend direction for KNIFE RIVER CORP (KNF) is Bullish.
What is the RSI signal for KNF stock?
KNIFE RIVER CORP (KNF) has an RSI value of 61.8886. This indicates that the stock is currently neutral.
What is the short term momentum for KNIFE RIVER CORP (KNF) stock?
The short term momentum for KNIFE RIVER CORP (KNF) is positive.
What is the support and resistance level for KNF stock?
KNIFE RIVER CORP (KNF) has a support level at 89.37 and a resistance level at 90.7. Check the full technical report for our detailed analysis of KNF support and resistance levels.