KNOT OFFSHORE PARTNERS LP (KNOP) Stock Technical Analysis
NYSE:KNOP - MHY481251012 - Common Stock
7.57 USD
+0.03 (+0.4%)
7.6 USD
+0.03 (+0.4%)
Taking everything into account, KNOP scores 8 out of 10 in our technical rating. Although KNOP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
KNOP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 78% of 208 stocks in the same industry.
KNOP is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month KNOP has a been trading in the 6.76 - 7.61 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, KNOP did better than 71% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, KNOP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.58. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for KNOP in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.58
7.70
We found 6 important support areas.
- A support zone ranging from 7.13 to 7.15. 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 6.85 to 6.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.72 from a trend line in the daily time frame.
- Support @6.37 from a horizontal line in the daily time frame.
- Support @6.22 from a horizontal line in the daily time frame.
- Support @5.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.58 to 7.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 KNOP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KNOP is up. |
| ChartMill Relative Strength | 71.99 | POSITIVE | KNOP has a high relative strength, it outperformed 71.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KNOP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KNOP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KNOP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.13 | NEUTRAL | The RSI value for KNOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests KNOP has a positive trend. |
| Stochastics (14,3) | 92.04 | OVERBOUGHT | The high Stochastics value suggests KNOP may be overbought. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for KNOP suggests some volalility. |
| Average Directional Index/ADX (14) | 22.04 | NEUTRAL | The ADX value for KNOP suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 7.63 | 7.12 | 0.51 (6.68%) | 14.96% |
| An entry @7.63. This is a Buy Stop order right above the resistance zone. | An exit @7.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.51 points, which is 6.68%. | For a 1.00% total portfolio risk, you can invest 14.96% of your capital in this trade. |
- 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.
7.57
+0.03 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.4%
1 Week4.7%
2 Weeks1.88%
1 Month8.92%
3 Month18.65%
6 Month35.42%
12 Month7.68%
2 Year42.03%
3 Year-52.72%
5 Year-38.75%
10 Year-58.7%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%2.94%
ATR Inc-35.59%
Range Today0.16
ADR(20)0.21
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.99
Mansfield0.85
10 Day High7.61
10 Day Low6.95
20 Day High7.61
20 Day Low6.76
52 Week High7.72
52 Week Low5.28
CS1 End7.15
CR1 Start7.58
Volume & EV
DER(3)3.67%
DER(5)3.48%
Volume47.20K
Volume Incr34.14%
Vol(5)54.36K
Vol(50)56.83K