KNOT OFFSHORE PARTNERS LP (KNOP) Stock Technical Analysis
NYSE:KNOP - New York Stock Exchange, Inc. - MHY481251012 - Common Stock - Currency: USD
Taking everything into account, KNOP scores 5 out of 10 in our technical rating. In the last year, KNOP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
KNOP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KNOP is lagging the market.
In the last month KNOP has a been trading in the 6.21 - 6.90 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the performance of all stocks over the past year, KNOP turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
KNOP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 63% of 213 stocks in the same industry.
Although the technical rating is only medium, KNOP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for KNOP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.94
7.74
5 important support areas can be observed.
- A support zone ranging from 6.28 to 6.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.17 from a horizontal line in the daily time frame.
- Support @5.53 from a trend line in the weekly time frame.
- A support zone ranging from 5.34 to 5.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.99 from a horizontal line in the weekly time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 6.36 to 6.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.49 to 6.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.65 to 6.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.88 from a horizontal line in the daily time frame.
- Resistance @7.66 from a horizontal line 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 KNOP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for KNOP is neutral. |
| ChartMill Relative Strength | 42.82 | NEUTRAL | KNOP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KNOP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of KNOP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of KNOP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.2 | NEUTRAL | The RSI value for KNOP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests KNOP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.72 | NEUTRAL | The Stochastics value for KNOP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for KNOP suggests some volalility. |
| Average Directional Index/ADX (14) | 17.86 | NEGATIVE | The low ADX value for KNOP suggests a weak or negative 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)
6.31
-0.08 (-1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.25%
1 Week-0.16%
2 Weeks-8.15%
1 Month-0.94%
3 Month10.51%
6 Month10.7%
12 Month-11.13%
2 Year27.73%
3 Year-61.45%
5 Year-54.11%
10 Year-67%
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%3.56%
ATR Inc-7.51%
Range Today0.23
ADR(20)0.21
ADR(20)%3.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.82
Mansfield-0.63
10 Day High6.7
10 Day Low6.21
20 Day High6.9
20 Day Low6.21
52 Week High9.11
52 Week Low5.28
CS1 End6.3
CR1 Start6.36
Volume & EV
DER(3)3.34%
DER(5)0.9%
Volume38.93K
Volume Incr-0.54%
Vol(5)58.10K
Vol(50)82.63K