KNIGHT-SWIFT TRANSPORTATION (KNX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:KNX - US4990491049 - Common Stock
Overall KNX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KNX is showing a nice and steady performance.
KNX has an excellent technical rating and 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 53.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 53.06, a Stop Loss order could be placed below this zone.
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37.78
4 important support areas can be observed.
- A support zone ranging from 52.35 to 53.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.43 from a trend line in the daily time frame.
- A support zone ranging from 38.92 to 38.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.16 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 53.58 to 53.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.79 from a horizontal line in the weekly 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 KNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KNX is up. |
| ChartMill Relative Strength | 81.38 | POSITIVE | KNX has a high relative strength, it outperformed 81.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.22 | OVERBOUGHT | The high RSI value suggests KNX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests KNX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.19 | OVERBOUGHT | The high Stochastics value suggests KNX may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for KNX suggests some volalility. |
| Average Directional Index/ADX (14) | 38.6 | POSITIVE | The high ADX value value for KNX 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 |
|---|---|---|---|
| 53.97 | 52.34 | 1.63 (3.02%) | 25.00% |
| An entry @53.97. This is a Buy Stop order right above the resistance zone. | An exit @52.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.63 points, which is 3.02%. | For a 0.76% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of KNX. 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.
53.57
-0.04 (-0.07%)
KNIGHT-SWIFT TRANSPORTATION / KNX FAQ
What is the technical rating for KNX stock?
ChartMill assigns a technical rating of 9 / 10 to KNX.
What is the current trend direction of KNIGHT-SWIFT TRANSPORTATION (KNX) stock?
The current trend direction for KNIGHT-SWIFT TRANSPORTATION (KNX) is Bullish.
Can you provide the RSI signal for KNIGHT-SWIFT TRANSPORTATION?
KNIGHT-SWIFT TRANSPORTATION (KNX) has an RSI value of 70.2239. This indicates that the stock is currently overbought.
What is the MACD signal for KNIGHT-SWIFT TRANSPORTATION (KNX) stock?
The MACD indicator for KNIGHT-SWIFT TRANSPORTATION (KNX) has a value of 0.0101752, indicating a bearish trend.
What is the short term momentum for KNIGHT-SWIFT TRANSPORTATION (KNX) stock?
The short term momentum for KNIGHT-SWIFT TRANSPORTATION (KNX) is positive.