KNIGHT-SWIFT TRANSPORTATION (KNX) Stock Technical Analysis
NYSE:KNX - New York Stock Exchange, Inc. - US4990491049 - Common Stock - Currency: USD
Overall KNX gets a technical rating of 2 out of 10. In the past year, KNX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
74% of all other stocks performed better in the past year than KNX.
In the last month KNX has a been trading in the 39.34 - 49.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
KNX has an average volume of 3170860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
KNX is part of the Ground Transportation industry. There are 39 other stocks in this industry, KNX did better than 47% of them.
KNX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KNX is lagging the market slightly.
Although the technical rating is bad, KNX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 44.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
37.77
60.97
We found 2 important support areas.
- A support zone ranging from 43.54 to 44.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.15 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @44.57 from a trend line in the daily time frame.
- Resistance @45.66 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 46.73 to 47.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @53.38 from a trend line in the weekly time frame.
- A resistance zone ranging from 58.88 to 60.37. 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 | DOWN | NEGATIVE | The long term trend for KNX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KNX is up. |
| ChartMill Relative Strength | 26.85 | NEGATIVE | KNX has a low relative strength, it was outperformed by 73.15% 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) | DOWN | MIXED | The current price of KNX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KNX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.96 | NEUTRAL | The RSI value for KNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests KNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.06 | NEUTRAL | The Stochastics value for KNX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for KNX suggests some volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for KNX 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)
44.32
+0.11 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.25%
1 Week1.91%
2 Weeks-2.72%
1 Month13.7%
3 Month-12.13%
6 Month-25.34%
12 Month-8.15%
2 Year-19.4%
3 Year-8.88%
5 Year6.51%
10 Year11.57%
15 Year60.52%
Volatility
ATR(14)1.4
ATR(20)%3.28%
ATR Inc-45.73%
Range Today1.02
ADR(20)1.13
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.85
Mansfield-1.45
10 Day High46.08
10 Day Low42.69
20 Day High49.39
20 Day Low39.34
52 Week High61.51
52 Week Low36.69
CS1 End44.24
CR1 Start44.57
Volume & EV
DER(3)-4.92%
DER(5)-2.63%
Volume2.83M
Volume Incr-27.33%
Vol(5)2.09M
Vol(50)3.17M