Knight-Swift Transportation Holdings Inc (KNX): Price Now Near $55.91; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for KNX

At the time of this writing, KNX (Get Ratings)’s price is down $-0.17 (-0.3%) from the hour prior. KNX has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on KNX; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

KNX ranks 29th in terms of today’s price percentage change out of Transportation stocks.

KNX’s Technical Outlook on the Daily Chart

At the moment, KNX’s price is up $0.4 (0.72%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows KNX’s price action over the past 90 days.

KNX

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KNX: Daily RSI Analysis

  • KNX’s RSI now stands at 23.9521.
  • KNX and RSI both have consistent trends, as they are both heading up.

For KNX News Traders

News traders keeping an eye on KNX may find value in this recent story:

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