KNOT Offshore Partners Technical Analysis (NYSE:KNOP)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The KNOP stock chart pattern can give those who understand technical analysis an indication of which way KNOP stock is headed, but cannot predict with 100% certainty as to what can happen to the KNOT Offshore Partners stock price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for KNOT Offshore Partners. Technical analysis uses an approach for KNOT Offshore Partners stock analysis that does not care for the fair value of a company but uses price and volume data only.
KNOT Offshore Partners Moving Average
Moving averages show the average price of KNOP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $22.03 is above the price of $21.65.
KNOT Offshore Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like KNOT Offshore Partners. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $21.65 is in the lower range of KNOT Offshore Partners bollinger bands.
KNOT Offshore Partners Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The KNOT Offshore Partners MACD line is above the signal line.
KNOT Offshore Partners Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of KNOP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.