KNOT Offshore Partners Technical Analysis (NYSE:KNOP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical 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. The 20 day moving average of $20.32 is above the last closing price of $19.85 and the 50 day moving average of $20.87 is above the last closing price of $19.85. The 10 and 20 day periods can predict short term moving average trends.
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. KNOT Offshore Partners bollinger bands show that the stock price is $19.85, upper band is 21.17, lower band is 19.46, and the average is 20.32.
KNOT Offshore Partners Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The KNOT Offshore Partners MACD indicator is above 0 indicating a bullish trend.
KNOT Offshore Partners Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of KNOP stock is 42.55.