KNF Price Prediction Next Week
Technical Analysis
Recent price action shows KNF stock has formed a bearish pattern with lower highs and lower lows. The stock closed at $102.90 on February 19, down 2% from the previous session. Volume has been declining, indicating weakening momentum.
News Sentiment & Analyst Views
- Loop Capital Markets maintains Buy rating with $121 price target
- Strong Buy consensus with average price target of $119
- Recent analyst conference call on February 11 included KNF among highlighted stocks
- Company reported record 2024 financial results
Price Prediction (Feb 26-Mar 1) Based on technical indicators and current momentum:
- Resistance levels: $105, $108.83 (52-week high)
- Support levels: $100, $98
Most likely scenario (60% probability):
- Price range: $98-103
- Target: $100.50
- Bearish short-term outlook due to negative momentum and broader market weakness
Trading Recommendation SELL with following parameters:
- Entry: Current price ($102.90)
- Stop loss: $105.50
- First target: $100.50
- Second target: $98.00
The stock appears overbought at current levels and technical indicators suggest continued downward pressure in the coming week. The risk/reward ratio favors a short position with defined risk management levels.
KNF Similar Chart Price Prediction
The price of KNF is predicted to go up 7.29%, based on the high correlation periods with CNX. The similarity of these two price pattern on the periods is 90.62%.
KNF
CNX
Up: 7.29%Similarity: 90.62%
KNF Revenue Forecast
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KNF Analyst's Forecast
Ian Zaffino
Oppenheimer
Buy
2024-12-13
Price Target
$110 → $120
Upside
+17.29%
Oppenheimer analyst Ian Zaffino raised the firm's price target on Knife River to $120 from $110 and keeps an Outperform rating on the shares. Management provided a roadmap to 20%-plus EBITDA margins over the medium-term at the firm's Industrial Summit, saying it will now rely more on organic, self-help initiatives rather than less uncertain aggregates-heavy M&A, the analyst tells investors in a research note. The demand environment remains solid and Infrastructure Investment and Jobs Act spending remains a tailwind in Knife River's markets, Oppenheimer says.
Ian Zaffino
Oppenheimer
Buy
2024-10-21
Price Target
$85 → $110
Upside
+15.86%
