KNX Price Prediction Next Week
Technical Analysis: KNX is currently trading at $53.87, showing a decline of 1.14% in the last regular trading session.
The stock has formed a bearish pattern over the past week, with lower highs and lower lows. The current price is testing support around $53.50. Volume patterns suggest increasing selling pressure.
News Impact: Recent news indicates potential headwinds for KNX:
- Trump's proposed tariffs on Canada and Mexico could significantly impact transportation companies like Knight-Swift Transportation
- The company could face challenges from cross-border trade disruptions and increased operational costs
Price Prediction for Next Week: Based on technical analysis and news sentiment:
- Resistance levels: $54.50, $55.20
- Support levels: $53.50, $52.80
Target price ranges for next week:
- Bearish scenario (60% probability): $52.50-$53.00
- Neutral scenario (30% probability): $53.50-$54.00
- Bullish scenario (10% probability): $54.50-$55.00
Trading Recommendation: SELL
- Entry point: Current price ($53.87)
- Target exit: $52.80
- Stop loss: $54.60
The bearish outlook is supported by:
- Negative technical momentum
- Potential trade policy headwinds
- Declining volume patterns
- Transportation sector weakness due to economic uncertainties
KNX Similar Chart Price Prediction
The price of KNX is predicted to go up 3.79%, based on the high correlation periods with KIDS. The similarity of these two price pattern on the periods is 95.37%.
KNX
KIDS
Up: 3.79%Similarity: 95.37%
KNX Revenue Forecast
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KNX VS S&P500
Market share gains linked to the failure of former industry giant Yellow are providing a material volume boost for Knight's LTL division.
Despite near-term normalization off pandemic highs, e-commerce growth should provide incremental demand tailwinds for Knight's nascent LTL division over the longer term (more frequent, yet smaller shipments).
The legacy Knight truckload operations historically ranked among the most efficient and profitable carriers in trucking, with an average operating ratio in the mid-80s prior to the Swift merger.
KNX Analyst's Forecast
David Hicks
Raymond James
Strong Buy
2025-01-23
Price Target
$62 → $66
Upside
+14.6%
Raymond James raised the firm's price target on Knight-Swift to $66 from $62 and keeps a Strong Buy rating on the shares. The firm views Knight-Swift as one of the most idiosyncratic stories in its transport coverage, even though the truckload market inflection will take time to develop amid a cloudy demand environment and slow TL supply exits, the analyst tells investors in a research note. The firm sees a compelling risk/reward setup.
Ken Hoexter
B of A Securities
Strong Buy
2025-01-16
Price Target
$61 → $63
Upside
+11.82%
Patrick Tyler Brown
Raymond James
Strong Buy
2025-01-10
Price Target
$60 → $62
Upside
+18.39%
