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Gas Utilities Industry Stocks Technical Analysis - KMIArchive
- 5/10/2024 -
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Kinder Morgan Inc (KMI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Kinder Morgan Inc (KMI). During the week, the KMI gained 0.51 points, or 2.75%, and closed at 19.08 on Friday, May 10, 2024. Weekly volume was -22% below average.
KMI is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See KMI long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 20.20 and reached 15.77 on June 17, 2022. KMI lost 4.43 points, or 21.93%, in 1 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (16.03) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. KMI may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
Medium-term trend: [See KMI medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 15.77 and reached 19.36 on December 1, 2022. KMI gained -3.59 points, or -22.76%, in 23 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (16.03) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See KMI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See KMI short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 16.47 and reached 19.17 on May 10, 2024. KMI gained -2.70 points, or -16.39%, in 87 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 18.26 and resistance is at 19.39. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
Daily Technical Indicators: [See KMI daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Utilities |
12 |
| Industry |
Gas Utilities |
114 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
17.61 |
| Low Date |
04/16/2024 |
| High |
19.17 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
19.39 |
| Support |
18.26 |
| Low |
16.47 |
| Low Date |
02/13/2024 |
| High |
19.17 |
| High Date |
05/10/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Test Resistance |
| Resistance |
19.07 |
| Support |
16.87 |
| Low |
15.89 |
| Low Date |
10/04/2023 |
| High |
19.17 |
| High Date |
05/10/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Resistance |
| Resistance |
16.97 |
| Support |
16.03 |
| Low |
15.77 |
| Low Date |
06/17/2022 |
| High |
19.36 |
| High Date |
12/01/2022 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Descending Triangle |
| Status |
Broken Resistance |
| Resistance |
16.93 |
| Support |
16.03 |
| High |
20.20 |
| High Date |
06/08/2022 |
| Low |
15.77 |
| Low Date |
06/17/2022 |
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