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Uptrend Broken SupportArchive
- 4/5/2024 -
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Kinder Morgan Inc (KMI) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Kinder Morgan Inc (KMI). During the week, the KMI climbed 0.12 points, or 0.65%, and closed at 18.46 on Friday, April 5, 2024. Weekly volume was -22% below average.
 Long-term trend: [See KMI long-term trend chart]
A long-term uptrend had started on February 2, 2021 at 13.75 and reached 20.20 on June 8, 2022. KMI gained -6.45 points, or -46.91%, in 70 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (18.53) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support 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 (16.02) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 relatively 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 October 4, 2023 at 15.89 and reached 18.72 on April 4, 2024. KMI gained -2.83 points, or -17.81%, in 183 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 16.70 and resistance is at 19.17. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See KMI daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since March 18, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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