In-Depth Technical Analysis of KINDER MORGAN INC.

Our stock screener has flagged KINDER MORGAN INC (NYSE:KMI) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:KMI for potential movement.

What is the technical picture of NYSE:KMI telling us.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

We assign a technical rating of 10 out of 10 to KMI. Both in the recent history as in the last year, KMI has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, KMI did better than 79% of all other stocks. We also observe that the gains produced by KMI over the past year are nicely spread over this period.
• KMI is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. KMI outperforms 71% of them.
• KMI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month KMI has a been trading in a tight range between 19.47 and 20.19.

Check the latest full technical report of KMI for a complete technical analysis.

How do we evaluate the setup for NYSE:KMI?

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NYSE:KMI currently holds a 9 as its setup rating, suggesting a particular level of consolidation in the stock.

KMI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.05, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Trading breakout setups.

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

More breakout setups can be found in our Breakout screener.

Disclaimer

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.