KINDER MORGAN INC is showing promising signs of setting up for a breakout.

KINDER MORGAN INC (NYSE:KMI) was identified as a Technical Breakout Setup Pattern by our stockscreener. Such a pattern occurs when we see a pause in a strong uptrend: after a strong rise the stock is consolidating a bit and at some point the trend may be continued. Whether this actually happens can not be predicted of course, but it may be a good idea to keep and eye on NYSE:KMI.

In-Depth Technical Analysis of NYSE:KMI

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

Taking everything into account, KMI scores 10 out of 10 in our technical rating. 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!
• When comparing the yearly performance of all stocks, we notice that KMI is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by KMI over the past year are nicely spread over this period.
• KMI is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 205 stocks in the same industry.
• 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.
• KMI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Our latest full technical report of KMI contains the most current technical analsysis.

How does the Setup look for NYSE:KMI

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NYSE:KMI is 8:

KMI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.50, a Stop Loss order could be placed below this zone.

How can NYSE:KMI be traded?

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.