Sell signal, 13th week of management
Kinder Morgan stock rises 1.9%: the decline loses steam after 13 weeks
Our view last week
Kinder Morgan's decline is back in force: after last week's bounce, Kinder Morgan stock fell 5.6% this week, with 94% of trading on the sell side, wiping out the rally. On the daily chart a sequence of lower highs is taking shape in the 32 area, while price stays boxed between two tight moving averages. The short is back in profit just above 2%, in its 12th week of management.
This week's summary
After last week's tumble, Kinder Morgan stock bounces 1.9% and buyers retake control of volume, 60% against 40%. But the weekly candle closes with a fading body — the rebound lacks technical confirmation, and the ADX has now fallen for a 5th straight week running. Technical analysis of the sell signal, in its 13th week of management.
IQS Phase
58
ordinary
Signal Strength
38
decline losing steam
Sizing
REDUCED
Ranking
#34 / 96
US stocks
Trade P&L %
+0.38%
from signal to date, no stop loss
Rank position
ranks 34th among the 96 sell signals for US stocks in our ranking, with a signal strength of 38 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -1.73% · monthly +0.27%
KMI belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
restricted Platinum content