Kinder Morgan: the decline retakes control
Kinder Morgan stock drops 5.6% as the decline retakes control
Our view last week
Kinder Morgan closes the week up 6.4%, with 99% of trading on the buy side: the push that had been carrying the Sell signal, in its 10th week of management, has suddenly reversed. Money flow has been rising for a month, the ADX is losing conviction, and the trade — still in profit just above 2% last week — has now slipped into a loss of in the 3.6 area%.
This week's summary
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.
IQS Phase
85
in tension / maturity
Signal Strength
53
decline starting to make lower lows
Sizing
STANDARD
Ranking
#17 / 93
US stocks
Trade P&L %
+2.21%
from signal to date, no stop loss
Rank position
ranks 17th among the 93 sell signals for US stocks in our ranking, with a signal strength of 53 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimeweak phase
Performanceweekly -3.36% · monthly +0.78%
KMI belongs to the industrial sector (reference ETF XLI). The sector is classified weak phase according to our weekly reading.
restricted Platinum content