Sell signal, sixth week: price in a standstill
Kinder Morgan (+0.2% this week): the decline stays boxed between two tight averages
Sell signal, sixth week: price in a standstill
Our view last week
Week 5 of a sell signal on Kinder Morgan, and the technical picture has cooled compared with prior weeks: selling pressure has eased, momentum stays weak but isn't worsening, and price has stayed pinned between two nearby levels. A decline that holds on paper, without finding fresh push.
This week's summary
As last week, Kinder Morgan shares stay boxed into a very tight range, between the 32.08 area and the 32.15 area, after the 5% bounce off late June's double bottom. Sellers still hold the volume edge (59%), but money flow keeps fading. The short is, for now, slightly underwater, at 1.4%.
IQS Phase
69
in tension
Signal Strength
21
decline losing steam
Sizing
MINIMUM
Ranking
#57 / 137
US stocks
Trade P&L %
-1.39%
from signal to today
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