Kinder Morgan, 8th week of a sell signal
Kinder Morgan gains 1.7% as buyers step back in
Kinder Morgan, 8th week of a sell signal
Our view last week
Kinder Morgan's weekly technical analysis shows a still-boxed picture: the stock remains stuck in a very tight range just above the 32.2 area, the same range as last week, after June's double bottom in the 31 area and the 4% bounce. Money flow has turned slightly positive again and sellers are losing a bit of their edge, but neither side can push through. A new element now enters the picture: earnings land on July 22, this very week.
This week's summary
Kinder Morgan closes the week with a shift in volume: buyers climb to 68% of trading activity, the highest in four weeks, and the price bounces firmly off the 20-day average, in the 32 area. The weekly RSI rises to 56, the MACD histogram narrows toward zero, and money flow stays positive, even if fading since late June. Earnings are now behind us with no shock to the price, which stays boxed between resistance in the 33 area and support in the 32.4 area.
IQS Phase
58
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#136 / 141
US stocks
Trade P&L %
-3.72%
from signal to today
Rank position
ranks 136th among the 141 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
KMI belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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