The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 8
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Kinder Morgan Inc
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldRelative Strength Index bullish divergence
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the priceThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the Kinder Morgan Inc (KMI). During the week, the KMI dropped -0.26 points, or -1.49%, and closed at 17.24 on Friday, February 09, 2018. Weekly volume was 99% above average.

KMI is a member of Utilities Sector. Utilities is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See KMI long-term trend chart]
A long-term downtrend had started on October 3, 2016 at 23.36 and reached 16.56 on February 6, 2018. KMI lost 6.80 points, or 29.11%, in 70 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 15.76 and resistance is at 20.06. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See KMI medium-term trend chart]
A medium-term downtrend had started on February 3, 2017 at 23.01 and reached 16.56 on February 6, 2018. KMI lost 6.45 points, or 28.03%, in 52 weeks. The price is now at the 10.54% retracement level.

Weekly Technical Indicators: [See KMI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 22, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See KMI short-term trend chart]
A short-term downtrend had started on January 16, 2018 at 19.83 and reached 16.56 on February 6, 2018. KMI lost 3.27 points, or 16.49%, in 21 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.05 and resistance is at 19.40. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See KMI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since January 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

A Parabolic SAR (stop and reversal) indicator (17.3) comes close to the price (17.24). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands (21.81%) is close to one year high (15.09%). It is 179.98% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.27
Williams' Percentage Range (W%R) 87.80
Oversold
Lane's Stochastic (%D-Slow) 22.18
Greed/Fear Indicator (GFI) 19.23
Oversold
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.47
Bullish
Williams' Percentage Range (W%R) 87.80
Oversold
Lane's Stochastic (%D-Slow) 63.54
Greed/Fear Indicator (GFI) 41.62
Moving Average Converg./Diverg. (MACD) -0.39
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 20.06
Upper Bollinger Band 19.90
Weekly Trendline Resistance 19.40
20 Day Moving Average 18.41
Weekly Stochastic Crossing 18.39
50 Day Moving Average 18.19
Parabolic System 17.30
Price 17.24
Daily Stochastic Crossing 17.03
Lower Bollinger Band 16.12
Weekly Trendline Support 16.05
Quarterly Trendline Support 15.76
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Gas Utilities 19
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.56
Low Date 02/06/2018
High 17.56
High Date 02/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 19.40
Support 16.05
High 19.83
High Date 01/16/2018
Low 16.56
Low Date 02/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.01
High Date 02/03/2017
Low 16.56
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 20.06
Support 15.76
High 23.36
High Date 10/03/2016
Low 16.56
Low Date 02/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.71
High Date 04/24/2015
Low 11.20
Low Date 01/20/2016
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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