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Yearly Price vs. Trendline:Testing Support
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 5/3/2024 -
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Kinder Morgan Inc (KMI) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Kinder Morgan Inc (KMI). During the week, the KMI gave back -0.11 points, or -0.59%, and closed at 18.57 on Friday, May 3, 2024. Weekly volume was 8% above average.

KMI is a member of Utilities Sector. Utilities is the most overbought 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 June 8, 2022 at 20.20 and reached 15.77 on June 17, 2022. KMI lost 4.43 points, or 21.93%, in 1 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (16.03) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See KMI medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 15.77 and reached 19.36 on December 1, 2022. KMI gained -3.59 points, or -22.76%, in 23 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (16.03) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See KMI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See KMI short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 17.61 and reached 18.92 on April 22, 2024. KMI gained -1.31 points, or -7.44%, in 6 days. The price is now at the 26.72% retracement level.

Daily Technical Indicators: [See KMI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.10
Williams' Percentage Range (W%R) 29.80
Lane's Stochastic (%D-Slow) 44.19
Greed/Fear Indicator (GFI) 58.84
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.70
Williams' Percentage Range (W%R) 15.90
Overbought
Lane's Stochastic (%D-Slow) 82.26
Overbought
Greed/Fear Indicator (GFI) 76.14
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
Upper Bollinger Band 19.07
Monthly Trendline Resistance 19.01
Parabolic System 18.85
Weekly Stochastic Crossing 18.62
Price 18.57
Daily Stochastic Crossing 18.41
20 Day Moving Average 18.40
50 Day Moving Average 18.08
Lower Bollinger Band 17.73
Quarterly Trendline Resistance 17.01
Yearly Trendline Resistance 16.96
Monthly Trendline Support 16.84
Quarterly Trendline Support 16.03
Yearly Trendline Support 16.03
Sector and Industry
Description Name Rank
Sector Utilities 12
Industry Gas Utilities 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 17.61
Low Date 04/16/2024
High 18.92
High Date 04/22/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.47
Low Date 02/13/2024
High 18.92
High Date 04/22/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 19.01
Support 16.84
Low 15.89
Low Date 10/04/2023
High 18.92
High Date 04/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 17.01
Support 16.03
Low 15.77
Low Date 06/17/2022
High 19.36
High Date 12/01/2022
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 16.96
Support 16.03
High 20.20
High Date 06/08/2022
Low 15.77
Low Date 06/17/2022
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.