KINDER MORGAN INC (NYSE:KMI) - A Technical Breakout Candidate with Strong Setup Potential

KINDER MORGAN INC (NYSE:KMI) has been identified as a potential breakout candidate by our technical screening process. The stock shows a combination of solid technical strength and a high-quality setup pattern, making it worth a closer look for investors focused on momentum and chart-based strategies.

Technical Strength

KMI currently holds a Technical Rating of 7, indicating a favorable trend. Key observations from the technical report include:

• Long-term uptrend: The stock remains in a positive long-term trend despite short-term neutrality.
• Strong relative performance: Over the past year, KMI has outperformed 91% of all stocks in the market and 92% of its peers in the Oil, Gas & Consumable Fuels sector.
• Supportive moving averages: The stock is trading above key moving averages (20-day, 50-day, 100-day, and 200-day), reinforcing bullish momentum.
• Recent consolidation: Prices have been trading in a range between $25.43 and $27.86 over the past month, with KMI currently near the upper end.

Setup Quality

KMI’s Setup Rating of 8 suggests a well-defined consolidation pattern, often a precursor to a breakout. Key setup characteristics include:

• Tight price action: Reduced volatility and a narrowing trading range indicate potential accumulation.
• Clear support levels: Multiple support zones exist below the current price, including a strong area between $26.88 and $27.08.
• Recent pocket pivot: A bullish volume pattern was recently detected, signaling institutional interest.
• Breakout level at $27.69: A move above this resistance could confirm upward momentum.

Trade Considerations

A suggested trade setup based on the analysis:

• Entry: $27.69 (above resistance)
• Stop-loss: $26.87 (below support)
• Risk/reward: The trade carries a potential loss of 2.96% if stopped out.

For more breakout opportunities, check our Technical Breakout Setups screener, updated daily.

Disclaimer

This is not investment advice. Always conduct your own analysis and consider risk management before making trading decisions.