KINDER MORGAN INC (NYSE:KMI) - A Strong Technical Setup for Breakout Traders

KINDER MORGAN INC (NYSE:KMI) has been flagged by our technical breakout screener as a stock with both strong momentum and a favorable setup pattern. The company, a major player in natural gas pipeline transportation, currently shows a combination of bullish technical indicators and consolidation that could signal a potential breakout.

Technical Strength

• High Technical Rating (8/10): KMI’s technical health is strong, supported by positive long-term and short-term trends. The stock has outperformed 88% of the market over the past year.
• Relative Strength: KMI ranks in the top tier of its industry (Oil, Gas & Consumable Fuels), showing consistent upward momentum.
• Support Levels: Multiple support zones exist below the current price, including a key area between $27.30 and $27.90, providing a cushion against downside risk.
• Trend Alignment: Both the 20-day and 200-day moving averages are rising, reinforcing the bullish trend.

Setup Quality

• Consolidation Pattern: Prices have been trading in a range between $26.90 and $28.70 over the past month, indicating a potential base before a breakout.
• Reduced Volatility: Recent price action has tightened, suggesting a possible buildup for a new move.
• Pocket Pivot Signal: A recent accumulation pattern was detected, often a precursor to upward momentum.
• Clear Entry & Exit Points: Resistance sits near $28.84, while support at $27.29 offers a logical stop-loss level.

For a deeper look at the technicals, review the full technical report for KMI.

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Disclaimer

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