Kinder Morgan, Inc. (KMI) Technical Analysis 13/10/2017

Kinder Morgan, Inc. (NYSE:KMI) fell by -0.89% in Thursday’s trading session from $19.05 to $18.88. The price has fallen in 7 of the last 10 days and is down by -2.23% over the same course of time. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -2.28 million shares and in total 7.01 M shares exchanged hands for about $132.35 million.

Inside KMI’s Recent Trend

Kinder Morgan, Inc. (KMI) lies in the middle of a wide and falling trend in the short term and pointed towards extra losses. Short-term traders are anticipated to see a retreat of -4.92% over the course of a quarter and, with 90% chance the price will be floating in the range of $16.91 and $18.79 in this timeframe.

Kinder Morgan, Inc. Technical Signals

KMI has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $18.98 and $19.23. A buy signal will be generated if it crosses above any of these levels. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining volume.

Kinder Morgan, Inc. (NYSE:KMI) Support And Resistance Levels

Kinder Morgan, Inc. (KMI) recorded volume accumulation so there will probably be a surplus of buyers at $18.85. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $19.33, $19.36 and $20.56.

Accumulated volume is going to prevent the price from rising further at $19.33 and this action will lead the price to take a temporary pause or stay muted for a few days.

Kinder Morgan, Inc. (KMI) Risk Assessment

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. In the most recent session, the stock price hovered around $0.21 (1.12%) between intraday high and intraday low. Each day in the past 1 week, the average volatility remained at 1.04%.

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