USA A1 Trading Advice (A) | 31-Jul-2024 | Expected Gain 5%-6%

 BUY   Kinder Morgan (NYSE: KMI)

Kinder Morgan (NYSE: KMI) STOCK RECOMMENDATION

Idea BUY
Buy Range 21.3 – 21.6
Target 22.6 – 22.8
StopLoss* below 20.9
Duration 14-15 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 21.3 – 21.6 22.6 – 22.8 below 20.9 14-15 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Kinder Morgan (NYSE: KMI) STOCK OVERVIEW

Kinder Morgan, Inc. is a North American energy infrastructure company that operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates pipelines, storage systems, processing facilities, and storage facilities for natural gas. The Products Pipelines segment owns and operates pipelines for refined petroleum products and crude oil. The Terminals segment stores and handles various commodities, including gasoline, diesel fuel, chemicals, ethanol, metals, and petroleum coke. The CO2 segment produces, transports, and markets CO2 for crude oil production. Established in 1997, the company operates approximately 82,000 miles of pipelines and 139 terminals.

Stock Data
NYSE Symbol KMI
Sectoral Index Natural Gas Distribution
52 Weeks High 21.86
52 Weeks Low 15.89

Kinder Morgan (NYSE: KMI) - RELATIVE STRENGTH

KMI-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Kinder Morgan —     NYSE —

Kinder Morgan (NYSE: KMI) - DAILY TECHNICAL ANALYSIS

KMI-DAILY TECHNICAL ANALYSIS
Kinder Morgan (NYSE: KMI) - Technical Analysis (Daily)
  • Earlier, the price was on a downward trend.
  • Following a breakout, the stock entered a consolidation phase, creating a Cup & Handle pattern.
  • Subsequently, the stock price experienced a significant rise, forming an Ascending Triangle pattern and consolidating within that structure.
  • Now, with another breakout, the price is currently on the rise.

Kinder Morgan (NYSE: KMI) - RSI

Kinder Morgan (NYSE: KMI) - RSI
  • Current RSI of this stock is 69.86, which indicates the strength of buyers.

Kinder Morgan (NYSE: KMI) - EMA CROSS

KMI-EMA CROSS
Kinder Morgan (NYSE: KMI) - EMA Cross
  • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Kinder Morgan (NYSE: KMI) - ADX & DI

Kinder Morgan (NYSE: KMI) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

CONCLUSION - Kinder Morgan (NYSE: KMI) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Kinder Morgan stock price target will be USD 22.6 – USD 22.8 in the next 14-15 trading sessions.

Kinder Morgan (NYSE: KMI) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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