KMI closes higher for the 2nd day in a row
Kinder Morgan Inc. (KMI) Technical Analysis Report for Mar 25, 2020 | by Techniquant Editorial Team
Moving higher for the 2nd day in a row, KMI finished Wednesday at 13.73 gaining $0.85 (6.6%), significantly outperforming the S&P 500 (1.15%). Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (KMI as at Mar 25, 2020):
Wednesday's trading range has been $2.30 (17.64%), that's far above the last trading month's daily average range of $1.35. Weekly volatility is also higher, being above the market's average weekly trading range. The longer-term, monthly volatility is currently notably higher than usual for KMI.
Prices are trading close to the key technical support level at 12.44 (S1). Prices are trading close to the key technical resistance level at 14.95 (R1).
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.