KMI trade ideas
Looking for a KMI Short before Earnings. Based off of price action and the increased volume. I am expecting to kmi drop after earnings.
KMI Bearish Cross Plus Possible Head And ShouldersOn April 17, 2017, Kinder Morgan Inc ( KMI ) crossed below its 200 day moving average (DMA) and its 50 DMA crossed below its 100 DMA. Historically both bearish crosses have not occurred on the same day. Historically the stock has crossed below the 200 DMA 14 times and the stock drops a minimum of 0.379%. It has a median loss of 3.716% and a maximum loss of 8.089% over the next 25 trading days. Historically the 50 has crossed below the 100 6 times with a minimum loss of 1.609%. It has a median loss of 3.912% and maximum loss of 13.387% over the next 25 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 46.5454. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is relatively neutral.
The true strength index (TSI) is currently -2.3514. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving up.
The positive vortex indicator (VI) is at 1.0716 while the negative is at 0.9058. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is up, but the negative indicator has begun to climb and the stock could continue to drop.
The stochastic oscillator K value is 33.4349 and D value is 55.5570. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the price action is trending up. When the D value is higher that the K value, price action is trending down. The current reading declares the stock is dropping.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading down. Based on historical movement compared to current levels and the current position, the stock could drop another 2.18% over the next 22 trading days. The stock has also formed a possible head and shoulders pattern with the neckline below 20.80 which could be a solid target price. Earnings are scheduled for April 19 which could cause a major price swing in the first few days of the projected timeframe. Estimates are in line with the previous two quarters results. After both earning announcements the stock went up but ultimately dropped over the next 25 trading days.
$KMI, Long on a triangle setup above 200 MA, Target 26 and 32$KMI, Long on a triangle setup above 200 MA, Target 26 and 32
KMI - Option play on earnings KMI seems very good Long opportunity. It is reporting after market tomorrow. So we would consider only option trade.
Trade Criteria
Date first found - January 17, 2017
(Note: Trade update is delayed here.)
Long KMIHisorically when the TSI reaches this level the stock moves a minimum of 1.34% and an average of 4.74% over the next few weeks. The pink box contains this range from the CLOSE on January 6th. My conservative play is a move to at least 22.50.
Lacking Positive Energy for KMIHistorically when the True Strength Indicator reaches its current level the stock drops a minimum of 1.18% with an average of 5.06% over the next few weeks. I am tracking multiple potential trendchannel support levels and the first level to get hit coincides with a shared support level at 19.83. From the CLOSE on December 30, 2016, movement to this level would equate to a drop around 4.25% which is very realistic.
#3 Trump Stock- KMIAnother (The Motley Fool.com) stock which they say during a Trump presidency will see bullish action. KMI has only been a stock, since 2011, but is undervalued at this time. If interested, you should read about this company more and WHY, they should profit during next several times. Will continue to monitor and invest with bulls.
KMI IS OVERBOUGHTExpect KMI to drop a minimum of 1% over the next 13 trading days. In reality, the drop could be as much as 5-6%.
Historically when KMI ROC (14) is above 9.8853, the stock always retreats a minimum of 1%. The trend and recently similar overbought readings support a 5% drop.
KMI-Decision TimeLooks like it still wants to run after another level of consolidation. I will be waiting for it to break back into its channel and above $23 or see it test its lower level of support for a swing play
KMI Still Trending LongStill working up from the 61.8 Retracement line. Upward channel looking to reach the 1.618 Extension.
KMI Going Higher61.8 Fib Retracement meet at 19.59, look for this to break $22. Set stop loss at 19.27.
Also breaking higher out of wedge and gap has been filled.
Long KMI - excellent trendFew days ago KMI moved out of consolidation zone on higher volume. Weak structure above and price discovery mode almost guarantee (I don't usually say that :) ) growth up to $24 and higher ($32).
Today KMI will have earnings announcement after market close, so I am going to use possible wide price swings to buy some shares.
This is one of the Buffett' companies anyway (with average price of $23,65), so I prefer to have it in the long-term portfolio.
(Buffett portfolio)
THE EFFORT TO BRING THE PRODUCT TO THE MASSES 10 POINTSThe fact is you could produce Petroleum Distillates all day long, But if you fail to see the current system draining the profits then we are missing the point. My 2 cents.
KMI Buffet got it right. We should tooCould have a pull back before continuing higher. OR it can just chop higher.
KMI inching up...Not much to say here. Consolidation before the start of uptrend (hopefully !!!). A break below the lower trendline means change in the direction - downtrend will resume. But chances of further downside are small.
