ENERGY TRANSFER LP (ET) Stock Technical Analysis
NYSE:ET • US29273V1008
Taking everything into account, ET scores 7 out of 10 in our technical rating. Although ET is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 66% of all other stocks performed better in the past year than ET.
- ET is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 60% of 206 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- ET is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- ET has an average volume of 14972600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ET is lagging the market.
Besides having an excellent technical rating, ET also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.25, a Stop Loss order could be placed below this zone.
More info and screens
15.49
4 important support areas can be observed.
- A support zone ranging from 18.04 to 18.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.17 to 17.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.16 to 16.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.65 to 15.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.45 to 18.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ET is up. |
| ChartMill Relative Strength | 34.92 | NEUTRAL | ET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.04 | NEUTRAL | The RSI value for ET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.97 | NEUTRAL | The Stochastics value for ET is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for ET suggests low volalility. |
| Average Directional Index/ADX (14) | 39.65 | POSITIVE | The high ADX value value for ET suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 18.54 | 18.03 | 0.51 (2.75%) | 25.00% |
| An entry @18.54. This is a Buy Stop order right above the resistance zone. | An exit @18.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.51 points, which is 2.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.69%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.26
+0.05 (+0.27%)
ENERGY TRANSFER LP / ET FAQ
What is the ChartMill technical rating of ENERGY TRANSFER LP (ET) stock?
ChartMill assigns a technical rating of 7 / 10 to ET.
Can you provide the trend direction for ENERGY TRANSFER LP?
The current trend direction for ENERGY TRANSFER LP (ET) is Bullish.
What is the RSI signal for ET stock?
ENERGY TRANSFER LP (ET) has an RSI value of 62.0403. This indicates that the stock is currently neutral.
What is the short term momentum for ET stock?
The short term momentum for ENERGY TRANSFER LP (ET) is positive.
Can you provide the buy/sell signal for ENERGY TRANSFER LP?
The buy/sell signal for ENERGY TRANSFER LP (ET) is buy as both the short term and long term trends are positive.