ENERGY TRANSFER LP (ET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ET - US29273V1008
Overall ET gets a technical rating of 0 out of 10. ET scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ET does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.56, a Stop Loss order could be placed below this zone.
More info and screens
15.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.16 to 16.56. This zone is formed by a combination of multiple trend lines and important moving averages 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.59 to 16.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.99 to 17.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 18.32 to 18.45. 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 | DOWN | NEGATIVE | The long term trend for ET is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ET is neutral. |
| ChartMill Relative Strength | 25.64 | NEGATIVE | ET has a low relative strength, it was outperformed by 74.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ET is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ET is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ET is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.83 | NEUTRAL | The RSI value for ET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ET has a positive trend. |
| Stochastics (14,3) | 71.75 | NEUTRAL | The Stochastics value for ET is a neutral value. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for ET suggests low volalility. |
| Average Directional Index/ADX (14) | 11.11 | NEGATIVE | The low ADX value for ET suggests a weak or negative trend. |
16.59
+0.1 (+0.61%)
ENERGY TRANSFER LP / ET FAQ
What is the ChartMill technical rating of ENERGY TRANSFER LP (ET) stock?
ChartMill assigns a technical rating of 0 / 10 to ET.
Can you provide the trend direction for ENERGY TRANSFER LP?
The current trend direction for ENERGY TRANSFER LP (ET) is Bearish.
What is the RSI signal for ET stock?
ENERGY TRANSFER LP (ET) has an RSI value of 52.8267. 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 neutral.