ENERGY TRANSFER LP (ET) Stock Technical Analysis
USA - NYSE:ET - US29273V1008
16.8 USD
-0.12 (-0.71%)
16.9098 USD
+0.11 (+0.65%)
We assign a technical rating of 0 out of 10 to ET. ET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
71% of all other stocks performed better in the past year than ET.
ET has an average volume of 12738300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ET is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, ET did better than 53% of them.
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.
In the last month ET has a been trading in a tight range between 16.80 and 17.71.
The technical rating of ET is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.00
18.63
2 important support areas can be observed.
- Support @16.78 from a trend line in the weekly time frame.
- Support @16.16 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 17.16 to 17.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.16 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 | DOWN | NEGATIVE | The short term trend for ET is down. |
| ChartMill Relative Strength | 29.56 | NEGATIVE | ET has a low relative strength, it was outperformed by 70.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ET is below 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) | 32.68 | 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. |
| Stochastics (14,3) | 2.97 | OVERSOLD | The low Stochastics value suggests ET may be oversold. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for ET suggests low volalility. |
| Average Directional Index/ADX (14) | 14.71 | NEGATIVE | The low ADX value for ET suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.8
-0.12 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.71%
1 Week-3.78%
2 Weeks-2.89%
1 Month-3.39%
3 Month-6.51%
6 Month3.96%
12 Month3.07%
2 Year27.76%
3 Year31.56%
5 Year226.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%1.35%
ATR Inc-7.22%
Range Today0.21
ADR(20)0.22
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.56
Mansfield-1.7
10 Day High17.64
10 Day Low16.8
20 Day High17.71
20 Day Low16.8
52 Week High21.45
52 Week Low14.6
CS1 End16.78
CR1 Start17.16
Volume & EV
DER(3)-5.12%
DER(5)-3.07%
Volume13.31M
Volume Incr34.8%
Vol(5)14.42M
Vol(50)12.74M