ENERGY TRANSFER LP (ET) Technical Analysis
NYSE:ET • US29273V1008
Current stock price
ET Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ET. Although ET is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- ET is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 71% of 207 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- ET is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ET is leading the market.
- ET has an average volume of 15790100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, ET outperforms 63% of them, which is more or less in line with the market.
- In the last month ET has a been trading in a tight range between 18.24 and 19.30.
ET Weekly and Daily overview Charts
ET Setup Rating and Analysis
Besides having an excellent technical rating, ET also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 18.67, a Stop Loss order could be placed below this zone.
More info and screens
ET Support and Resistance Analysis
16.00
We found 3 important support areas.
- A support zone ranging from 18.12 to 18.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.16 from a horizontal line in the daily time frame.
- A support zone ranging from 16.16 to 16.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 18.75 to 19.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ET Technical Indicator Signal Analysis
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 | 63.94 | NEUTRAL | ET is not amongst the best or worst performers 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) | 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) | 54.91 | NEUTRAL | The RSI value for ET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.01 | NEUTRAL | The Stochastics value for ET is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for ET suggests low volalility. |
| Average Directional Index/ADX (14) | 23.29 | NEUTRAL | The ADX value for ET suggests a possible start of a new trend. |
ET Chart- and CandleStick Pattern Analysis
ET Example Setup
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 |
|---|---|---|---|
| 19.11 | 18.23 | 0.88 (4.60%) | 21.72% |
| An entry @19.11. This is a Buy Stop order right above the resistance zone. | An exit @18.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.88 points, which is 4.60%. | When investing 21.72% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ET Technicals: Chart, Performance Metrics, Trend & Indicators
18.74
-0.01 (-0.05%)
ENERGY TRANSFER LP / ET TA 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 54.9144. 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.