ENERGY TRANSFER LP (ET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ET - US29273V1008
Taking everything into account, ET scores 3 out of 10 in our technical rating. In the past year, ET was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ET has a poor technical rating and the quality of the setup is also not perfect 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.
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15.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.16 to 16.71. 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.
When analyzing the resistance we notice 2 important areas.
- 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 | NEUTRAL | NEUTRAL | The long term trend for ET is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ET is up. |
| ChartMill Relative Strength | 24.92 | NEGATIVE | ET has a low relative strength, it was outperformed by 75.08% off all stocks 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) | DOWN | MIXED | The current price of ET is above 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) | 61.06 | NEUTRAL | The RSI value for ET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ET has a positive trend. |
| Stochastics (14,3) | 88.2 | OVERBOUGHT | The high Stochastics value suggests ET may be overbought. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for ET suggests low volalility. |
| Average Directional Index/ADX (14) | 13.09 | NEGATIVE | The low ADX value for ET suggests a weak or negative trend. |
16.96
+0.07 (+0.41%)
ENERGY TRANSFER LP / ET FAQ
What is the ChartMill technical rating of ENERGY TRANSFER LP (ET) stock?
ChartMill assigns a technical rating of 3 / 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 61.0646. 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.