ENERGY TRANSFER LP (ET) Stock Technical Analysis
NYSE:ET - New York Stock Exchange, Inc. - US29273V1008 - Currency: USD
Taking everything into account, ET scores 4 out of 10 in our technical rating. In the past year, ET was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, ET does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 17.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.85, a Stop Loss order could be placed below this zone.
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15.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.31 to 17.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.44 from a trend line in the weekly time frame.
- Support @16.16 from a horizontal line in the weekly time frame.
- A support zone ranging from 15.65 to 15.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.92 to 18.16. 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 | 70.16 | POSITIVE | ET has a high relative strength, it outperformed 70.16% 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) | UP | POSITIVE | The current price of ET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | NEUTRAL | The RSI value for ET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ET has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.98 | OVERBOUGHT | The high Stochastics value suggests ET may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for ET suggests some volalility. |
| Average Directional Index/ADX (14) | 17.25 | NEGATIVE | The low ADX value for ET suggests a weak or negative trend. |
NYSE:ET (5/23/2025, 3:45:09 PM)
17.855
-0.02 (-0.14%)