NYSE:ET - New York Stock Exchange, Inc. - US29273V1008 - Currency: USD
Overall ET gets a technical rating of 2 out of 10. ET has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ET has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 17.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ET in the last couple of days, which is a good sign.
15.49
When analyzing the support we can see 4 important areas.
When analyzing the resistance we notice 3 important areas.
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 | 44.57 | 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 | MIXED | The current price of ET is below the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | MIXED | The current price of ET is below the rising SMA(200). |
Relative Strength Index/RSI (14) | 44.74 | NEUTRAL | The RSI value for ET is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ET has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 19.76 | OVERSOLD | The low Stochastics value suggests ET may be oversold. |
Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for ET suggests low volalility. |
Average Directional Index/ADX (14) | 16.4 | NEGATIVE | The low ADX value for ET suggests a weak or negative trend. |
17.44
+0.11 (+0.63%)