ENERGY TRANSFER LP (ET) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ET - US29273V1008
Taking everything into account, ET scores 0 out of 10 in our technical rating. 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.
Although the technical rating is bad, ET does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 16.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.80, 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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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16.00
When analyzing the support we notice one important area.
- A support zone ranging from 16.16 to 16.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.85 to 17.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.32 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 | DOWN | NEGATIVE | The long term trend for ET is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ET is neutral. |
| ChartMill Relative Strength | 27.74 | NEGATIVE | ET has a low relative strength, it was outperformed by 72.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ET is above a declining 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) | 52.69 | NEUTRAL | The RSI value for ET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ET has a positive trend. |
| Stochastics (14,3) | 49.4 | NEUTRAL | The Stochastics value for ET is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for ET suggests low volalility. |
| Average Directional Index/ADX (14) | 12.35 | NEGATIVE | The low ADX value for ET suggests a weak or negative trend. |
16.83
+0.12 (+0.72%)
ENERGY TRANSFER LP / ET FAQ
What is the ChartMill technical rating of ENERGY TRANSFER LP (ET) stock?
ChartMill assigns a technical rating of 0 / 10 to ET.
What is the current trend direction of ENERGY TRANSFER LP (ET) stock?
The current trend direction for ENERGY TRANSFER LP (ET) is Bearish.
What is the RSI signal for ENERGY TRANSFER LP (ET) stock?
ENERGY TRANSFER LP (ET) has an RSI value of 52.6917. This indicates that the stock is currently neutral.
What is the short term momentum for ENERGY TRANSFER LP (ET) stock?
The short term momentum for ENERGY TRANSFER LP (ET) is neutral.