ENERGY TRANSFER LP (ET) Stock Technical Analysis
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month ET has a been trading in the 17.14 - 18.28 range, which is quite wide. It is currently trading near the lows of this range.
ET has an average volume of 12366800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, ET turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
ET is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, ET did better than 59% of them.
ET is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ET is lagging the market.
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.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.49
19.13
When analyzing the support we can see 4 important areas.
- Support @17.42 from a horizontal line in the daily time frame.
- Support @16.81 from a trend line in the weekly time frame.
- Support @16.16 from a horizontal line in the weekly time frame.
- Support @15.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 17.44 to 17.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.16 to 18.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @18.94 from a horizontal line in the daily time frame.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
17.44
+0.11 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.63%
1 Week0%
2 Weeks-1.13%
1 Month-1.41%
3 Month-0.06%
6 Month-17.15%
12 Month7.19%
2 Year31.23%
3 Year54.2%
5 Year166.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%1.55%
ATR Inc-2.99%
Range Today0.25
ADR(20)0.27
ADR(20)%1.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.57
Mansfield-1.03
10 Day High17.67
10 Day Low17.14
20 Day High18.28
20 Day Low17.14
52 Week High21.45
52 Week Low14.6
CS1 End17.42
CR1 Start17.44
Volume & EV
DER(3)4.2%
DER(5)2.27%
Volume13.07M
Volume Incr-2.46%
Vol(5)12.42M
Vol(50)12.37M