ENERGY TRANSFER LP (ET) Technical Analysis
NYSE:ET • US29273V1008
Current stock price
ET Technical Rating and Analysis
Overall ET gets a technical rating of 8 out of 10. Although ET is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- ET is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 71% are performing better than ET.
- The long and short term trends are both positive. This is looking good!
- ET is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ET is performing more or less in line with the market.
- ET has an average volume of 15789100 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 63% of all stocks.
- In the last month ET has a been trading in a tight range between 18.24 and 19.30.
ET Weekly and Daily overview Charts
ET Setup Rating and Analysis
ET has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 18.75, a Stop Loss order could be placed below this zone.
More info and screens
ET Support and Resistance Analysis
16.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.44 to 18.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.16 from a horizontal line in the daily time frame.
- A support zone ranging from 16.16 to 16.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 18.87 to 19.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
ET Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for ET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ET is up. |
| ChartMill Relative Strength | 63.87 | NEUTRAL | ET is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of ET is above the rising 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) | 55.15 | NEUTRAL | The RSI value for ET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.35 | NEUTRAL | The Stochastics value for ET is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for ET suggests some volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for ET suggests a possible start of a new trend. |
ET Chart- and CandleStick Pattern Analysis
ET Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.11 | 18.43 | 0.68 (3.56%) | 25.00% |
| An entry @19.11. This is a Buy Stop order right above the resistance zone. | An exit @18.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.68 points, which is 3.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ET Technicals: Chart, Performance Metrics, Trend & Indicators
18.75
+0.19 (+1.02%)
ENERGY TRANSFER LP / ET TA FAQ
What is the ChartMill technical rating of ENERGY TRANSFER LP (ET) stock?
ChartMill assigns a technical rating of 8 / 10 to ET.
Can you provide the trend direction for ENERGY TRANSFER LP?
The current trend direction for ENERGY TRANSFER LP (ET) is Bullish.
What is the RSI signal for ET stock?
ENERGY TRANSFER LP (ET) has an RSI value of 55.1477. 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.
Can you provide the buy/sell signal for ENERGY TRANSFER LP?
The buy/sell signal for ENERGY TRANSFER LP (ET) is buy as both the short term and long term trends are positive.