ENERGY TRANSFER LP (ET)

US29273V1008

15.54  +0.05 (+0.32%)

Premarket: 15.57 +0.03 (+0.19%)

Technical Rating and Analysis

10

Taking everything into account, ET scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ET is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ET did better than 78% of all other stocks. We also observe that the gains produced by ET over the past year are nicely spread over this period.
ET is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. ET outperforms 70% of them.
ET is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
ET is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ET has an average volume of 12772300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
ET Weekly chart
ET Daily chart
Setup Rating and Analysis

6

ET has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 15.50, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

12.62

15.85

6 important support areas can be observed.

  • A support zone ranging from 15.25 to 15.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 14.45 to 14.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @14.19 from a trend line in the weekly time frame.
  • A support zone ranging from 13.70 to 13.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @13.34 from a horizontal line in the daily time frame.
  • Support @12.75 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 15.57 to 15.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.58
Mansfield-0.08
10 Day High15.74
10 Day Low15
20 Day High15.74
20 Day Low14.6
52 Week High15.74
52 Week Low12.18
Performance
1 Week-0.77%
2 Weeks2.91%
1 Month6.95%
3 Month12.61%
6 Month10.76%
12 Month24.62%
2 Year38.87%
3 Year102.34%
5 Year1.11%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)66.63
LBB14.85
UBB15.89
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.

ENTRYEXITDISTANCECAPITAL
15.7015.240.46 (2.93%)25.00%
An entry @15.70. This is a Buy Stop order right above the resistance zone.An exit @15.24. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.46 points, which is 2.93%.For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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 Daily chart

ENERGY TRANSFER LP

NYSE:ET (3/27/2024, 8:10:58 PM)

Premarket: 15.57 +0.03 (+0.19%)

15.54

+0.05 (+0.32%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.32%
1 Week-0.77%
2 Weeks2.91%
1 Month6.95%
3 Month12.61%
6 Month10.76%
12 Month24.62%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.2
ATR(20)%1.32%
ATR Inc
Range Today0.2
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High15.74
10 Day Low15
20 Day High15.74
20 Day Low14.6
52 Week High15.74
52 Week Low12.18
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume11.99M
Volume Incr5.52%
Vol(5)10.95M
Vol(50)12.77M