ENERGY TRANSFER EQUITY L P (ETE) Technical Analysis
NYSE:ETE • US29273V1008
Current stock price
ETE Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ETE. ETE 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.
- ETE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ETE has an average volume of 6472740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, ETE outperforms 60% of them, which is more or less in line with the market.
- ETE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ETE is lagging the market slightly.
ETE Weekly and Daily overview Charts
ETE Setup Rating and Analysis
ETE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 16.81, a Stop Loss order could be placed below this zone.
More info and screens
ETE Support and Resistance Analysis
16.56
We found 1 important support area.
- A support zone ranging from 16.73 to 16.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 17.10 to 17.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.79 to 19.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
ETE 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 | NEUTRAL | NEUTRAL | The long term trend for ETE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETE is neutral. |
| ChartMill Relative Strength | 60.73 | NEUTRAL | ETE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.02 | NEUTRAL | The RSI value for ETE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ETE has a negative trend. |
| Stochastics (14,3) | 27.27 | NEUTRAL | The Stochastics value for ETE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for ETE suggests some volalility. |
ETE Chart- and CandleStick Pattern Analysis
ETE Technicals: Chart, Performance Metrics, Trend & Indicators
16.82
-0.26 (-1.52%)
ENERGY TRANSFER EQUITY L P / ETE TA FAQ
Can you provide the ChartMill technical rating for ENERGY TRANSFER EQUITY L P?
ChartMill assigns a technical rating of 2 / 10 to ETE.
What is the trend direction for ETE stock?
The current trend direction for ENERGY TRANSFER EQUITY L P (ETE) is Bearish.
What is the RSI signal for ENERGY TRANSFER EQUITY L P (ETE) stock?
ENERGY TRANSFER EQUITY L P (ETE) has an RSI value of 39.0172. This indicates that the stock is currently neutral.
What are the support and resistance levels for ENERGY TRANSFER EQUITY L P (ETE) stock?
ENERGY TRANSFER EQUITY L P (ETE) has a support level at 16.81 and a resistance level at 17.1. Check the full technical report for our detailed analysis of ETE support and resistance levels.