ENERGY TRANSFER PARTNERS LP (ETP) Stock Technical Analysis
USA - NYSE:ETP - US29278N1037
We assign a technical rating of 6 out of 10 to ETP. In the last year, ETP was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, ETP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 21.46, a Stop Loss order could be placed below this zone.
More info and screens
21.15
We found 1 important support area.
- A support zone ranging from 21.36 to 21.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 21.54 to 22.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.10 to 24.18. 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 | UP | POSITIVE | The long term trend for ETP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETP is neutral. |
| ChartMill Relative Strength | 89.73 | POSITIVE | ETP has a high relative strength, it outperformed 89.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.64 | NEUTRAL | The RSI value for ETP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests ETP has a negative trend. |
| Stochastics (14,3) | 25.73 | NEUTRAL | The Stochastics value for ETP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for ETP suggests some volalility. |
21.47
-0.3 (-1.38%)
ENERGY TRANSFER PARTNERS LP / ETP FAQ
What is the technical rating for ETP stock?
ChartMill assigns a technical rating of 5 / 10 to ETP.
What is the current trend direction of ENERGY TRANSFER PARTNERS LP (ETP) stock?
The current trend direction for ENERGY TRANSFER PARTNERS LP (ETP) is Bullish.
What is the RSI signal for ETP stock?
ENERGY TRANSFER PARTNERS LP (ETP) has an RSI value of 39.635. This indicates that the stock is currently neutral.
What is the support and resistance level for ETP stock?
ENERGY TRANSFER PARTNERS LP (ETP) has a support level at 21.46 and a resistance level at 21.54. Check the full technical report for our detailed analysis of ETP support and resistance levels.