ENERGY TRANSFER PARTNERS LP (ETP) Technical Analysis
NYSE:ETP • US29278N1037
Current stock price
ETP Technical Rating and Analysis
Overall ETP gets a technical rating of 6 out of 10. In the last year, ETP was one of the better performers, but we do observe some doubts in the very recent evolution.
- ETP 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, ETP did better than 89% of all other stocks.
- ETP 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 ETP is performing more or less in line with the market.
- ETP has an average volume of 5516890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ETP Weekly and Daily overview Charts
ETP Setup Rating and Analysis
ETP has only a medium 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 21.46, a Stop Loss order could be placed below this zone.
More info and screens
ETP Support and Resistance Analysis
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.
ETP 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 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. |
ETP Chart- and CandleStick Pattern Analysis
ETP Technicals: Chart, Performance Metrics, Trend & Indicators
21.47
-0.3 (-1.38%)
ENERGY TRANSFER PARTNERS LP / ETP TA FAQ
What is the technical rating for ETP stock?
ChartMill assigns a technical rating of 5 / 10 to ETP.
Can you provide the trend direction for ENERGY TRANSFER PARTNERS LP?
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.
Can you provide the MACD signal for ENERGY TRANSFER PARTNERS LP?
The MACD indicator for ENERGY TRANSFER PARTNERS LP (ETP) has a value of -0.0766568, indicating a bearish trend.
What are the support and resistance levels for ENERGY TRANSFER PARTNERS LP (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.