Energy Transfer stock holds steady amid an ongoing upward trend above key averages

Traders Union
All News
Financial News
Energy Transfer rises 0.24% today

Highlights

ET trades in a strong bullish trend across all timeframes, consolidating above key support levels near $19.07.
Momentum indicators signal short-term overbought conditions and weak trend strength, pointing to possible near-term exhaustion.
Expected trading range for the next five sessions is $19.10 to $19.80, with high odds of sideways or breakout movement if $19.19 resistance is cleared.

Mixed signals as momentum indicators reveal weak but bullish bias

On the technical side, ET is above the MA-20 ($19.07), MA-50 ($18.87), and MA-200 ($17.59). The Ichimoku Kijun level at $19.19 defines immediate resistance. Daily momentum indicators present a mixed picture: the MACD flashes a Strong Buy, but the ADX at 14.53 signals a weak trend, while the weekly time frame is firmer. RSI stands at 54 (neutral-to-bullish), Stoch RSI is overbought at 86, and CCI is neutral. BBP at 0.16 reflects continued buyer dominance intraday; Awesome Oscillator remains neutral. Today's trading is concentrated in a tight $19.02 – $19.14 range near session highs, confirming low volatility amid modest upward pressure, but some oscillator exhaustion signals remain.

Potential breakout as bulls challenge immediate resistance

Over the next five days, ET is expected to trade within a typical volatility band between $19.10 and $19.80. The probability of further gains remains high, driven by positive signals from MACD, RSI, ADX, and the MA-50 on the weekly chart. If bulls can push through the $19.19 resistance, the price could approach the upper end of the range near $19.80. A failure to hold support near $19.07 would introduce downside risk toward $19.10.

Viktoras Karapetjanc, expert at Traders Union, sees Energy Transfer LP maintaining its upward trajectory, supported by strong technical positioning above major moving averages. He notes a high probability of further gains as momentum builds, though short-term oscillators hint at mild exhaustion and low volatility. Overall sentiment remains constructive in the absence of fresh news or fundamental shifts. "If buyers clear the $19.19 resistance, I expect ET to retest the $19.80 level in the coming days," says Karapetjanc.

Earlier, analysts noted that Energy Transfer was exhibiting a sideways trading pattern while monitoring for a potential breakout, with buyer momentum beginning to build. With the current move above major moving averages and strengthening momentum signals, sustained price action above $19.19 would confirm a bullish shift and set the stage for a possible test of $19.80 in the near term.

Source of Data: ET Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.