Energy Transfer stock price forecast: $20.02 support in focus as ET trades down

Traders Union
All News
Financial News
Energy Transfer slides 1.03% today

Highlights

Energy Transfer offers a dividend yield above 5% as of May 17, 2026, supporting yield-focused investment portfolios.
The company is advancing $5.3 billion in capital projects and operates an expansive midstream infrastructure underpinning future growth.
ET trades in a bullish technical structure with expected price consolidation between $20.02 and $20.44 over the next week.

Dividend yield and capital deployment boost appeal amid selling pressure

Energy Transfer's dividend yield was reported above 5% as of May 17, 2026, offering shareholders direct income and enhancing the stock's appeal in yield-focused portfolios. The company has $5.3 billion in capital projects currently under construction, indicative of ongoing investment and future service expansion. Energy Transfer also maintains a broad infrastructure portfolio, operating over 50,000 miles of pipeline, 45 natural gas processing trains, and 21 deep-water docks to support export activities, though price action has remained under broader selling pressure.

Mixed technical momentum as support levels hold within tight range

Technically, ET is trading above the SMA-20 ($19.67), SMA-50 ($19.24), and SMA-200 ($17.77), with the Ichimoku Kijun at $19.59 now acting as immediate support. The price has remained within a tight intraday range of $20.15–$20.46, and opened slightly above the prior close before drifting lower. MACD and ADX (18.53, Neutral) show a generally bullish structure, but momentum is muted. RSI on the daily timeframe is moderately bullish at 59.17, while Stoch RSI is in 'Sell' territory and situated closer to oversold. The Commodity Channel Index (CCI) shows a neutral to slight bullish tilt, and BBP indicates intraday overbought conditions with buyer dominance. The awesome oscillator further supports the upward bias. Divergence among these oscillators highlights mixed short-term signals despite the overall trend.

Sideways bias prevails as consolidation expected despite bullish tilt

For the next five trading days, the expected price range is $20.02 to $20.44, reflecting a typical volatility band relative to current levels. The probability of a price increase is estimated to be greater than 80%, with technicals such as weekly RSI, ADX, MACD, and the SMA-50 supporting upward scenarios. Baseline expectations are for sideways consolidation within this narrow corridor as buyers and sellers weigh positions. A sustained move above $20.44 could signal further upside, while a drop below $20.02 would increase the likelihood of a correction toward key support levels.

Viktoras Karapetjanc, expert at Traders Union, sees Energy Transfer LP as fundamentally well-positioned with strong infrastructure and a dividend yield above 5%. He notes current technical signals show a supportive trend despite some mixed short-term indicators. Macro and sector investment remain visible via ongoing capital projects. Karapetjanc believes the probability of price gains is robust given the constructive setup. "Given the firm fundamentals and technical positioning, I expect buyers to maintain control above $20.02 with potential for further upside if $20.44 is surpassed."

Earlier, analysts noted that Energy Transfer was maintaining bullish momentum with a strong likelihood of further strength. The current mix of pullback and supporting technicals warrants close attention to price action near $20.44, as a breakout above this level could catalyze renewed upside for the stock.

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.