Energy Transfer stock price forecast: $20.48 resistance as ET holds steady

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Energy Transfer up 0.20% to $20.19

Highlights

Price structure remains bullish across short, medium, and long-term timeframes, supported by strong upward momentum signals.
Immediate support sits at $19.59, with price consolidating near session highs and moderate intraday volatility observed.
Expected five-day range is $20.05–$20.48, with a high probability of further gains unless price breaks below support.

Momentum signals mixed as bullish trend faces resistance zone

$20.19 is positioned above the SMA-20 at $19.73, SMA-50 at $19.27, and SMA-200 at $17.78. The Ichimoku Kijun level on the daily chart sits at $19.59 and now acts as immediate support. Momentum signals: the MACD remains bullish on both daily and weekly timeframes, while the ADX registers 18.69 on D1 (moderate but building trend strength), supported by a strong weekly reading. Oscillators present a mixed outlook — RSI stands at 59.72 and CCI at 82.49 (both in buy territory), though Stoch RSI is neutral near the mid-point. Bull/Bear Power (BBP) at 0.52 suggests overbought territory, and the Awesome Oscillator is positive, confirming prevailing trend strength. The session trades toward the top of a $19.99 to $20.45 range, with moderate intraday volatility and momentum confirming intraday buying bias despite divergent oscillator signals.

Upside scenario favored as tightening range shapes outlook

Over the coming five sessions, ET is expected to fluctuate within a typical volatility band of $20.05 to $20.48. The probability of an upside move exceeds 80%, whereas the likelihood of a decline remains limited. The base case is for consolidation between immediate support at $19.59 and the current session highs; breaking above $20.45 could open higher targets if buyers sustain momentum, while a drop below $19.59 — though less probable — would be required for a deeper pullback.

Viktoras Karapetjanc, expert at Traders Union, notes that Energy Transfer LP continues to show clear technical strength, trading above all key moving averages. He observes that momentum indicators and intraday price action favor further upside, with resistance and support levels well defined. The analyst sees high probability for consolidation or an upward break if buyers remain committed. 'With trend signals firm and volatility contained, I expect ET to push higher unless immediate support at $19.59 fails,' he states.

Earlier, analysts noted that Energy Transfer was maintaining a bullish posture with a strong likelihood of further strength. The current analysis reinforces this outlook, highlighting firm momentum and suggesting that a sustained push above $20.45 could act as a catalyst for the next leg higher.

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.