Energy Transfer stock price forecast: $20.68 resistance as ET holds steady

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Energy Transfer up 0.99% at $20.39

Highlights

Energy Transfer delivered record earnings as throughput volumes hit all-time highs, directly supporting revenue growth momentum.
Profitability benefits from ongoing margin optimization and higher-rate contracts, with new development projects enhancing long-term value.
Shares trade in a clear bullish pattern above support, with an expected $20.25–$20.68 range and elevated probability of further gains.

Earnings surge and throughput records fuel investor demand

On May 6, 2026, Energy Transfer reported soaring earnings driven by record throughput volumes, which directly boosts revenues and underpins buying interest for the stock. The company's active margin-enhancement initiatives further improve profitability, contributing to firm investor demand. Efforts to secure higher-rate contracts and pursue new development projects provide additional long-term value drivers for ET.

Upside momentum persists as indicators show overbought signals

SMA-20 stands at $19.80, SMA-50 at $19.31, and SMA-200 at $17.79, with all levels below the current price, highlighting persistent upside momentum. The Ichimoku Kijun is located at $19.59, serving as immediate support. MACD and ADX both indicate continued buying interest, though ADX at 18.87 shows only modest trend strength. RSI and CCI both signal overbought conditions, while Stoch RSI is in buy territory near 52 but reveals some short-term exhaustion. BBP at 0.51 points to sustained buyer dominance, nearing overbought levels. The Awesome Oscillator confirms the upward trend. A small opening gap above the previous close and price action near the top of the daily range reflect moderate intraday volatility and intraday buying strength, despite some divergence between momentum and oscillators.

High probability of further gains as volatility band narrows

Looking over the next five trading days, the most likely price range for ET is $20.25 to $20.68, representing a volatility band relative to current levels. The probability of a price increase is very high, exceeding 80%, making an upward drift within this corridor the baseline scenario. A breakout above $20.68 could accelerate momentum, while a sustained move below $20.25 would be required to trigger a bearish reversal scenario.

Viktoras Karapetjanc, expert at Traders Union, sees a clear bullish setup for Energy Transfer LP after record earnings and visible operational improvements. He highlights that steady fundamentals, robust cash flow projections, and positive price action drive strong investor confidence. Technical signals confirm upside momentum, though overbought readings suggest watching for short-term pauses. Karapetjanc believes the stock maintains high probability for gains within the projected $20.25 to $20.68 range. "Strong earnings and solid fundamentals give me conviction that ET can extend its upward move in the coming days."

Earlier, analysts noted that Energy Transfer was demonstrating ongoing bullish momentum and maintained a strong outlook. The latest earnings-driven surge reaffirms this positive bias, making a sustained move above $20.68 the key level to watch for potential further upside.

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.