Energy Transfer stock edges lower amid price sticking close to recent week-long lows

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Energy Transfer slides 1.38% today

Highlights

Shares are trading below short-term moving averages but remain supported by the longer-term trend.
Oversold momentum indicators suggest the recent sell-off may be nearing exhaustion, increasing the chance of a technical rebound.
Weekly technicals indicate an 80%+ probability of an upward move, with an expected price range of $19.15 to $19.85 for the week.

Oversold signals and weak trend conflict amid mixed technicals

Short-term technicals show the price positioned below the MA-20 ($19.97) and MA-50 ($19.43), while preserving distance above the MA-200 ($17.85). The Ichimoku Kijun on the daily chart stands at $19.76 as immediate resistance. Oscillators reveal oversold signals with RSI at 42.94, Stoch RSI in oversold territory, and CCI at -147.72. The D1 MACD maintains a strong buy indication, but the ADX reflects a weak trend. The Awesome Oscillator is neutral and BBP is oversold (-0.21), supporting the view of ongoing intraday selling momentum amid mixed signals between trend and oscillators.

Consolidation likely as bullish reversal hinges on resistance break

For the coming week, ET is likely to trade within a $19.15 to $19.85 range, reflecting a typical volatility band relative to current levels. Weekly signals across RSI, ADX, MACD, and MA-50 point strongly toward potential upward price action, with the probability of an upward move estimated above 80%. The base case scenario is sideways consolidation within this corridor. A bullish breakout would require a daily close above $19.76, potentially targeting the $19.85–$20.00 area. A breach of support at $19.15 could push the price toward the MA-200 near $17.85, though this outcome remains less probable given prevailing weekly strength.

Viktoras Karapetjanc, analyst at Traders Union, notes that Energy Transfer LP is showing technical weakness in the short term, but weekly signals suggest a strong probability of upward movement. He sees limited downside risk, as the price remains well above the long-term average. The analyst remains confident in the asset’s resilience despite the current pullback. "Given the prevailing weekly signals, I expect a recovery toward $19.85 is likely in the near term."

Earlier, analysts noted that Energy Transfer’s technical outlook was broadly constructive despite near-term divergences between momentum signals and price action. Fresh data now reinforces this view while highlighting that a decisive push above immediate resistance or a breakdown of current support levels could offer the next catalyst for directional momentum.

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.