Energy Transfer stock price forecast: $18.61 support in focus as ET trades flat

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Energy Transfer drops 0.84% to $18.91 today

Highlights

ET/USD faces sustained selling pressure in the short to medium term, trading below major hourly moving averages despite holding long-term bullish structure.
Momentum indicators confirm a bearish bias with no signals of oversold conditions, while intraday price action remains moderately volatile with sellers in control.
Key price range projected for the coming days is $18.61 to $19.21, with a high probability of further downside if $18.61 support breaks and limited immediate upside potential.

Persistent short-term selling amid resistance and mixed momentum signals

On the technical front, ET is trading below both its MA-20 and MA-50 on the H1 timeframe, while still holding above the daily MA-200, which underscores the persistent short- and medium-term selling bias despite retention of a bullish longer-term structure. The Ichimoku Kijun at $18.97 marks immediate resistance, and the price remains bounded by support at $18.61. Momentum indicators including MACD and ADX both signal a sell bias, with the RSI at 42.55 and CCI also in negative territory, pointing away from oversold levels. The Stoch RSI stands neutral, while BBP highlights sellers dominating intraday flows; the Awesome Oscillator provides no clear signal.

High downside risk as price stays confined within volatility band

In the near term, ET is expected to trade within a typical volatility band between $18.61 and $19.21. The baseline scenario favors rangebound movement inside this corridor. An upward move remains a low probability event, with high downside risk prevailing; a confirmed break above the $18.97 resistance would open room for a recovery attempt, while a drop below $18.61 would confirm further price weakness.

Anton Kharitonov, expert at Traders Union, notes that Energy Transfer LP remains pressured by persistent selling on short- and medium-term technicals. He sees little evidence for an imminent rebound as momentum remains negative and key resistances cap the price. No significant news has emerged to shift sentiment. "Unless ET decisively reclaims $18.97, I consider risks skewed to the downside and would remain defensive in the near term."

Earlier, analysts noted that while Energy Transfer was experiencing near-term selling pressure, improving operational results and technical support offered the potential for a shift in trend. Current price action reinforces the dominance of bearish momentum, making a decisive move above immediate resistance at $18.97 the key signal to monitor for any near-term recovery attempt.

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.