Energy Transfer stock price forecast: $18.95 resistance as ET trades flat

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Energy Transfer trades flat at $18.91

Highlights

ET/USD faces strong short- and medium-term selling pressure, indicated by trading below key moving averages on the H1 timeframe.
Momentum indicators overwhelmingly signal a bearish bias, with sellers dominating and weak buyer conviction despite some internal divergence.
Price is likely to consolidate between $18.64 and $19.18, with immediate resistance at $18.95 and 70% probability of further downside.

Bearish technical momentum as key indicators signal selling pressure

On the H1 chart, ET is trading below the MA-20 and MA-50, with price action supported by the MA-200 on the daily timeframe. The Ichimoku Kijun on the daily sits at $18.95, acting as immediate resistance. Key momentum indicators are mostly negative, as MACD, ADX, CCI, BBP, and Awesome Oscillator register Sell signals. RSI is at 46.15, also indicating selling momentum, while Stoch RSI shows a Strong Buy, highlighting underlying oscillator divergence. BBP suggests seller dominance during the session, with price mid-range and a slight gap down from the previous close, reflecting weak buyer conviction and cautious intraday tone.

Sideways bias favored as bearish risks outweigh upside

In the short term, ET is expected to consolidate between $18.64 and $19.18, aligning with recent volatility bands. Probability for an upside break is estimated at 30%, while a downside move is viewed as more likely at 70%. The base case scenario favors a sideways price corridor unless a sustained move above $18.95 leads to bullish momentum or a break below $18.64 triggers further downside momentum.

Anton Kharitonov, expert at Traders Union, notes that Energy Transfer LP (ET) is under clear technical pressure, with price stuck below short- and medium-term moving averages. Momentum and trend indicators give mostly bearish signals, while lack of positive news flow adds to the defensive tone. He sees a higher probability for more downside as long as the price sits below $18.95. "Base case is continued sideways-to-lower action — unless bulls can reclaim $18.95, I remain cautious on ET," Kharitonov says.

Previously it was reported that Energy Transfer was experiencing persistent short-term selling pressure despite maintaining a broadly supportive long-term technical structure. The current analysis reinforces a cautious outlook, highlighting the importance of monitoring the $18.95 resistance and $18.64 support as key levels that may signal a decisive shift in 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.