Energy Transfer stock price forecast: $18.77 resistance as ET trades flat
Energy Transfer LP (ET) stock is trading at $18.75, unchanged on the day with a neutral daily move. The price is currently sitting below its short- and medium-term moving averages, which indicates a cautious stance among traders.
18.92
19.22
Highlights
- ET/USD is experiencing persistent short- and medium-term selling pressure, trading below key moving averages on the hourly chart.
- Momentum indicators favor the bears, with signals confirming a prevailing sell bias and reinforcing intraday downside risks.
- For the next 2–3 days, price is likely to remain sideways within $18.41 to $19.09, with a downward breakout having a much higher probability than an upward move.
Sustained sell momentum as technicals confirm resistance and indecision
On the hourly chart, ET is trading below both the MA-20 and MA-50, but remains above the MA-200 on the daily timeframe. Immediate resistance is set by the Ichimoku Kijun level at $18.77. Short-term momentum indicators highlight weak conditions: MACD signals a strong sell, ADX confirms a sell bias, and both RSI and CCI are negative. Bull/Bear Power (BBP) shows seller dominance intraday, while Stoch RSI and Awesome Oscillator remain neutral, reflecting some indecision among traders.
Downside risk dominates as volatility limits near-term upside
Over the next 2–3 trading days, ET’s price is expected to fluctuate within a typical volatility band between $18.41 and $19.09. The probability of an upward move is very low, while the likelihood of a downward move is very high. The baseline scenario anticipates sideways price action within this corridor; a bullish case would require a breakout above near-term resistance, whereas a move below the identified support could reinforce further declines.
Earlier, analysts noted that Energy Transfer was experiencing persistent short-term bearish momentum with downside risks prevailing. The current analysis supports this view, and with technical indicators remaining weak, traders should closely monitor for any decisive movement below established support, as this could reinforce the bearish outlook.
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