Energy Transfer stock holds steady amid failed attempt to clear $18.77 resistance
Energy Transfer LP (ET) stock is trading at $18.75, unchanged on the day for a 0% move. The price remains below its key short- and medium-term moving averages, but above a major long-term trend indicator.
19.29
19.29
Highlights
- ET/USD experiences sustained bearish momentum as technical signals indicate seller dominance across short and medium timeframes.
- Price is stuck in a neutral range today with moderate volatility, showing indecision despite underlying long-term support still holding.
- Over the next 2–3 days, ET/USD is likely to remain between $18.41 and $19.09, with a high probability of further downside.
Bearish pressure persists as major resistance and momentum align
On the hourly chart, ET trades under both the MA-20 at $18.84 and MA-50 at $18.96, while staying above the MA-200 at $17.98. The immediate technical ceiling is the Ichimoku Kijun at $18.77, setting a near-term resistance level. Momentum metrics reflect a bearish bias: MACD signals Strong Sell, ADX is at Sell, with the RSI at 43.35. Additionally, both CCI and Bull/Bear Power (BBP) are at Sell, highlighting continued downside pressure. Stoch RSI and the Awesome Oscillator (AO) are Neutral, adding no significant counter-signal.
Lower price risk persists as sellers dominate near-term range
Over the next 2–3 trading days, ET is expected to move within a typical volatility band of $18.41 to $19.09. Sellers are likely to remain in control, indicating a high probability of lower prices, while the chance of a rebound appears low. The baseline scenario anticipates continued sideways movement unless price can decisively clear immediate resistance or break below support, which would define bullish or bearish follow-through, respectively.
Earlier, analysts noted that Energy Transfer was experiencing sustained bearish momentum with downside risks prevailing. The latest technical signals continue to reinforce this view, so traders should monitor for a decisive move below established support as confirmation of further bearish follow-through.
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