Energy Transfer stock price forecast: $18.56 support as ET slides 1.46%
Energy Transfer (ET) stock is trading at $18.94, down 1.46% for the day. The price sits below its key short-term average but remains above mid- and long-term moving averages.
19.15
19.31
Highlights
- ET/USD faces conflicting short-term signals, trading below its 20-period moving average but maintaining support from mid- and long-term averages.
- Momentum indicators show mixed sentiment, with MACD bullish versus neutral or weak signals from ADX, RSI, and other oscillators.
- Price is expected to range between $18.56 and $19.32, with a 56% probability of downside and key resistance at $19.02.
Buy momentum persists as mixed oscillator signals emerge
On the hourly chart, ET is currently trading below its 20-period moving average and just above its 50-period moving average, with the 200-period (daily) moving average below providing a long-term bullish context. The Ichimoku Kijun on the daily timeframe marks immediate resistance at $19.02. The Moving Average Convergence Divergence (MACD) signals strong buy momentum, while the Average Directional Index (ADX), Awesome Oscillator, Stochastic RSI, and Commodity Channel Index (CCI) all remain neutral. The Relative Strength Index (RSI) points to a sell at 48.75, but intraday Bull/Bear Power shows buyer dominance despite mixed readings across oscillators.
Downside risk elevated as price nears volatility floor
Over the next few trading days, ET is expected to range between $18.56 and $19.32, in line with typical volatility. Downside movement holds a slightly higher probability at 56%, while upside chances are 44%. A move above the Kijun resistance at $19.02 would trigger a bullish scenario, whereas breaking below $18.56 would signal renewed selling pressure in the near term.
In a recent review, Energy Transfer was characterized by mixed technical signals as analysts highlighted near-term selling pressure but constructive long-term momentum. The current setup adds to this outlook by emphasizing that a sustained move above the $19.02 resistance or a breakdown below $18.56 could define the next decisive trend for traders to monitor.
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