Energy Transfer stock holds steady as buyers guide short-term activity

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Energy Transfer slips 0.05% to $19.17

Highlights

ET/USD demonstrates strong overall bullish momentum, consistently trading above major moving averages across all observed timeframes.
Trade signals from MACD, BBP, and CCI confirm buyer dominance, despite some intraday indecision and low volatility.
Expected price action for the next 2–3 days centers in the $18.92–$19.42 range, with a high probability of an upside breakout.

Bullish momentum as buyers dominate amidst mixed signals

On the hourly chart, ET is holding above the MA-20 at $19.08 and MA-50 at $18.98, and remains well above the MA-200 at $18.03. Immediate technical support is provided by the Ichimoku Kijun level at $19.06. Momentum readings present a mixed picture: the Moving Average Convergence Divergence (MACD) signals Strong Buy, while the Average Directional Index (ADX) is Neutral. The Relative Strength Index (RSI) stands at 56.15 (Buy), the Commodity Channel Index (CCI) is at Buy, and Bull/Bear Power registers Strong Buy, suggesting that buyers are still dominant. Meanwhile, the Stochastic RSI and Awesome Oscillator are both Neutral, highlighting a degree of indecision amid low intraday volatility.

Upside scenario likely as volatility band holds

Over the next 2-3 trading days, ET is expected to trade within a typical volatility band from $18.92 to $19.42. The baseline scenario anticipates continued movement in this range. A breakout above $19.42 would point to renewed upside momentum, while a drop below $18.92 would signal short-term bearish risk. The probability of an upward move remains assessed as very high, and a downward move is considered very low in the immediate term.

Viktoras Karapetjanc, Senior Analyst at Traders Union, notes that Energy Transfer (ET) is maintaining positive technical footing above its key moving averages, with technical indicators showing sustained buyer interest. He emphasizes that, despite a lack of fresh news, market sentiment remains constructive as the price action consolidates within a well-defined range. The analyst sees a strong likelihood of further upside as long as support levels hold firm. "With momentum and sentiment on buyers’ side, I expect ET to test higher levels soon — bulls have the edge here."

Earlier, analysts noted that Energy Transfer was displaying persistent bullish momentum with limited downside risk. The current technical picture reinforces this outlook and highlights that a decisive close above resistance could act as a catalyst for the next leg higher, making breakout levels especially important for traders to monitor.

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.