Energy Transfer stock price forecast: $19.52 resistance in focus as ET rises 1.47%

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Energy Transfer gains 1.47% to $19.33

Highlights

Energy Transfer achieved record crude oil and NGL volumes in Q1 2026, directly boosting both revenue and profit margins.
New long-term supply deals with utilities and AI-driven data centers anchor stable demand from high-growth sectors.
ET/USD exhibits a strong bullish trend above key supports, with a projected short-term trading range of $19.14 to $19.52.

Record volumes and AI sector deals drive robust demand, lifting sentiment

Energy Transfer set new records for crude oil and NGL volumes in the first quarter of 2026, which directly enhances both revenue and margins by increasing throughput, according to Finance Yahoo. This operational outperformance is a clear indication of robust demand for its core services and helps explain the recent buying interest in the stock. Additionally, the company secured major long-term agreements to supply natural gas to utilities and data centers supporting the AI sector, establishing a stable pipeline of future business tied to high-growth industries.

Bullish momentum prevails as overbought signals meet solid support

On the technical front, ET trades above the hourly MA-20 at $19.12, MA-50 at $19.09, and well above the daily MA-200 at $18.06, with the Ichimoku Kijun providing immediate support at $19.14. Momentum remains robust: the Moving Average Convergence Divergence (MACD) is in buy mode and the Awesome Oscillator supports bullish momentum, while the Average Directional Index (ADX) is neutral. The Relative Strength Index (RSI) stands at 63.85, indicating moderate strength, and both the Stochastic RSI and Commodity Channel Index (CCI) are firmly overbought, signaling the potential for short-term exhaustion. Bull/Bear Power shows that buyers remain in control of the intraday action, aligning with current bullish price action.

Upside breakout likely as consolidation forms above critical support

Looking ahead over the next 2-3 trading days, ET is expected to consolidate within a range of $19.14 to $19.52, barring a sharp external shock. The probability of an upward breakout remains very high given the current momentum and supportive technical readings, whereas a downside reversal is considered unlikely in the near term. The baseline scenario sees price action stabilizing between established support and resistance, with a bullish case targeting a sustained push through $19.52, while the bearish case would only emerge if the price slips below $19.14, potentially opening room for a deeper pullback.

Viktoras Karapetjanc, expert at Traders Union, sees Energy Transfer’s recent record volumes and strategic contracts as strong fundamental drivers behind the stock’s upward momentum. He notes that robust operational data and links to the AI sector are fueling investor confidence and keeping price action above key technical levels. Karapetjanc believes current momentum and stability suggest further upside is likely, especially if support at $19.14 holds. In his words: "With operational and macro trends aligned, I expect ET to break higher, targeting a sustained move above $19.52 in the near term."

Earlier, analysts noted that Energy Transfer exhibited sustained bullish momentum supported by strong technical trends and ongoing buyer interest. The current article reinforces this outlook with fresh evidence of operational outperformance and major commercial wins, suggesting that further upward momentum is likely if the stock decisively clears resistance at $19.52 in the coming sessions.

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.