Energy Transfer stock trades near $19.92 resistance as increased long-term interest obligations weigh

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Energy Transfer slips 0.8% to $19.91

Highlights

Energy Transfer raised $1.75 billion via junior subordinated notes maturing in 2057 at 6.55% and 6.70%, extending its debt profile.
Proceeds will redeem 6.50% Series H preferred units, refinance borrowings, and support overall balance sheet optimization.
Technicals indicate underlying long-term bullishness, but near-term price action remains weak with a $19.54–$20.28 trading range expected.

Debt extension and liquidity gains as note issuance reshapes balance sheet

Energy Transfer LP recently raised about $1.75 billion by issuing junior subordinated notes due in 2057 with annual interest rates of 6.55% and 6.70%, according to Simplywall. This fundraising extends the company’s debt maturity profile and increases available liquidity, though it also adds to long-term interest obligations. The proceeds are designated for redeeming its 6.50% Series H preferred units, refinancing existing borrowings, and meeting broader partnership needs, reflecting a targeted approach to balance sheet management and future financing strategy.

Mixed momentum and resistance cap stock amid indicator divergence

On the H1 chart, key technical reference points include the MA-20 located above current prices, while the MA-50 sits below, with the MA-200 further below and well out of immediate range. The Ichimoku Kijun marks resistance at $19.92. Indicator readings are mixed: the Moving Average Convergence Divergence (MACD) signals a strong buy, while the Average Directional Index (ADX) stays in buy territory, suggesting underlying strength. Meanwhile, the Relative Strength Index (RSI) is at 47.26 with a sell indication; both the Stochastic RSI and Commodity Channel Index (CCI) show oversold conditions, and Bull/Bear Power signals selling pressure intraday. The Awesome Oscillator is neutral, highlighting a divergence among momentum indicators and contributing to a complex short-term outlook.

Sideways bias holds as breakout needs resistance close

Looking ahead to the next two to three trading days, the expected price range for ET is between $19.54 and $20.28 based on recent volatility. There is a 59% probability that prices will move upward, indicating that upward progress is slightly more likely than a renewed decline. The baseline scenario is for price action to remain sideways within the forecast band. An upward breakout would require a close above immediate resistance to unlock further gains, while a drop below the $19.54 support level could expose ET to additional downside risk.

Viktoras Karapetjanc, expert at Traders Union, sees Energy Transfer’s strategic refinancing as a positive move for its long-term capital structure. He believes the recent junior subordinated notes offering bolsters liquidity and supports a proactive balance sheet strategy, despite near-term interest cost pressure. Technical signals are mixed, yet price action is stable within a defined band. The analyst expects bullish momentum to build if resistance levels are cleared. "I remain constructive on Energy Transfer’s outlook as careful capital management and moderate upward probabilities point to underlying strength in the near term."

Earlier, analysts noted that Energy Transfer maintained a constructive technical outlook supported by sustained buyer interest. The current divergence among momentum indicators, combined with recent balance sheet actions, introduces additional complexity to the near-term outlook, making the $19.54 support a critical level to watch for a potential shift in direction.

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.