Flat trading for Energy Transfer stock as price hovers near $19.17 resistance

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Energy Transfer rises 0.75% to $18.89

Highlights

Short-term buying prevails as ET/USD trades above key moving averages, while long-term trend remains bullish.
Momentum and oscillator signals are mixed, with some overbought readings and others flashing sell, indicating elevated uncertainty.
Price is forecast to fluctuate between $18.61 and $19.17 in the next two to three days, with sideways action favored.

Momentum uncertainty as technical signals conflict at resistance

On the hourly chart, ET is trading above the MA-20 ($18.84) and below the MA-50 ($18.92), with the daily trend supported by price holding above the MA-200 ($17.99). The immediate support is located at the Ichimoku Kijun level at $18.76. Resistance is defined above $19.17, while the nearest support zone is at $18.61. Technical indicators are mixed: MACD shows a strong sell signal; ADX is neutral; RSI is at 50.88, indicating slight buy pressure. Stoch RSI readings are overbought, CCI is neutral, BBP suggests strong buyer dominance, and the Awesome Oscillator maintains a bullish intraday bias. However, the divergence between oscillators and momentum readings highlights underlying market uncertainty.

Sideways outlook favored as volatility likely to constrain moves

Over the next two to three trading days, ET is expected to fluctuate within a typical volatility band between $18.61 and $19.17. The probability of an upward move is 42%, with a statistically higher likelihood of a pullback. The baseline expectation is for sideways movement inside this range; a breakout above $19.17 would open the way for further gains, while a break below immediate support could see the price drop beneath $18.61.

Anton Kharitonov, expert at Traders Union, sees Energy Transfer LP maintaining a technically mixed setup. He notes near-term buying interest contrasts with uncertainty from conflicting indicators and absent company news. Kharitonov expects the $18.61–$19.17 range to hold in the short term unless key levels are breached. "Base case remains sideways — until a clear breakout or breakdown occurs, I prefer to wait on the sidelines."

Earlier, analysts noted that Energy Transfer was under sustained bearish pressure with downside risks prevailing. While the latest action introduces signs of near-term buyer activity and mixed momentum, the current technical setup still favors a cautious approach, with traders advised to watch for a decisive break above $19.17 or below $18.61 to signal the next significant move.

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.