Energy Transfer stock remains steady as buyer support anchors trading near $20.25 support

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Energy Transfer slips 0.68% to $20.48

Highlights

ET/USD remains in a short- and medium-term uptrend, trading above major moving averages with bullish technical momentum.
Momentum indicators are mostly positive with MACD giving a strong buy and ADX confirming ongoing buying interest, but some oscillators signal mild overextension.
Price is expected to trade between $20.25 and $20.71 over the next four days, with further upside likely if $20.71 is broken and $20.25 acting as key support.

Buy signals persist as indicators flag mild overextension

On the technical front, ET is trading above its MA-20 at $20.45 and MA-50 at $20.19 on the hourly chart, while also remaining well above the long-term MA-200 at $19.38 on the daily timeframe. The Ichimoku Kijun level at $20.48 acts as immediate support. Among oscillator indicators, the MACD gives a strong buy signal and the ADX points to ongoing buyer interest. RSI stands at 57.47 and suggests a mild bullish bias; Stochastic RSI is overbought while CCI is neutral, highlighting some overextension. Bull/Bear Power reflects continued buyer dominance in intraday trading, and the Awesome Oscillator remains neutral.

Consolidation expected as volatility band contains price action

Over the next four trading days, ET is likely to fluctuate within a typical volatility band of $20.25–$20.71. The baseline scenario calls for consolidation between these levels. A breakout above $20.71 may signal further gains, while a move below $20.25 could indicate renewed weakness and challenge near-term support.

Anton Kharitonov, expert at Traders Union, sees ET consolidating above its main moving averages with short-term momentum indicators showing mixed signals. He believes lack of any fresh news limits sentiment, making technical levels the primary guide. Near-term action is expected between $20.25 and $20.71, with breakouts likely directing the next move. "The setup favors tactical patience — as long as ET holds above $20.25, I see no rush to commit aggressively either way."

Earlier, analysts noted that Energy Transfer demonstrated resilient technical strength as it maintained momentum above its key moving averages. The current analysis adds nuance by highlighting short-term overextension and a consolidation scenario, with traders advised to monitor for a potential breakout above $20.71 as the next directional trigger.

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.