Will Energy Transfer stock hold $19.54 support amid persistent selling pressure?

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Energy Transfer drops 2.53% today

Highlights

ET/USD remains under short- to medium-term seller pressure as it trades below key moving averages on the hourly chart.
Momentum indicators are broadly bearish and intraday seller dominance is confirmed, but some signals show oversold conditions hinting at potential exhaustion among sellers.
Expected price range for the next 2 to 3 trading days is $19.54 to $20.22, with the probability of a move lower assessed at over 80%.

Sell momentum persists as multiple indicators confirm resistance

On the hourly chart, ET is trading below both the MA-20 at $20.23 and the MA-50 at $20.27, while on the daily timeframe, it remains above the MA-200 at $19.41. The Ichimoku Kijun on the daily is acting as immediate resistance at $20.2. From a technical standpoint, RSI is at 37.24, suggesting a sell bias, with both MACD and ADX also indicating sell conditions. Stoch RSI and CCI are in oversold territory, pointing to possible seller exhaustion, whereas Bull/Bear Power shows intraday domination by sellers. The Awesome Oscillator remains neutral, and there are no significant divergences between momentum and oscillators in the short term.

Range-bound downside risk as prospects for recovery remain weak

In the short term, the expected price range for ET is $19.54 to $20.22 over the next 2–3 trading days. The probability of an upward move is assessed as very low, with a high likelihood of downside continuation. The most likely scenario is continued consolidation within this corridor, though a break above $20.2 could prompt a recovery toward upper range levels, while a drop below $19.54 would open further downside risk.

Viktoras Karapetjanc, expert at Traders Union, views the current pressure on Energy Transfer as technically driven in the absence of catalyst news. He sees sellers in control, with momentum and sentiment indicators confirming the downside. The probability of a quick rebound is seen as limited for now. Still, Karapetjanc notes strong support above the 200-day moving average. "If buyers defend the $19.54 level, a recovery toward $20.22 could follow, but I remain constructive only if momentum improves above key resistance."

Earlier, analysts noted that Energy Transfer was experiencing persistent short-term bearish momentum, with technical signals pointing to ongoing downside risk. The current analysis strengthens this view, as downside continuation remains likely unless ET can reclaim resistance above $20.20, making a close watch on the $19.54 support level critical for assessing near-term risk.

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.