Energy Transfer stock price prediction: Upward trend targets $21.2 resistance as buyers remain in control

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Energy Transfer rises 1.01% to $20.92

Highlights

ET/USD maintains strong short- and medium-term bullish momentum as it trades above major moving averages on hourly and daily charts.
Momentum indicators are mostly positive, but overbought readings and short-term oscillator divergence suggest potential for minor pullbacks.
ET/USD is expected to consolidate in the $20.64 to $21.2 range over the next 2 to 3 days, with a high probability of an upward move if resistance at $21.2 is broken.

Mixed momentum signals as buyers test overbought conditions

On the hourly chart, ET has cleared the MA-20 at $20.7 and MA-50 at $20.45 levels, with the daily MA-200 providing further support at $19.66. The Ichimoku Kijun on the daily timeframe sits at $20.71, representing immediate support for the prevailing uptrend. Among momentum indicators, MACD and ADX both signal a Buy, while RSI stands at 61.71, indicating modest bullish momentum. However, CCI is in overbought territory and Stochastic RSI points to a possible short-term pullback, suggesting some divergence across oscillators. Bull/Bear Power remains positive, favoring buyers, while the Awesome Oscillator is neutral.

Upside extension likely if resistance breaks amid bullish bias

Over the next 2–3 trading days, ET is expected to consolidate within the $20.64–$21.2 range, with high probability assigned to continued upward movement. Should buying momentum persist and the price break above the $21.2 resistance level, an extension higher comes into play. Alternatively, a move below the $20.71 immediate support would indicate potential weakness and could lead to a retest of lower price levels.

Anton Kharitonov, expert at Traders Union, sees moderate near-term strength in Energy Transfer as the price holds above key technical levels. He notes that while bullish momentum is supported by MACD and ADX, mixed oscillator signals and overbought conditions warrant caution. The base case remains consolidation between $20.64 and $21.2, with price action around $20.71 as a trigger for downside risk. "Until $21.2 is broken decisively, I remain defensive with a close eye on support."

Earlier, analysts noted that Energy Transfer was demonstrating mixed technical momentum while consolidating in a defined range. The latest data reinforce this consolidation scenario, with near-term action hinging on whether bulls can sustain a breakout above the $21.2 resistance 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.