Energy Transfer stock forecast: Seller pressure persists as price slips below the 200-day moving average

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Energy Transfer drops 3.22% today

Highlights

Energy Transfer reported increased adjusted EBITDA and distributable cash flow for the third quarter of 2026, raising its full-year outlook.
Operational performance improved, supported by volume growth, new infrastructure, and favorable market conditions, providing stronger financial flexibility.
Shares of Energy Transfer remain under sustained selling pressure, trading below key moving averages with technical momentum signals bearish and price expected to range between $18.83 and $20.19.

Stronger operational results offset by persistent market selling

Energy Transfer reported higher adjusted EBITDA and increased distributable cash flow for the third quarter of 2026, alongside an improved full-year outlook driven by volume growth, new infrastructure projects, and favorable market conditions, according to MarketBeat. These results reflect stronger operational performance and improved financial flexibility, anchored by continued expansion and robust market support. While these developments provide a solid fundamental backdrop for the company, price action has remained under broader selling pressure.

Bearish momentum intensifies as multiple technical levels breached

On the technical front, ET is trading below the MA-20 at $20.07, the MA-50 at $20.47, and the MA-200 at $19.71. The Ichimoku Kijun level at $20.24 is acting as immediate resistance. Momentum signals remain bearish, as both MACD and ADX indicate a sell bias, with RSI and CCI both registering in the oversold zone. Stoch RSI is neutral, and Bull/Bear Power is negative at -0.22, while the Awesome Oscillator remains neutral, suggesting persistent downside risk and cautious sentiment.

Downside bias favored as breakout levels define near-term outlook

Looking ahead, ET is expected to trade within a volatility band between $18.83 and $20.19 over the next several sessions. The probability of an upward reversal remains limited at 22%, while there is a 78% likelihood of additional downside. Baseline expectations call for consolidation within this range unless price breaks above immediate resistance at $20.24, which would suggest a bullish scenario, or falls below support at $18.83 to confirm renewed selling pressure.

Viktoras Karapetjanc, expert at Traders Union, sees Energy Transfer’s operational momentum and improved outlook as constructive despite current market weakness. He notes the stock remains under pressure, with bearish technicals outweighing positive fundamentals in the near term. However, he believes strong financial results and expanding infrastructure should limit downside risk and support the company’s longer-term positioning. Karapetjanc emphasizes a scenario-based approach, watching for a break above resistance at $20.24 to confirm recovery potential. "Solid fundamentals are in place, so I’m looking for a technical catalyst to trigger the next leg higher."

Previously it was reported that Energy Transfer continued to face near-term downside pressure despite solid long-term fundamentals and incremental growth initiatives. The latest earnings performance and ongoing technical weakness reinforce this cautious outlook, with $18.83 now emerging as the critical support level to monitor for signs of renewed selling pressure.

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.