Energy Transfer shares technical analysis: Seller pressure persists in ongoing downward move

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Energy Transfer drops 1.34% to $19.2

Highlights

Energy Transfer reported $5.03 billion in adjusted EBITDA for Q3 2026, rising 31% year over year on strong operations.
Revenue reached $37.1 billion as refined product and crude sales signaled resilient demand across core business lines.
Shares of Energy Transfer trade below key averages, with technical indicators signaling continued downside and a likely range of $18.38 to $20.02.

Operational gains and resilient demand tempered by regulatory scrutiny and selling

Energy Transfer reported an Adjusted EBITDA of $5.03 billion for Q3 2026, representing a 31% year-over-year increase and reflecting strong operational performance and improved cash flow generation. Revenue for the quarter reached $37.1 billion, primarily driven by refined product and crude sales, which underscores resilient demand within the company’s core business segments. The leverage ratio was maintained at 2.83x, pointing to ongoing balance sheet discipline amid recent acquisition-related activity and continued regulatory scrutiny, though price action has remained under broader selling pressure.

Downtrend persists as key averages breached and momentum turns negative

ET trades below its MA-20 at $19.7, MA-50 at $20.31, and MA-200 at $19.72, with the Ichimoku Kijun level at $19.88 acting as immediate resistance. Momentum signals, including MACD and ADX, indicate a continued sell bias, while the Awesome Oscillator confirms negative momentum. Both RSI and CCI are in oversold territory, suggesting the potential for a short-term technical rebound, although Stochastic RSI remains neutral. Bull/Bear Power at -0.26 highlights persistent intraday seller dominance.

Downside risk prevails as volatility range caps short-term recovery

In the short term, ET is expected to consolidate within the $18.38 to $20.02 range, reflecting a typical volatility band relative to current levels. The probability of an upward move remains very low, with continued downside risk dominating. A bullish scenario would require a break above the $19.88 resistance, potentially triggering a retracement. Conversely, a move below the $18.38 support could accelerate the selloff.

Viktoras Karapetjanc, Traders Union analyst, sees Energy Transfer’s strong Q3 figures as a clear testament to its operational resilience and prudent financial management. He believes robust EBITDA and disciplined leverage posture support the company’s medium-term fundamentals, even as the stock stays under short-term pressure. Macro sentiment and technical setup still favor sellers, but the structural story remains constructive. "If ET can hold the $18.38 support, I expect renewed upside potential as fundamentals eventually realign with price action."

Earlier, analysts noted that Energy Transfer’s solid operational performance was being overshadowed by sustained technical weakness and ongoing selling pressure. The latest quarterly results reinforce this narrative, with technical signals continuing to point toward downside risk, making $18.38 the critical support level investors should monitor for further signs of selling momentum.

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.