Energy Transfer stock rises while facing resistance at $19.35 and bearish momentum signals

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Energy Transfer rises 1.16% today

Highlights

ET/USD is trading near $19.13 after rising 1.16%, reflecting short-term positive momentum within a moderate volatility environment.
Despite intraday gains, the dominant signals from MACD and ADX remain bearish, with oscillators providing mixed confirmation.
The expected trading range for the next 2 to 3 days is $18.37 to $19.89, with a 65% probability of downward movement unless resistance at $19.35 is broken.

Mixed momentum as short-term breakout faces major resistance

The MA-20 is currently at $19.12, with the price crossing above this short-term support, while both the MA-50 at $19.82 and MA-200 at $19.73 remain overhead as significant resistance levels. The Ichimoku Kijun stands at $19.35 and acts as immediate resistance. Among momentum indicators, MACD shows strong sell momentum and ADX signals a sell bias, reflecting bearish prevailing momentum. Both RSI and CCI indicate neutral conditions, while the Stoch RSI is in the overbought zone, suggesting a risk of short-term correction. Bull/Bear Power is slightly positive at 0.01, highlighting minor intraday buying pressure. The Awesome Oscillator remains neutral, providing no directional bias.

Downside risk grows as probability model favors weaker scenario

Over the next 2–3 sessions, ET is expected to trade within a $18.37–$19.89 volatility band. The probability model currently points to a 35% chance of an upward break versus a 65% likelihood of downside movement, making further weakness the more probable scenario. Sideways consolidation may persist if the price remains within this range, while a decisive move above $19.35 could trigger bullish momentum, and a failure to hold support may lead to renewed selling pressure.

Anton Kharitonov, expert at Traders Union, sees Energy Transfer’s technical stance as fragile despite today’s minor advance. Momentum indicators stay bearish and resistance above $19.35 limits near-term upside. The probability model points to more downside, with any bullish breakout requiring strong confirmation. "Until $19.35 is broken with conviction, I remain cautious and see no clear long setup here."

Earlier, analysts noted that technical weakness and persistent selling pressure continued to dominate Energy Transfer’s price action despite supportive corporate measures. The latest data show that while short-term momentum has improved above the MA-20, the prevailing scenario remains biased to the downside, making the $19.35 resistance level critical for any potential bullish shift.

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.