Energy Transfer shares gain more than 2% after strong intraday buying moves stock towards resistance

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Energy transfer rises 2.15% today

Highlights

Energy Transfer stock trades below key moving averages, indicating sustained selling pressure across multiple timeframes.
Technical indicators show weak momentum, neutral RSI, and oversold conditions on both Stochastic RSI and CCI.
Over the next five days, the expected price range is $18.92 to $20.08 with a 74% chance of a downward move.

Anton Kharitonov, expert at Traders Union, sees Energy Transfer LP facing persistent downside risk. He notes the stock continues to trade below all core moving averages, confirming a dominant pattern of seller control. Technical signals, including weak momentum and the lack of positive news catalysts, reinforce his wary outlook. Kharitonov believes recent gains are fragile — failed moves above resistance and sustained selling pressure undermine stability. He emphasizes the high probability of further losses if support levels break. "The setup remains weak, and until bullish confirmation appears, I expect sellers to drive price action lower," he warns.

Viktoras Karapetjanc, expert at Traders Union, remains constructive on ET's prospects despite the current technical pullback. He notes that support near $19.15 may offer a base for buyers to regain confidence. While no major news flow is present to steer sentiment, Karapetjanc sees opportunity if resistance at $19.73 is breached. The expert highlights that energy infrastructure assets often attract renewed interest following periods of volatility. "The bullish structure can recover swiftly — a decisive move above technical barriers could spark further growth toward recent highs," he asserts.

Parshwa Turakhiya, analyst, focuses on sentiment-driven dynamics for ET. He observes that the recent 2.15% gain is countered by weak indicators and lingering downside sentiment. Turakhiya highlights that oversold levels on Stochastic RSI and CCI point to potential for a reactive bounce, but warns that momentum is not yet supportive of a follow-through rally. The lack of news flow means price action is likely to stay technical and headline-light. "This is a range-bound setup — agile traders could target short-term reversals while momentum remains muted," he says.

Multiple timeframes pressured as weak momentum meets oversold signals

ET is trading below its 20-, 50-, and 200-day moving averages ($20.09, $20.56, and $19.73, respectively), which highlights ongoing selling pressure across multiple timeframes. The nearest resistance is set at $19.73, while nearby support sits at $19.15. Momentum remains weak: both the MACD and Average Directional Index signal prevailing selling pressure. The Relative Strength Index is neutral. Both the Stochastic RSI and Commodity Channel Index are in oversold territory, flagging risk of a technical rebound. Bull/Bear Power indicates that sellers still dominate intraday momentum. The stock is trading up to $19.50 after opening with a downside gap of about $0.16, nearing the day's high, and intraday volatility is 1.92%.

Earlier, analysts noted that Energy Transfer continued to face persistent technical weakness, with sellers maintaining control despite occasional short-term momentum shifts. The current analysis reinforces this bearish bias and, with prevailing downside risks, highlights $19.73 as a critical resistance level that could determine the near-term trajectory.

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

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