Energy Transfer Stock Forecast
Red day on Wednesday for Energy Transfer stock after losing 0.189%
(Updated on Apr 24, 2024)
The Energy Transfer stock price fell by -0.189% on the last day (Wednesday, 24th Apr 2024) from $15.90 to $15.87. During the last trading day the stock fluctuated 1.00% from a day low at $15.79 to a day high of $15.95. The price has been going up and down for this period, and there has been a 0.57% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 million shares and in total, 7 million shares were bought and sold for approximately $108.44 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.86% during the next 3 months and, with a 90% probability hold a price between $17.25 and $18.57 at the end of this 3-month period.
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ET Signals & Forecast
The Energy Transfer stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.60 and $15.52. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Wednesday, June 14, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, June 14, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Energy Transfer stock
Energy Transfer finds support from accumulated volume at $15.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.158 between high and low, or 1.00%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $15.23 (-4.04%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (ET) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Energy Transfer L.P. to open at $15.87, and during the day (based on 14 day Average True Range), to move between $15.62 and $16.12, which gives a possible trading interval of +/-$0.249 (+/-1.57%) up or down from last closing price. If Energy Transfer L.P. takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.90 (0.19%) than the support at $15.56 (1.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Energy Transfer L.P. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Energy Transfer stock to perform well in the short-term.
Current score: 2.628 Buy Candidate Unchanged
Predicted Opening Price for Energy Transfer L.P. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $15.87 ( 0.0042%) | $15.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ET
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.03 | 0.99 % | |
| R2 | 15.97 | 0.611 % | ||
| R1 | 15.93 | 0.376 % | ||
| Current price: | 15.87 | |||
| Support | S1 | 15.81 | -0.385 % | |
| S2 | 15.77 | -0.619 % | ||
| S3 | 15.71 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 16.00 | 0.82 % | ||
| R1 | 15.90 | 0.189 % | ||
| Current price | 15.87 | |||
| Support | S1 | 15.56 | -1.95% | |
| S2 | 15.23 | -4.03% | ||
| S3 | 15.10 | -4.85% |
ET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 06, 2024 | Feb 20, 2024 | $0.315 | 2.15% |
| 2 | Oct 20, 2023 | Oct 27, 2023 | Nov 20, 2023 | $0.313 | 2.31% |
| 3 | Jul 25, 2023 | Aug 11, 2023 | Aug 21, 2023 | $0.310 | 2.38% |
| 4 | Apr 26, 2023 | May 05, 2023 | May 22, 2023 | $0.308 | 2.42% |
| 5 | Jan 25, 2023 | Feb 06, 2023 | Feb 21, 2023 | $0.305 | 2.39% |
FAQ
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