Energy Transfer Stock Forecast
Energy Transfer stock price ended at $15.96 on Friday, after gaining 0.125%.
(Updated on Apr 26, 2024)
The Energy Transfer stock price gained 0.125% on the last trading day (Friday, 26th Apr 2024), rising from $15.94 to $15.96. During the last trading day the stock fluctuated 0.694% from a day low at $15.86 to a day high of $15.97. The price has risen in 7 of the last 10 days and is up by 3.5% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 5 million shares were bought and sold for approximately $81.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 13.05% during the next 3 months and, with a 90% probability hold a price between $17.35 and $18.68 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ET Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -0.250%. 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). 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 $15.83 and $15.57. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $0.110 between high and low, or 0.694%. For the last week the stock has had daily average volatility of 1.06%.
Our recommended stop-loss: $15.41 (-3.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (ET) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Energy Transfer L.P. to open at $15.93, and during the day (based on 14 day Average True Range), to move between $15.72 and $16.20, which gives a possible trading interval of +/-$0.236 (+/-1.48%) 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 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $16.00 (0.25%) than the support at $15.56 (2.51%), 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: 2.223 Buy Candidate Unchanged
Predicted Opening Price for Energy Transfer L.P. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $15.93 ( 0.188%) | $15.96 |
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 | 16.04 | 0.501 % | |
| R2 | 16.00 | 0.238 % | ||
| R1 | 15.97 | 0.0753 % | ||
| Current price: | 15.96 | |||
| Support | S1 | 15.89 | -0.451 % | |
| S2 | 15.86 | -0.614 % | ||
| S3 | 15.82 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 16.00 | 0.251 % | ||
| Current price | 15.96 | |||
| Support | S1 | 15.56 | -2.51% | |
| S2 | 15.23 | -4.57% | ||
| S3 | 15.10 | -5.39% |
ET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 10, 2024 | May 20, 2024 | $0.318 | 1.99% |
| 2 | Jan 25, 2024 | Feb 06, 2024 | Feb 20, 2024 | $0.315 | 2.15% |
| 3 | Oct 20, 2023 | Oct 27, 2023 | Nov 20, 2023 | $0.313 | 2.31% |
| 4 | Jul 25, 2023 | Aug 11, 2023 | Aug 21, 2023 | $0.310 | 2.38% |
| 5 | Apr 26, 2023 | May 05, 2023 | May 22, 2023 | $0.308 | 2.42% |
FAQ
Click here for our free guide on how to buy Energy Transfer Stock.
