Energy Transfer Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Energy Transfer stock price after Thursday trading.
(Updated on Mar 28, 2024)
The Energy Transfer stock price gained 1.22% on the last trading day (Thursday, 28th Mar 2024), rising from $15.54 to $15.73. During the last trading day the stock fluctuated 1.87% from a day low at $15.52 to a day high of $15.81. The price has risen in 5 of the last 10 days and is up by 4.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 359 thousand more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately $193.58 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $15.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.72% during the next 3 months and, with a 90% probability hold a price between $17.05 and $18.02 at the end of this 3-month period.
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ET Signals & Forecast
Mostly positive signals in the chart today. 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 $15.59 and $14.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 13.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.290 (1.87%) between high and low. For the last week, the stock has had daily average volatility of 1.26%.
The Energy Transfer stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $15.19 (-3.44%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (ET) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Energy Transfer L.P. to open at $15.69, and during the day (based on 14 day Average True Range), to move between $15.52 and $15.94, which gives a possible trading interval of +/-$0.211 (+/-1.34%) 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 2.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.56, some $0.170 (1.08%) from the current price of $15.73, our system finds the risk reward attractive.
Is Energy Transfer L.P. stock A Buy?
Energy Transfer holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.645 Strong Buy Candidate Upgraded
Predicted Opening Price for Energy Transfer L.P. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$15.69 ( 0.275%) | $15.73 |
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 | 15.98 | 1.57 % | |
R2 | 15.87 | 0.86 % | ||
R1 | 15.80 | 0.429 % | ||
Current price: | 15.73 | |||
Support | S1 | 15.58 | -0.98 % | |
S2 | 15.51 | -1.41 % | ||
S3 | 15.40 | -2.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 15.73 | |||
Support | S1 | 15.56 | -1.08% | |
S2 | 13.90 | -11.63% | ||
S3 | 13.88 | -11.76% |
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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