Energy Transfer Stock Forecast

Energy Transfer stock price ended at $15.77 on Friday, after gaining 1.55%.
(Updated on Apr 19, 2024)

ET Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -1.44%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Energy Transfer stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $15.42 and $15.44. 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.

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 $0.430 between high and low, or 2.77%. For the last week the stock has had daily average volatility of 2.27%.

Our recommended stop-loss: $15.19 (-3.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (ET) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Energy Transfer L.P. to open at $15.75, and during the day (based on 14 day Average True Range), to move between $15.50 and $16.04, which gives a possible trading interval of +/-$0.267 (+/-1.69%) 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 3.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.78 (0.06%) than the support at $15.56 (1.33%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.632 Buy Candidate Unchanged

Predicted Opening Price for Energy Transfer L.P. of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.