ET Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for ET's stock price next trading week:
Technical Analysis:
- Current Price: $21.02
- RSI (14): 75.22 indicates overbought conditions
- MACD: 0.55 showing positive momentum
- SMA20: $19.94
- SMA60: $18.69
- Fibonacci levels:
- Resistance 1: $21.19
- Resistance 2: $21.70
- Support 1: $19.50
- Support 2: $18.99
News Impact:
- Energy Transfer has seen increased interest from investors due to potential benefits from Trump's energy policies
- The company's recent inclusion in Benzinga's Stock Whisper Index suggests growing institutional interest
- The extension of LNG export comment period and Biden's moratorium reversal could positively impact ET's Lake Charles project
Price Prediction: Based on technical indicators and news sentiment:
- Short-term target: $21.70 (Fibonacci R2)
- The stock is likely to test the $21.70 resistance level next week
- If resistance breaks, next target would be $22.54 (Fibonacci R3)
- Support at $20.34 (Fibonacci pivot)
Trading Recommendation: SELL at current levels ($21.02) because:
- RSI above 75 indicates overbought conditions
- Price is trading near resistance levels
- Current price is significantly above both SMA20 and SMA60, suggesting potential pullback
- Set stop loss at $21.70 and take profit at $19.50
The stock may experience a short-term correction before resuming its upward trend. Consider re-entering positions near the SMA20 level ($19.94).
ET Similar Chart Price Prediction
The price of ET is predicted to go up -28.51%, based on the high correlation periods with COUR. The similarity of these two price pattern on the periods is 97.35%.
ET
COUR
Down: -28.51%Similarity: 97.35%
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ET VS S&P500
Energy Transfer's consolidation in October 2018 reduced the company's cost of capital and helped fund its growth projects over the last few years.
Energy Transfer is diversified across markets, commodities, and geographies giving the company access to many large customers.
Energy Transfer is well positioned to benefit from our outlook for growing natural gas liquids exports.
ET Analyst's Forecast
Theresa Chen
Barclays
Buy
Price Target
$22 → $25
Upside
+28.4%
Barclays analyst Theresa Chen raised the firm's price target on Energy Transfer LP to $25 from $22 and keeps an Overweight rating on the shares. As the company's diversified base business continues to generate steady earnings, the partnership's longer-term strategy related to demand-driven natural gas infrastructure growth will remain a key focus and ultimately drive stock performance, the analyst tells investors in a research note.
Marc Solecitto
Barclays
Buy
Price Target
$18 → $22
Upside
+16.65%
Michael Blum
Wells Fargo
Buy
Price Target
$20 → $21
Upside
+15.38%