Based

Rally

Wednesday

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>ET stock price surged 0.58% in the intraday session on Wednesday and currently trades at $13.90.</a> </li> 
 <li> <span>2</span> <a>Energy Transfer stock price (NYSE: ET) indicates bullishness and delivers a positive outlook.</a> </li> 
 <li> <span>3</span> <a>The ET Share price bounced back from the 200-day EMA indicating strength.</a> </li> 
</ul> 
<p>ET stock price analysis states that the stock shows accumulation after a rally that started after taking a rebound from the 200-EMA. The daily chart also shows a parallel channel formation.&nbsp;</p> 
<p>Energy Transfer (NYSE: ET) stock witnessed a rally after the recent dividends. The ET stock persisted in an uptrend before the announcement of quarterly results. However, the disclosure of quarterly results triggered a gaped-down opening followed by a profit booking. The stock price fell below the 50-day EMA.<br><br>Furthermore, the stock price rallied after the dividends and broke the consolidation. The daily chart shows that the stock price showed an engulfing bullish pattern near the 200-day EMA. The bulls dominated near the 200-day EMA and took control of the price trend. The stock price gained more than 10% to go from $12 to $14 in the next 4 weeks.</p> 
<p>The analysts have a 1-year price forecast for ET stock with a maximum estimate of $22 and a potential of 58.27% to the upside. The analysts expect a minimum potential of 7.91% that could take the price to $15. Energy Transfer LP Unit engages in the provision of natural gas pipeline transportation and transmission services.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="545" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-631-1024x545.png" alt="" class="wp-image-170052" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-631-1024x545.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-631-300x160.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-631-768x409.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-631-750x399.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-631-1140x606.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-631.png 1453w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>ET stock’s option-chain analysis states that the current implied volatility in the market is 15.56% with a decrement of 0.55% in the last trading session. The at-the-money strike price has 285 open contracts on the PUT side and 5,325 open contracts on the CALL side indicating the dominance of sellers at the current level.</p> 
<h2 class="wp-block-heading" id="strong-et-stock-price-shows-accumulation-after-rally-strong"><strong>ET Stock Price Shows Accumulation After Rally</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632-1024x456.png" alt="" class="wp-image-170053" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-632.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Energy Transfer 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The ET stock price currently trades at $13.90 and is accumulating after a bullish rally.</p> 
<p>Based on the price action, it appears that the ET stock persists in an uptrend has formed a higher swing, and is consolidated. The price needs to accumulate or take a pullback before further trend continuation.<br><br>Also, the option chain data shows the dominance of sellers at the current levels. Hence, it requires more buying volume to counter the selling pressure and resume its upward trajectory.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-et-stock-price-took-support-near-200-day-ema-strong"><strong>ET Stock Price Took Support Near 200-Day EMA</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633-1024x456.png" alt="" class="wp-image-170054" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-633.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Energy Transfer 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The technical indicator analysis of the <a href="https://www.thecoinrepublic.com/2023/09/20/anet-stock-forecast-will-nyse-anet-price-cross-200-soon/" target="_blank" rel="noopener noreferrer nofollow">ET share price</a> implies that the price bounced back from the 200-day EMA indicating the buyer’s presence at the lower levels. The EMAs are acting as a dynamic support to the price.<br><br>The overall technical indicators including the RSI and MACD signal a 90% “buy”. The long-term indicators fully support the continuation of the trend.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>ET stock is in an uptrend after a bullish rally from the 200-day EMA. The stock shows accumulation after the dividends that broke the consolidation. The stock price needs more buying volume to overcome the selling pressure and continue the upward trend. The analysts have a positive outlook for the stock, with a maximum price target of $22. Energy Transfer is a natural gas pipeline company that reported lower earnings in the last quarter. The stock trades at $13.90 and has a dividend yield of 1.5%.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels:</strong> $13.46 and $12.95</li> 
 <li><strong>Resistance levels:</strong> $14.03 and $14.50</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

ET Stock Price Prediction: Can Energy Transfer Stock Gain More?

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