ENERGY TRANSFER LP - Daily - Technical analysis published on 10/07/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 13.02 USD
My targets
11.68 USD (-9.46%)
8.00 USD (-37.98%)
My analysis
The bearish trend is currently very strong for ENERGY TRANSFER LP. As long as the price remains below the resistance at 13.02 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 11.68 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8.00 USD as an objective. Crossing it would then enable sellers to target 6.45 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENERGY TRANSFER LP rating 12.90 USD. The price registered an increase of +0.23% on the session with the lowest point at 12.86 USD and the highest point at 13.13 USD. The deviation from the price is +0.31% for the low point and -1.75% for the high point.12.86
13.13
12.90
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ENERGY TRANSFER LP indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.45 | 8.00 | 11.68 | 12.90 | 13.02 | 13.76 | 15.10 |
| Change (%) | -50.00% | -37.98% | -9.46% | - | +0.93% | +6.67% | +17.05% |
| Change | -6.45 | -4.90 | -1.22 | - | +0.12 | +0.86 | +2.20 |
| Level | Minor | Intermediate | Major | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.27 | 12.39 | 12.63 | 12.75 | 12.99 | 13.11 | 13.35 |
| Camarilla | 12.77 | 12.80 | 12.84 | 12.87 | 12.90 | 12.94 | 12.97 |
| Woodie | 12.33 | 12.42 | 12.69 | 12.78 | 13.05 | 13.14 | 13.41 |
| Fibonacci | 12.39 | 12.53 | 12.61 | 12.75 | 12.89 | 12.97 | 13.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.07 | 12.54 | 12.82 | 13.29 | 13.57 | 14.04 | 14.32 |
| Camarilla | 12.89 | 12.96 | 13.03 | 13.10 | 13.17 | 13.24 | 13.31 |
| Woodie | 11.98 | 12.49 | 12.73 | 13.24 | 13.48 | 13.99 | 14.23 |
| Fibonacci | 12.54 | 12.83 | 13.00 | 13.29 | 13.58 | 13.75 | 14.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.64 | 12.33 | 12.70 | 13.39 | 13.76 | 14.45 | 14.82 |
| Camarilla | 12.79 | 12.89 | 12.98 | 13.08 | 13.18 | 13.27 | 13.37 |
| Woodie | 11.49 | 12.25 | 12.55 | 13.31 | 13.61 | 14.37 | 14.67 |
| Fibonacci | 12.33 | 12.73 | 12.98 | 13.39 | 13.79 | 14.04 | 14.45 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.11 | |
| MACD (12,26,9): | -0.2100 | |
| Directional Movement: | -12.23 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 13.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.20 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 13.54 | |
| Zig ZAG (10): | 12.90 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 19.21 | |
| TEMA (21): | 12.89 | |
| Williams %R (14): | -69.53 | |
| Chande Momentum Oscillator (20): | -0.60 | |
| Repulse (5,40,3): | -1.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 10.83 |
| MA7: | 12.96 | |
| MA20: | 13.41 | |
| MA50: | 13.52 | |
| MA100: | 13.84 | |
| MAexp7: | 12.98 | |
| MAexp20: | 13.25 | |
| MAexp50: | 13.52 | |
| MAexp100: | 13.78 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | -3.80% | |
| Price / MA50: | -4.59% | |
| Price / MA100: | -6.79% | |
| Price / MAexp7: | -0.62% | |
| Price / MAexp20: | -2.64% | |
| Price / MAexp50: | -4.59% | |
| Price / MAexp100: | -6.39% |
This member declared not having a position on this financial instrument or a related financial instrument.
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