Energy Transfer Equity (ETE) stock is currently trading at $17.63, ~1% below its 50-day moving average and 4% above its 200-day moving average.
The stock does not look particularly weak right now, but if it breaks below its 200-day moving average level of close to $16.88—its crucial support level—then a bearish sentiment may set in.
Relative strength index
Currently, ETE’s RSI (relative strength index) looks stable at 46. The RSI is a momentum oscillator that takes values of between 0 and 100. A stock is considered oversold when its RSI score falls below 30 and overbought when its RSI score rises above 70. Extreme RSI values could imply an impending reversal in a stock’s direction.
ETE has rallied more than 38% since its 52-week low of $12.80 in March. It’s still 9% below the 52-week high of $19.34 it achieved in January.
Energy Transfer Partners
Energy Transfer Partners (ETP) stock looks strong, as it’s trading 4% and 18% above its 50-day and 200-day moving averages, respectively. These moving averages of ~$21.63 and ~$19.16, respectively, could act as support levels for ETP going forward. It’s currently trading at an RSI of 48.
You can read about how the second quarter played out for these companies in How ETE and ETP Performed in the Second Quarter.