Chart indicators

Energy Transfer (ET) stock is trading at $15.4, which is ~10% above its 50-day moving average and 4% below its 200-day moving average level. ET stock has shown a decent uptrend so far this year. It is up about 14%, mirroring the Alerian MLP ETF (AMLP). Crude oil prices have surged more than 25% in the same period.

What to Expect from Energy Transfer Stock

Moving averages

Energy Transfer’s fair premium to its 50-day moving average level might please investors. However, its 200-day level close to $16.2 could act as a crucial resistance for the stock in the short term.

Energy Transfer stock is trading at an RSI (relative strength index) of 63, which indicates that it isn’t oversold or overbought. RSI levels below 30 and above 70 could imply an upcoming reversal in the stock’s direction.

ALMP is currently trading at $9.84, almost 4% above its 50-day and 3% below its 200-day moving average level. Levels close to $10.2 could act as a resistance for AMLP in the short term. AMLP’s RSI stood at 48 recently.

Implied volatility

Energy Transfer stock exhibited an implied volatility of 24%, which was notably lower than its 15-day average volatility. The implied volatility represents investors’ unease. Rising volatility is usually related to falling stock prices. At the same time, the S&P 500 had an implied volatility of 12% while AMLP’s was 19%.

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