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Energy Transfer Equity, L.P. (ETE) - Buy, Sell or Hold?

Sector: Public Utilities   Sub-Sector: Natural Gas Distribution
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bearish EngulfingDojiTue, 14 Nov 2017-2.04%
***Stock database and scans are updated around midnight (New York time) every trading day.
16.31 0.00 (0%) Nov 17 4:00pm EDT
Open: 16.67 Range: 16.30 - 16.80 Vol: 4.81M Avg Vol: 4.72M
EPS: 0.79 P/E ratio: 22.38 EBITDA: 5.53B Mkt Cap: 19.16B
Analyze "ETE" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 16.54
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 17.26
Last Trade is below the 50 day moving average at 17.48
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 17.86
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ETE

Stock Trend Analysis - Buy, Sell or Hold "Energy Transfer Equity, L.P." (ETE)?

ETE is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that ETE has been range bound with a slight upward bias, having traded above the 200 SMA about 60% of the time. The 50 day moving average indicates a medium term trading range with a bullish upside inclination. The 20 day moving average is however on a slight bearish bias, otherwise, it is also indicating range bound trading. Objectively, as long as ETE is trading below its 200 SMA, rallies will be sold into and traders can expect a lot of resistance near the 200 SMA currently at 17.86. Technically there are too many uncertainties to recommend a buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ETE".

The analyst consensus estimates for the 1 year price target for this stock is $20.59* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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