Energy Transfer LP Unit (ET) Stock: What Does the Chart Say Thursday?

Overall market sentiment has been down on Energy Transfer LP Unit (ET) stock lately. ET receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Energy Transfer LP Unit has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ET!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ET Stock Today?

Energy Transfer LP Unit (ET) stock is trading at $11.57 as of 12:25 PM on Thursday, Sep 22, a decline of -$0.30, or -2.49% from the previous closing price of $11.86. The stock has traded between $11.49 and $12.02 so far today. Volume today is 13,625,558 compared to average volume of 16,716,614. To screen for more stocks like Energy Transfer LP Unit click here.

More About Energy Transfer LP Unit

Energy Transfer owns a large platform of crude oil, natural gas, and natural gas liquid assets primarily in Texas and the U.S. midcontinent region. It also has gathering and processing facilities, one of the largest fractionation facilities in the U.S., and fuel distribution. Energy Transfer also owns the Lake Charles gas liquefaction facility. It combined its publicly traded limited and general partnerships in October 2018. Click Here to get the full Stock Report for Energy Transfer LP Unit stock.