Energy Transfer LP (ET)

FundamentalScore 4/5. ET combines reasonable valuation (TTM P/E ~12.91; EV/EBITDA ~9.67), a ~6.47% trailing distribution yield, and improving 2026 performance/raised Adjusted EBITDA guidance, while SEC filings describe solid liquidity and covenant compliance. The main offset is elevated leverage (net debt/EBITDA ~4.76; Altman Z ~1.40) plus regulatory and litigation risks disclosed in the latest 10-K.

A forming, mildly constructive setup: an announced NYSE→TXSE primary-listing transfer (neutral reception, partially priced) plus a rumored ~$13.8M executive-chairman insider buy dated 2026-09-03, set against a determinate flat-to-mildly-positive media delta (baseline +0.02 → scoring +0.10). Red-Flag Screen clean with no cap fired; the rumored-confidence bullish leg and near-flat delta keep this mixed/forming rather than a strong setup.

Intermediate uptrend is intact and strong: price 21.03 sits above a rising SMA50 (20.77) and rising SMA200 (19.07) with ADX 31.25 confirming trend strength, and the four-session pullback from the 09-10 52-week high of 21.84 has come on shrinking volume into a four-touch support shelf at 20.96-21.00 (08-24/08-25/08-26 daily lows plus today's 20.99 low and the round number). Williams %R at -95.88 is pinned at the bottom of the 14-day range, flagging short-term selling exhaustion exactly at the entry zone, and MACD line 0.19 is still positive, so the dip is within the uptrend rather than countertrend (trend-alignment gate passes). Offsetting: the short-term stack has flipped (price below SMA20/EMA9/EMA21/WMA9/WMA21/DEMA14), RSI has cooled from 66.6 to 45.9, the MACD histogram is still negative at -0.08, and no reversal bar has printed yet - momentum has not turned up. That mix merits a 3, and the entry is a patient limit at the support shelf rather than a momentum chase; the 1.0xATR floored stop (Change A) keeps the position below the shelf's stop-hunt range and yields R/R 2.00 against the ATR-scaled targets.