TARGA RESOURCES PARTNERS LP (NGLS) Technical Analysis
NYSE:NGLS
Current stock price
NGLS Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NGLS. NGLS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 97% of all other stocks performed better in the past year than NGLS.
- NGLS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NGLS is lagging the market.
- In the last month NGLS has a been trading in the 8.91 - 15.25 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NGLS has an average volume of 2998510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NGLS Weekly and Daily overview Charts
NGLS Setup Rating and Analysis
The technical rating of NGLS is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NGLS Support and Resistance Analysis
9.43
When analyzing the support we notice one important area.
- Support @9.53 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @13.91 from a trend line in the daily time frame.
- Resistance @14.55 from a trend line in the daily time frame.
- Resistance @19.24 from a trend line in the weekly time frame.
- Resistance @20.49 from a trend line in the weekly time frame.
NGLS Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NGLS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGLS is down. |
| ChartMill Relative Strength | 3.19 | NEGATIVE | NGLS has a low relative strength, it was outperformed by 96.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGLS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGLS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NGLS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.56 | NEUTRAL | The RSI value for NGLS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests NGLS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.3 | OVERSOLD | The low Stochastics value suggests NGLS may be oversold. |
| Average True Range in percent/ATR (20) | 13.62 | HIGH VOLATILITY | The high ATR as a percentage value for NGLS suggests high volalility. |
NGLS Chart- and CandleStick Pattern Analysis
NGLS Technicals: Chart, Performance Metrics, Trend & Indicators
10.65
+0.63 (+6.29%)
TARGA RESOURCES PARTNERS LP / NGLS TA FAQ
What is the ChartMill technical rating of TARGA RESOURCES PARTNERS LP (NGLS) stock?
ChartMill assigns a technical rating of 0 / 10 to NGLS.
What is the current trend direction of TARGA RESOURCES PARTNERS LP (NGLS) stock?
The current trend direction for TARGA RESOURCES PARTNERS LP (NGLS) is Bearish.
Can you provide the RSI signal for TARGA RESOURCES PARTNERS LP?
TARGA RESOURCES PARTNERS LP (NGLS) has an RSI value of 39.5564. This indicates that the stock is currently neutral.
What is the MACD signal for TARGA RESOURCES PARTNERS LP (NGLS) stock?
The MACD indicator for TARGA RESOURCES PARTNERS LP (NGLS) has a value of -0.169223, indicating a bearish trend.
What is the short term momentum for NGLS stock?
The short term momentum for TARGA RESOURCES PARTNERS LP (NGLS) is negative.