TARGA RESOURCES PARTNERS LP (NGLS) Stock Technical Analysis
NYSE:NGLS - New York Stock Exchange, Inc. -
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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.
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
9.43
20.69
We found 1 important support area.
- Support @9.53 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.65
+0.63 (+6.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.29%
1 Week-11.69%
2 Weeks-19.01%
1 Month0%
3 Month-54.89%
6 Month-61.95%
12 Month-76.42%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.41
ATR(20)%13.62%
ATR Inc-0.15%
Range Today1.43
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.19
Mansfield-6.32
10 Day High14.96
10 Day Low8.91
20 Day High15.25
20 Day Low8.91
52 Week High47
52 Week Low8.91
CS1 End9.53
CR1 Start13.91
Volume & EV
DER(3)-2.51%
DER(5)0.4%
Volume24.45M
Volume Incr218.17%
Vol(5)7.48M
Vol(50)3.00M