TARGA RESOURCES CORP (TRGP)
US87612G1013 - Common Stock
Overall TRGP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRGP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, TRGP did better than 93% of all other stocks.
TRGP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 89% of 213 stocks in the same industry.
TRGP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TRGP is leading the market.
In the last month TRGP has a been trading in the 110.26 - 117.61 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
TRGP has an average volume of 1864620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TRGP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 111.77, a Stop Loss order could be placed below this zone.
More info and screens
78.44
117.16
5 important support areas can be observed.
- A support zone ranging from 111.78 to 112.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @87.58 from a trend line in the weekly time frame.
- Support @83.56 from a trend line in the daily time frame.
- A support zone ranging from 81.29 to 81.87. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @79.23 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 115.97 to 116.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.67
Mansfield2.12
10 Day High117.61
10 Day Low111.27
20 Day High117.61
20 Day Low110.26
52 Week High117.61
52 Week Low67.36
Performance
1 Week-1.54%
2 Weeks-2.63%
1 Month1.72%
3 Month36.89%
6 Month30.26%
12 Month49.35%
2 Year53.82%
3 Year225.51%
5 Year181.25%
10 Year4.57%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.89
RSI(14)58.59
LBB111.7
UBB116.88
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 116.01 | 111.76 | 4.25 (3.66%) | 25.00% |
| An entry @116.01. This is a Buy Stop order right above the resistance zone. | An exit @111.76. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.25 points, which is 3.66%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.92%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TARGA RESOURCES CORP
NYSE:TRGP (4/19/2024, 3:27:57 PM)
After market: 112.92 0 (0%)112.92
+1.14 (+1.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.02%
1 Week-1.54%
2 Weeks-2.63%
1 Month1.72%
3 Month36.89%
6 Month30.26%
12 Month49.35%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.39
ATR(20)%1.87%
ATR Inc
Range Today1.94
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High117.61
10 Day Low111.27
20 Day High117.61
20 Day Low110.26
52 Week High117.61
52 Week Low67.36
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.52M
Volume Incr8.95%
Vol(5)1.87M
Vol(50)1.86M