TARGA RESOURCES CORP (TRGP) Stock Technical Analysis
NYSE:TRGP - New York Stock Exchange, Inc. - US87612G1013 - Common Stock - Currency: USD
Overall TRGP gets a technical rating of 3 out of 10. Although TRGP is scoring some points because its good overall performance in the market in the past year, 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.
TRGP is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. TRGP outperforms 83% of them.
TRGP has an average volume of 2286650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TRGP did better than 81% of all other stocks. We also observe that the gains produced by TRGP over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 7 months ago.
TRGP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TRGP is lagging the market slightly.
In the last month TRGP has a been trading in the 154.45 - 179.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TRGP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 159.55, a Stop Loss order could be placed below this zone.
More info and screens
155.74
212.39
We found 1 important support area.
- A support zone ranging from 157.31 to 159.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 163.03 to 164.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 177.32 to 179.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @195.24 from a trend line in the daily time frame.
- Resistance @201.72 from a horizontal line in the daily time frame.
- Resistance @210.29 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.7
Mansfield-0.66
10 Day High173.62
10 Day Low156.88
20 Day High179.85
20 Day Low154.45
52 Week High218.51
52 Week Low114.36
Performance
1 Week-4.47%
2 Weeks2.93%
1 Month-5.25%
3 Month-19.18%
6 Month-21.89%
12 Month41.7%
2 Year137.96%
3 Year124.84%
5 Year805.14%
10 Year76.11%
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)0.77
RSI(14)41.67
LBB155.38
UBB170.51
161.93
-2.7 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.64%
1 Week-4.47%
2 Weeks2.93%
1 Month-5.25%
3 Month-19.18%
6 Month-21.89%
12 Month41.7%
2 Year137.96%
3 Year124.84%
5 Year805.14%
10 Year76.11%
15 YearN/A
Volatility
ATR(14)5.53
ATR(20)%3.49%
ATR Inc-43.96%
Range Today4.1
ADR(20)4.96
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.7
Mansfield-0.66
10 Day High173.62
10 Day Low156.88
20 Day High179.85
20 Day Low154.45
52 Week High218.51
52 Week Low114.36
CS1 End159.55
CR1 Start163.03
Volume & EV
DER(3)0.79%
DER(5)0.5%
Volume2.13M
Volume Incr-20.07%
Vol(5)1.83M
Vol(50)2.29M