TARGA RESOURCES CORP (TRGP) Technical Analysis
NYSE:TRGP • US87612G1013
We assign a technical rating of 9 out of 10 to TRGP. 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.
- TRGP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRGP is lagging the market slightly.
- TRGP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- TRGP has an average volume of 1408040 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 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- TRGP is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, TRGP did better than 56% of them.
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 very little resistance above the current price. There is a support zone below the current price at 232.46, a Stop Loss order could be placed below this zone.
More info and screens
167.86
When analyzing the support we can see 5 important areas.
- A support zone ranging from 230.97 to 232.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 195.74 to 198.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @182.25 from a trend line in the daily time frame.
- Strong support @174.81 from a horizontal line in the daily time frame.
- Support @169.56 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for TRGP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRGP is up. |
| ChartMill Relative Strength | 84.29 | POSITIVE | TRGP has a high relative strength, it outperformed 84.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRGP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests TRGP has a negative trend. |
| Stochastics (14,3) | 51.43 | NEUTRAL | The Stochastics value for TRGP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 45.67 | POSITIVE | The high ADX value value for TRGP suggests a strong trend. |
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 |
|---|---|---|---|
| 236.74 | 230.96 | 5.78 (2.44%) | 25.00% |
| An entry @236.74. This is a Buy Stop order right above the 10 day moving average. | An exit @230.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.78 points, which is 2.44%. | For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TRGP. Please evaluate whether better entry and exit points can be found.
- 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.
TRGP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:TRGP (3/11/2026, 12:42:03 PM)
235.26
+2.79 (+1.2%)
TARGA RESOURCES CORP / TRGP FAQ
Can you provide the ChartMill technical rating for TARGA RESOURCES CORP?
ChartMill assigns a technical rating of 9 / 10 to TRGP.
What is the trend direction for TRGP stock?
The current trend direction for TARGA RESOURCES CORP (TRGP) is Bullish.
Can you provide the RSI signal for TARGA RESOURCES CORP?
TARGA RESOURCES CORP (TRGP) has an RSI value of 60.9972. This indicates that the stock is currently neutral.
What is the MACD signal for TARGA RESOURCES CORP (TRGP) stock?
The MACD indicator for TARGA RESOURCES CORP (TRGP) has a value of -1.33372, indicating a bearish trend.
What are the support and resistance levels for TARGA RESOURCES CORP (TRGP) stock?
TARGA RESOURCES CORP (TRGP) has a support level at 232.46. Check the full technical report for our detailed analysis of TRGP support and resistance levels.