TARGA RESOURCES CORP (TRGP) Stock Technical Analysis
NYSE:TRGP - New York Stock Exchange, Inc. - US87612G1013 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to TRGP. TRGP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames 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 208 other stocks in this industry. TRGP outperforms 71% of them.
TRGP has an average volume of 1670100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TRGP turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
TRGP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TRGP is lagging the market.
In the last month TRGP has a been trading in the 160.55 - 173.02 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. Prices have been consolidating lately. There is a support zone below the current price at 160.57, a Stop Loss order could be placed below this zone.
More info and screens
155.74
183.02
When analyzing the support we can see 2 important areas.
- Support @160.57 from a horizontal line in the daily time frame.
- A support zone ranging from 157.31 to 157.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 165.63 to 168.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 174.81 to 175.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 179.25 to 181.21. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for TRGP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRGP is down. |
| ChartMill Relative Strength | 66.6 | NEUTRAL | TRGP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRGP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TRGP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TRGP is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.56 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests TRGP has a negative trend. |
| Stochastics (14,3) | 26.97 | NEUTRAL | The Stochastics value for TRGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.1 | NEGATIVE | The low ADX value for TRGP suggests a weak or negative trend. |
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)
163.05
-0.58 (-0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.35%
1 Week-2.58%
2 Weeks-1.13%
1 Month-4.48%
3 Month2.19%
6 Month-19.05%
12 Month20.16%
2 Year89.04%
3 Year138.97%
5 Year858.55%
10 Year146.82%
15 YearN/A
Volatility
ATR(14)3.92
ATR(20)%2.36%
ATR Inc-2.72%
Range Today3.14
ADR(20)3.69
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.6
Mansfield-1.42
10 Day High169.65
10 Day Low160.55
20 Day High173.02
20 Day Low160.55
52 Week High218.51
52 Week Low135.5
CS1 End160.57
CR1 Start165.63
Volume & EV
DER(3)-1.38%
DER(5)-0.52%
Volume1.70M
Volume Incr32.05%
Vol(5)1.66M
Vol(50)1.67M