TARGA RESOURCES CORP (TRGP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRGP - US87612G1013 - Common Stock
Taking everything into account, TRGP scores 6 out of 10 in our technical rating. In the last year, TRGP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, TRGP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 176.85, a Stop Loss order could be placed below this zone.
More info and screens
167.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 174.54 to 176.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @169.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 185.73 to 186.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for TRGP is neutral. |
| ChartMill Relative Strength | 47.86 | 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 | POSITIVE | The current price of TRGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TRGP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.39 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.44 | NEGATIVE | The MACD value suggests TRGP has a negative trend. |
| Stochastics (14,3) | 13.34 | OVERSOLD | The low Stochastics value suggests TRGP may be oversold. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 25.69 | POSITIVE | The high ADX value value for TRGP suggests a strong trend. |
176.86
+0.1 (+0.06%)
TARGA RESOURCES CORP / TRGP FAQ
Can you provide the ChartMill technical rating for TARGA RESOURCES CORP?
ChartMill assigns a technical rating of 6 / 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 46.3912. 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 -1.44236, 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 176.85 and a resistance level at 185.73. Check the full technical report for our detailed analysis of TRGP support and resistance levels.