TARGA RESOURCES CORP (TRGP) Stock Technical Analysis
NYSE:TRGP - New York Stock Exchange, Inc. - US87612G1013 - Common Stock - Currency: USD
Taking everything into account, TRGP scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month TRGP has a been trading in the 161.34 - 176.53 range, which is quite wide. It is currently trading near the lows of this range.
TRGP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 210 stocks in the same industry.
TRGP has an average volume of 1735920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TRGP outperforms 60% of them, which is more or less in line with the market.
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.
TRGP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 161.71, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
155.74
185.43
We found 2 important support areas.
- Support @161.71 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 4 important resistance areas.
- A resistance zone ranging from 166.43 to 170.92. 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.
- Resistance @179.25 from a horizontal line in the daily time frame.
- Resistance @183.59 from a trend 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 | 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 | 60.31 | 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) | DOWN | NEGATIVE | The current price of TRGP is below a declining 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) | 45.52 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests TRGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.73 | NEUTRAL | The Stochastics value for TRGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 11.61 | 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)
165.64
+0.72 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.44%
1 Week-0.5%
2 Weeks-2.99%
1 Month-2.84%
3 Month-6.74%
6 Month-20.77%
12 Month25.9%
2 Year102.03%
3 Year139.68%
5 Year806.13%
10 Year87.27%
15 YearN/A
Volatility
ATR(14)4.18
ATR(20)%2.5%
ATR Inc-20.55%
Range Today2.82
ADR(20)4.05
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.31
Mansfield-1.3
10 Day High173.02
10 Day Low161.34
20 Day High176.54
20 Day Low161.34
52 Week High218.51
52 Week Low122.56
CS1 End161.71
CR1 Start166.43
Volume & EV
DER(3)0.03%
DER(5)0.79%
Volume1.45M
Volume Incr-4.64%
Vol(5)1.48M
Vol(50)1.74M