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 5 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
TRGP is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. TRGP outperforms 83% of them.
In the last month TRGP has a been trading in the 155.45 - 170.04 range, which is quite wide. It is currently trading near the high of this range.
TRGP has an average volume of 2426970 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 80% of all other stocks. We also observe that the gains produced by TRGP over the past year are nicely spread over this period. However, we also see that TRGP couldn't keep up this performance in the last couple of months.
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 only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 169.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 163.33, a Stop Loss order could be placed below this zone.
More info and screens
155.74
212.39
When analyzing the support we notice one important area.
- A support zone ranging from 157.31 to 163.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 169.79 to 170.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @191.27 from a trend line in the daily time frame.
- Resistance @198.41 from a trend line in the daily time frame.
- Resistance @210.29 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 | DOWN | NEGATIVE | The long term trend for TRGP is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRGP is neutral. |
| ChartMill Relative Strength | 80.66 | POSITIVE | TRGP has a high relative strength, it outperformed 80.66% 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) | DOWN | MIXED | The current price of TRGP is above 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) | 56.36 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.32 | POSITIVE | The MACD value suggests TRGP has a positive trend. |
| Stochastics (14,3) | 73.52 | NEUTRAL | The Stochastics value for TRGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.54 | 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)
NYSE:TRGP (6/12/2025, 12:39:07 PM)
168.365
-1.41 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.83%
1 Week5.66%
2 Weeks6.55%
1 Month0.17%
3 Month-10.78%
6 Month-8.04%
12 Month42.67%
2 Year123.1%
3 Year184.53%
5 Year745.94%
10 Year90.29%
15 YearN/A
Volatility
ATR(14)4.34
ATR(20)%2.39%
ATR Inc-1.96%
Range Today2.68
ADR(20)3.76
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.66
Mansfield-0.45
10 Day High170.04
10 Day Low155.45
20 Day High170.04
20 Day Low155.45
52 Week High218.51
52 Week Low119
CS1 End163.33
CR1 Start169.79
Volume & EV
DER(3)-0.68%
DER(5)-0.72%
Volume511.29K
Volume Incr-7.36%
Vol(5)1.87M
Vol(50)2.43M