TARGA RESOURCES CORP (TRGP) Stock Technical Analysis
USA - NYSE:TRGP - US87612G1013 - Common Stock
148.67 USD
+2.37 (+1.62%)
148.67 USD
0 (0%)
Overall TRGP gets a technical rating of 0 out of 10. TRGP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, TRGP is a bad performer in the overall market: 81% of all stocks are doing better.
TRGP is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, of which 62% are performing better than TRGP.
TRGP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month TRGP has a been trading in the 144.14 - 175.78 range, which is quite wide. It is currently trading near the lows of this range.
TRGP has an average volume of 1492610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of TRGP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
147.18
176.56
3 important resistance areas can be observed.
- A resistance zone ranging from 162.13 to 163.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 168.50 to 170.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 174.81 to 174.81. 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 | 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 | 19.78 | NEGATIVE | TRGP has a low relative strength, it was outperformed by 80.22% off all stocks 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) | DOWN | NEGATIVE | The current price of TRGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.02 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.01 | NEGATIVE | The MACD value suggests TRGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.31 | OVERSOLD | The low Stochastics value suggests TRGP may be oversold. |
| Average True Range in percent/ATR (20) | 3.77 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.23 | 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)
148.67
+2.37 (+1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.62%
1 Week-2.45%
2 Weeks-8.4%
1 Month-9.58%
3 Month-13.11%
6 Month-14.84%
12 Month-8.65%
2 Year77.81%
3 Year117.45%
5 Year826.29%
10 Year160.14%
15 YearN/A
Volatility
ATR(14)5.72
ATR(20)%3.77%
ATR Inc-0.02%
Range Today4.55
ADR(20)5.47
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.78
Mansfield-2.46
10 Day High169.53
10 Day Low144.14
20 Day High175.78
20 Day Low144.14
52 Week High218.51
52 Week Low144.14
CS1 EndN/A
CR1 Start162.13
Volume & EV
DER(3)-1.74%
DER(5)-0.95%
Volume1.79M
Volume Incr-5.1%
Vol(5)1.53M
Vol(50)1.49M