TARGA RESOURCES CORP (TRGP) Technical Analysis
NYSE:TRGP • US87612G1013
Current stock price
239.91 USD
+3.18 (+1.34%)
At close:
239.91 USD
0 (0%)
After Hours:
TRGP Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to TRGP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that TRGP is one of the better performing stocks in the market, outperforming 83% of all stocks.
- TRGP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRGP is lagging the market slightly.
- TRGP has an average volume of 1526920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TRGP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 55% of 209 stocks in the same industry.
- In the last month TRGP has a been trading in the 230.38 - 253.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TRGP Weekly and Daily overview Charts
TRGP Setup Rating and Analysis
TRGP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 237.83, a Stop Loss order could be placed below this zone.
More info and screens
TRGP Support and Resistance Analysis
167.86
253.50
We found 3 important support areas.
- A support zone ranging from 229.80 to 237.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 211.38 to 212.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @169.56 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 242.59 to 244.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 250.24 to 250.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
TRGP Technical Indicator Signal Analysis
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 | 83.58 | POSITIVE | TRGP has a high relative strength, it outperformed 83.58% 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) | UP | POSITIVE | The current price of TRGP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRGP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.43 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.41 | NEGATIVE | The MACD value suggests TRGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.76 | NEUTRAL | The Stochastics value for TRGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.07 | NEGATIVE | The low ADX value for TRGP suggests a weak or negative trend. |
TRGP Chart- and CandleStick Pattern Analysis
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)
TRGP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 244.05 | 230.37 | 13.68 (5.61%) | 17.84% |
| An entry @244.05. This is a Buy Stop order right above the resistance zone. | An exit @230.37. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 13.68 points, which is 5.61%. | For a 1.00% total portfolio risk, you can invest 17.84% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TRGP Technicals: Chart, Performance Metrics, Trend & Indicators
239.91
+3.18 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.34%
1 Week0.04%
2 Weeks-1.98%
1 Month-2.26%
3 Month25.28%
6 Month56.02%
12 Month35.07%
2 Year110.34%
3 Year217.63%
5 Year591.58%
10 Year492.96%
15 Year585.07%
Volatility
ATR(14)6.78
ATR(20)%2.88%
ATR Inc-33.16%
Range Today5.52
ADR(20)6.26
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.58
3 months CRS92.93
6 months CRS95.3
Mansfield1.96
10 Day High245.72
10 Day Low230.38
20 Day High253.87
20 Day Low230.38
52 Week High253.87
52 Week Low144.14
CS1 End237.83
CR1 Start242.59
Volume & EV
DER(3)1.24%
DER(5)1%
Volume864.50K
Volume Incr-6.24%
Vol(5)1.38M
Vol(50)1.53M
TARGA RESOURCES CORP / TRGP TA FAQ
Can you provide the ChartMill technical rating for TARGA RESOURCES CORP?
ChartMill assigns a technical rating of 8 / 10 to TRGP.
What is the trend direction for TRGP stock?
The current trend direction for TARGA RESOURCES CORP (TRGP) is Bullish.
What is the RSI signal for TRGP stock?
TARGA RESOURCES CORP (TRGP) has an RSI value of 51.4274. This indicates that the stock is currently neutral.
What is the short term momentum for TARGA RESOURCES CORP (TRGP) stock?
The short term momentum for TARGA RESOURCES CORP (TRGP) is neutral.