TARGA RESOURCES CORP (TRGP) Technical Analysis
NYSE:TRGP • US87612G1013
Current stock price
TRGP Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to TRGP. Both in the recent history as in the last year, TRGP has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- TRGP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TRGP is performing more or less in line with the market.
- TRGP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- TRGP has an average volume of 1438850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that TRGP is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- TRGP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 61% of 207 stocks in the same industry.
TRGP Weekly and Daily overview Charts
TRGP Setup Rating and Analysis
Besides having an excellent technical rating, TRGP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 240.04, a Stop Loss order could be placed below this zone.
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TRGP Support and Resistance Analysis
167.86
4 important support areas can be observed.
- A support zone ranging from 232.46 to 240.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 197.25 to 198.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong support @174.81 from a horizontal line in the daily time frame.
- Support @169.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @244.05 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for TRGP is up. |
| ChartMill Relative Strength | 87.22 | POSITIVE | TRGP has a high relative strength, it outperformed 87.22% 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) | 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) | 68.13 | NEUTRAL | The RSI value for TRGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.29 | NEGATIVE | The MACD value suggests TRGP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.08 | NEUTRAL | The Stochastics value for TRGP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for TRGP suggests some volalility. |
| Average Directional Index/ADX (14) | 44.06 | POSITIVE | The high ADX value value for TRGP suggests a strong trend. |
TRGP Chart- and CandleStick Pattern Analysis
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 |
|---|---|---|---|
| 244.06 | 232.45 | 11.61 (4.76%) | 21.02% |
| An entry @244.06. This is a Buy Stop order right above the resistance zone. | An exit @232.45. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.61 points, which is 4.76%. | When investing 21.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
240.05
+1.89 (+0.79%)
TARGA RESOURCES CORP / TRGP TA FAQ
Can you provide the ChartMill technical rating for TARGA RESOURCES CORP?
ChartMill assigns a technical rating of 9 / 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 68.1296. 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 -1.29093, 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 240.04 and a resistance level at 244.05. Check the full technical report for our detailed analysis of TRGP support and resistance levels.