TARGA RESOURCES CORP (TRGP) Stock Technical Analysis
NYSE:TRGP - New York Stock Exchange, Inc. - US87612G1013 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to TRGP. In the last year, TRGP was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt 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 94% of all stocks. On top of that, TRGP also shows a nice and consistent pattern of rising prices.
TRGP is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 96% of 211 stocks in the same industry.
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 1647170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TRGP has a been trading in the 195.08 - 213.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TRGP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 195.06, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
103.74
202.36
We found 5 important support areas.
- A support zone ranging from 191.43 to 195.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @182.42 from a trend line in the daily time frame.
- Support @176.78 from a horizontal line in the weekly time frame.
- Support @171.93 from a horizontal line in the daily time frame.
- Support @104.79 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.49
Mansfield2.48
10 Day High211.87
10 Day Low195.42
20 Day High213.19
20 Day Low195.08
52 Week High218.51
52 Week Low95.88
Performance
1 Week-1.99%
2 Weeks0.69%
1 Month-5.22%
3 Month-3.35%
6 Month39.01%
12 Month106.49%
2 Year170.39%
3 Year206.5%
5 Year518.4%
10 Year101.2%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.51
RSI(14)48.15
LBB196.99
UBB210.25
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 |
|---|---|---|---|
| 204.58 | 195.41 | 9.17 (4.48%) | 22.30% |
| An entry @204.58. This is a Buy Stop order right above the 10 day moving average. | An exit @195.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.17 points, which is 4.48%. | For a 1.00% total portfolio risk, you can invest 22.30% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TRGP. Please evaluate whether better entry and exit points can be found.
- 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.
200.36
-4.34 (-2.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.12%
1 Week-1.99%
2 Weeks0.69%
1 Month-5.22%
3 Month-3.35%
6 Month39.01%
12 Month106.49%
2 Year170.39%
3 Year206.5%
5 Year518.4%
10 Year101.2%
15 YearN/A
Volatility
ATR(14)6.44
ATR(20)%3.24%
ATR Inc80.11%
Range Today6.11
ADR(20)5.92
ADR(20)%2.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.49
Mansfield2.48
10 Day High211.87
10 Day Low195.42
20 Day High213.19
20 Day Low195.08
52 Week High218.51
52 Week Low95.88
CS1 End195.06
CR1 StartN/A
Volume & EV
DER(3)-3.07%
DER(5)-1.43%
Volume2.76M
Volume Incr40.76%
Vol(5)1.99M
Vol(50)1.65M