Technical Analysis for TRGP - Targa Resources, Inc.

Grade Last Price % Change Price Change
B 112.31 -0.60% -0.68
TRGP closed down 0.6 percent on Friday, May 3, 2024, on approximately normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
New Downtrend Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Earnings Movers Other 0.00%
Lower Bollinger Band Touch Weakness 0.00%
20 DMA Resistance Bearish -0.60%
Earnings Movers Other -0.60%
BB Squeeze Ended Range Expansion -0.60%
Gapped Up Strength -0.60%
20 DMA Resistance Bearish -0.09%
Bollinger Band Squeeze Range Contraction -0.09%

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Profile

Targa Resources, Inc. Description

Targa Resources Corp., through its general and limited partner interests in Targa Resources Partners LP, provides midstream natural gas and natural gas liquid (NGL) services in the United States. It engages in gathering, compressing, treating, processing, and selling natural gas, as well as in storing, fractionating, treating, transporting, terminaling, and selling NGLs, NGL products, refined petroleum products, and crude oil. The company also sells propane and provides related logistics services to multi-state retailers, independent retailers, and other end-users; offers NGL balancing services; purchases and resells component NGL products; and transportation services to refineries and petrochemical companies in the Gulf Coast area. The company has approximately 1,460 miles of natural gas gathering pipelines in west Texas; 3,250 miles of natural gas gathering pipelines in Southeastern New Mexico; 1,141 miles of low pressure gathering pipelines in west Texas; 538 miles high-pressure gathering pipelines in west Texas; 2 interconnected gathering systems with 4,340 miles of pipelines in north Texas; approximately 155 miles of crude oil gathering pipelines in North Dakota; and 896 miles of gathering system pipelines covering 3,800 square miles in Southwest Louisiana. It also owns or operates 39 storage wells with a net storage capacity of approximately 64 million barrels. As of December 31, 2012, the company managed approximately 555 railcars; 82 owned and leased transport tractors; 104 company-owned tank trailers; and 20 company-owned pressurized NGL barges. Targa Resources Corp. was founded in 2005 and is based in Houston, Texas.


Classification

Sector: Energy
Industry: Oil & Gas Midstream
Keywords: S&P 500 Natural Gas Petroleum Industry Crude Oil Petroleum Products Fuel Propane Logistics Services Transportation Service Barge Midstream Refined Petroleum Products Gas Gathering Natural Gas Gathering Oil Storage Petroleum Transport Railcar Oil Gathering Crude Oil Gathering Natural Gas Gathering Pipelines Natural Gas Liquid Related Logistics Services

Is TRGP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 117.34
52 Week Low 65.7311
Average Volume 1,654,547
200-Day Moving Average 90.48
50-Day Moving Average 109.10
20-Day Moving Average 113.98
10-Day Moving Average 114.65
Average True Range 2.37
RSI (14) 49.75
ADX 42.4
+DI 19.97
-DI 23.50
Chandelier Exit (Long, 3 ATRs) 110.24
Chandelier Exit (Short, 3 ATRs) 117.19
Upper Bollinger Bands 117.37
Lower Bollinger Band 110.59
Percent B (%b) 0.25
BandWidth 5.94
MACD Line 1.30
MACD Signal Line 1.98
MACD Histogram -0.6818
Fundamentals Value
Market Cap 25.04 Billion
Num Shares 223 Million
EPS 3.81
Price-to-Earnings (P/E) Ratio 29.48
Price-to-Sales 1.20
Price-to-Book 7.75
PEG Ratio 2.31
Dividend 1.85
Dividend Yield 1.65%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 117.17
Resistance 3 (R3) 116.97 115.15 116.36
Resistance 2 (R2) 115.15 113.91 115.25 116.09
Resistance 1 (R1) 113.73 113.15 112.82 113.93 115.82
Pivot Point 111.91 111.91 111.46 112.01 111.91
Support 1 (S1) 110.49 110.67 109.58 110.69 108.80
Support 2 (S2) 108.67 109.91 108.77 108.53
Support 3 (S3) 107.25 108.67 108.26
Support 4 (S4) 107.45