Technical Analysis for TRGP - Targa Resources, Inc.

Grade Last Price % Change Price Change
C 31.04 -1.49% -0.47
TRGP closed down 1.49 percent on Friday, April 9, 2021, on 78 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical TRGP trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
50 DMA Support Bullish -1.49%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.49%
Bollinger Band Squeeze Range Contraction -1.49%
BB Squeeze Started Range Contraction -1.49%
Crossed Above 50 DMA Bullish -3.66%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -3.66%
Inside Day Range Contraction -3.66%
Older End-of-Day Signals for TRGP ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Trending on StockTwits about 4 hours ago
Down 2 % about 22 hours ago
Fell Below Previous Day's Low about 22 hours ago
Down 1% about 22 hours ago
Fell Below 50 DMA about 22 hours ago
View Earlier Intraday Alerts

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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: Natural Gas Petroleum Industry Crude Oil Petroleum Products Fuels Logistics Services Midstream Propane Transportation Services Barge Refined Petroleum Products Gas Gathering Oil Storage Petroleum Transport Natural Gas Gathering Railcar Oil Gathering Crude Oil Gathering Natural Gas Liquid Keyera Related Logistics Services Natural Gas Gathering Pipelines

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 35.27
52 Week Low 7.2
Average Volume 1,661,920
200-Day Moving Average 23.28
50-Day Moving Average 31.57
20-Day Moving Average 32.13
10-Day Moving Average 31.70
Average True Range 1.28
ADX 20.95
+DI 11.78
-DI 21.34
Chandelier Exit (Long, 3 ATRs ) 31.16
Chandelier Exit (Short, 3 ATRs ) 33.79
Upper Bollinger Band 34.10
Lower Bollinger Band 30.16
Percent B (%b) 0.22
BandWidth 12.26
MACD Line -0.14
MACD Signal Line 0.02
MACD Histogram -0.1614
Fundamentals Value
Market Cap 7.11 Billion
Num Shares 229 Million
EPS -1.32
Price-to-Earnings (P/E) Ratio -23.57
Price-to-Sales 0.71
Price-to-Book 2.01
PEG Ratio 1.32
Dividend 0.40
Dividend Yield 1.29%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.23
Resistance 3 (R3) 32.24 31.87 32.03
Resistance 2 (R2) 31.87 31.56 31.86 31.96
Resistance 1 (R1) 31.45 31.38 31.27 31.44 31.90
Pivot Point 31.08 31.08 30.98 31.07 31.08
Support 1 (S1) 30.66 30.77 30.48 30.65 30.18
Support 2 (S2) 30.29 30.59 30.28 30.12
Support 3 (S3) 29.87 30.29 30.05
Support 4 (S4) 29.86