Technical Analysis for TRGP - Targa Resources, Inc.

Grade Last Price % Change Price Change
grade F 19.61 1.29% 0.25
TRGP closed up 1.29 percent on Friday, August 7, 2020, on 76 percent of normal volume. It ran into resistance at its 50 day moving average.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Earnings Movers Other 0.00%
Multiple of Ten Bearish Other 0.00%
Fell Below 50 DMA Bearish 1.29%
Expansion Pivot Sell Setup Bearish Swing Setup 1.29%
Upper Bollinger Band Walk Strength 1.29%
Earnings Movers Other 1.29%
Multiple of Ten Bearish Other 1.29%
Upper Bollinger Band Touch Strength 1.29%
MACD Bullish Centerline Cross Bullish -2.73%

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Profile

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.
Energy Natural Gas Petroleum Industry Crude Oil Fuels Petroleum Products Midstream Transportation Services Oil Storage Petroleum Transport NGL Enterprise Products Natural Gas Liquid Keyera 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 43.465
52 Week Low 3.66
Average Volume 3,451,996
200-Day Moving Average 25.76
50-Day Moving Average 19.71
20-Day Moving Average 18.82
10-Day Moving Average 18.98
Average True Range 1.17
ADX 12.31
+DI 24.58
-DI 18.93
Chandelier Exit (Long, 3 ATRs ) 17.21
Chandelier Exit (Short, 3 ATRs ) 20.08
Upper Bollinger Band 20.27
Lower Bollinger Band 17.37
Percent B (%b) 0.77
BandWidth 15.43
MACD Line 0.14
MACD Signal Line 0.00
MACD Histogram 0.14
Fundamentals Value
Market Cap 4.23 Billion
Num Shares 216 Million
EPS -1.82
Price-to-Earnings (P/E) Ratio -10.77
Price-to-Sales 1.15
Price-to-Book 1.36
PEG Ratio -5.57
Dividend 3.64
Dividend Yield 18.56%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.07
Resistance 3 (R3) 21.04 20.54 20.82
Resistance 2 (R2) 20.54 20.17 20.55 20.74
Resistance 1 (R1) 20.07 19.94 20.31 20.10 20.66
Pivot Point 19.57 19.57 19.68 19.58 19.57
Support 1 (S1) 19.10 19.20 19.34 19.13 18.56
Support 2 (S2) 18.60 18.97 18.61 18.48
Support 3 (S3) 18.13 18.60 18.40
Support 4 (S4) 18.16