Technical Analysis for TRGP - Targa Resources, Inc.

Grade Last Price % Change Price Change
grade C 44.85 -5.08% -2.40
TRGP closed down 5.08 percent on Tuesday, November 20, 2018, on 1.91 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical TRGP trend table...

Date Alert Name Type % Chg
Nov 20 Below Lower BB Weakness 0.00%
Nov 20 Gapped Down Weakness 0.00%
Nov 20 Lower Bollinger Band Touch Weakness 0.00%
Nov 20 Oversold Stochastic Weakness 0.00%
Nov 19 NR7 Range Contraction -5.08%
Nov 19 NR7-2 Range Contraction -5.08%
Nov 19 Oversold Stochastic Weakness -5.08%
Nov 16 New Downtrend Bearish -5.58%
Nov 16 Slingshot Bearish Bearish Swing Setup -5.58%
Nov 16 NR7 Range Contraction -5.58%

Older signals for TRGP ...

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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.
Is TRGP a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 59.21
52 Week Low 40.3489
Average Volume 2,042,371
200-Day Moving Average 50.1983
50-Day Moving Average 53.8088
20-Day Moving Average 50.1075
10-Day Moving Average 48.656
Average True Range 1.8356
ADX 26.44
+DI 14.5536
-DI 35.3453
Chandelier Exit (Long, 3 ATRs ) 51.3132
Chandelier Exit (Short, 3 ATRs ) 50.0068
Upper Bollinger Band 54.7374
Lower Bollinger Band 45.4776
Percent B (%b) -0.07
BandWidth 18.479868
MACD Line -2.1562
MACD Signal Line -1.6933
MACD Histogram -0.4629
Fundamentals Value
Market Cap 9.67 Billion
Num Shares 216 Million
EPS -1.82
Price-to-Earnings (P/E) Ratio -24.64
Price-to-Sales 1.15
Price-to-Book 1.36
PEG Ratio -5.57
Dividend 3.64
Dividend Yield 8.12%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 48.48
Resistance 3 (R3) 48.77 47.84 47.88
Resistance 2 (R2) 47.84 46.92 47.70 47.67
Resistance 1 (R1) 46.35 46.35 45.89 46.06 47.47
Pivot Point 45.42 45.42 45.19 45.28 45.42
Support 1 (S1) 43.93 44.50 43.47 43.64 42.23
Support 2 (S2) 43.00 43.93 42.86 42.03
Support 3 (S3) 41.51 43.00 41.83
Support 4 (S4) 41.22