Technical Analysis for TRGP - Targa Resources, Inc.

Grade Last Price % Change Price Change
grade D 43.5 1.78% 0.76
TRGP closed up 1.78 percent on Friday, January 18, 2019, on 64 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 rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Up Up
See historical TRGP trend table...

Date Alert Name Type % Chg
Jan 18 Crossed Above 50 DMA Bullish 0.00%
Jan 18 Narrow Range Bar Range Contraction 0.00%
Jan 18 NR7 Range Contraction 0.00%
Jan 18 NR7-2 Range Contraction 0.00%
Jan 18 Wide Bands Range Expansion 0.00%
Jan 18 Overbought Stochastic Strength 0.00%
Jan 17 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 1.78%
Jan 17 MACD Bullish Centerline Cross Bullish 1.78%
Jan 17 NR7 Range Contraction 1.78%
Jan 17 Weak + Overbought Other 1.78%

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: 1 bullish, 2 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 33.55
Average Volume 2,940,511
200-Day Moving Average 49.2988
50-Day Moving Average 43.1756
20-Day Moving Average 39.544
10-Day Moving Average 42.594
Average True Range 1.569
ADX 24.83
+DI 29.1768
-DI 21.6757
Chandelier Exit (Long, 3 ATRs ) 39.513
Chandelier Exit (Short, 3 ATRs ) 38.257
Upper Bollinger Band 46.0691
Lower Bollinger Band 33.0189
Percent B (%b) 0.8
BandWidth 33.00172
MACD Line 0.2162
MACD Signal Line -0.542
MACD Histogram 0.7582
Fundamentals Value
Market Cap 9.38 Billion
Num Shares 216 Million
EPS -1.82
Price-to-Earnings (P/E) Ratio -23.90
Price-to-Sales 1.15
Price-to-Book 1.36
PEG Ratio -5.57
Dividend 3.64
Dividend Yield 8.37%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.51
Resistance 3 (R3) 44.47 44.09 44.34
Resistance 2 (R2) 44.09 43.84 44.11 44.28
Resistance 1 (R1) 43.80 43.68 43.95 43.84 44.23
Pivot Point 43.42 43.42 43.50 43.44 43.42
Support 1 (S1) 43.13 43.17 43.28 43.17 42.77
Support 2 (S2) 42.75 43.01 42.77 42.72
Support 3 (S3) 42.46 42.75 42.66
Support 4 (S4) 42.50