Technical Analysis for TRGP - Targa Resources, Inc.

Grade Last Price % Change Price Change
grade B 41.67 -3.70% -1.60
TRGP closed up 8.45 percent on Monday, September 16, 2019, on 2.15 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical 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.

Earnings due: Sep 27

*** please verify all earnings dates ***

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

Date Alert Name Type % Chg
Crossed Above 200 DMA Bullish -3.70%
Expansion Breakout Bullish Swing Setup -3.70%
Pocket Pivot Bullish Swing Setup -3.70%
Above Upper BB Strength -3.70%
Gapped Up Strength -3.70%
Overbought Stochastic Strength -3.70%
Upper Bollinger Band Touch Strength -3.70%
200 DMA Resistance Bearish 4.44%
NR7 Range Contraction 4.44%
Multiple of Ten Bearish Other 4.44%

Older signals for TRGP ...

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Basic chart:
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
Summary: Counts: 3 bullish, 0 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 32.0
Average Volume 2,365,684
200-Day Moving Average 39.9862
50-Day Moving Average 37.5686
20-Day Moving Average 36.6075
10-Day Moving Average 38.611
Average True Range 1.4405
ADX 20.55
+DI 47.0126
-DI 18.4998
Chandelier Exit (Long, 3 ATRs ) 39.1435
Chandelier Exit (Short, 3 ATRs ) 36.3215
Upper Bollinger Band 41.9774
Lower Bollinger Band 31.2376
Percent B (%b) 1.12
BandWidth 29.337704
MACD Line 1.1787
MACD Signal Line 0.3418
MACD Histogram 0.8369
Fundamentals Value
Market Cap 9.33 Billion
Num Shares 216 Million
EPS -1.82
Price-to-Earnings (P/E) Ratio -23.77
Price-to-Sales 1.15
Price-to-Book 1.36
PEG Ratio -5.57
Dividend 3.64
Dividend Yield 8.41%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 47.37
Resistance 3 (R3) 46.98 45.22 46.69
Resistance 2 (R2) 45.22 44.18 45.42 46.46
Resistance 1 (R1) 44.25 43.53 44.74 44.64 46.23
Pivot Point 42.49 42.49 42.73 42.68 42.49
Support 1 (S1) 41.51 41.44 42.00 41.90 40.31
Support 2 (S2) 39.75 40.80 39.95 40.08
Support 3 (S3) 38.78 39.75 39.85
Support 4 (S4) 39.17