US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

1 dayBearish83%
Daily Downside probability 83%Bearish

TRGP 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $269.19 and stabilize above resistance $291.04.

Invalidation Trigger

Break above $291.04 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 39.9, MACD -2.193

Daily
Volatility EnvironmentRange
Medium volatility

ATR is $8.43 (3.28%)

Daily

EMA Structure

Range
EMA 8$264.82Bearish
EMA 21$269.19Bearish
EMA 50$267.35Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.9 · MACD -2.193

Momentum is weak

Strength
Bearish
Volatility
ATR $8.43 · BB 13.44%

Medium volatility

Strength
Range
Volume
MFI 46.2 · OBV 0.76%

Relative to 20-period average volume

Strength
Range
Price Levels
$256.02 - $291.04

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+16.58% · 5.1 ATR above latest close

$299.47
Nearest resistance

+13.3% · 4.1 ATR above · 34-bar high

$291.04
Current price

Price shown is delayed

$256.87
Nearest support

-0.33% · 0.1 ATR below · 34-bar low

$256.02
Deeper support zone

-3.61% · 1.1 ATR below latest close

$247.58
ATR zone

Latest close ± ATR14

$248.44 - $265.3

Indicators

Trend

Dow Theory Structure

Confirmation $256.96, invalidation $270.86

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.4 / 11.1 / 40.9Bearish
Supertrend (10,3)

Price is above Supertrend

$234.87Bullish
Ichimoku Cloud

Cloud Span A / Span B

$268.5 / $272Bearish
Donchian Channel (20)

20-period breakout channel position

2%Bearish

Volatility

ATR (14)

Medium volatility

$8.43 (3.28%)Range
Bollinger Bands (20,2)

Width 13.44%

5%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$287 / $251.14Range
ATR channel lower / upper

Current Volatility Envelope

$248.44 / $265.3Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$291.04Range
Support

Nearest Downside Decision Level

$256.02Range

Momentum

RSI (14)

Momentum is weak

39.9Bearish
MACD (12,26,9)

Histogram is negative

-2.193Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

2.3 / 14.9Bearish
Williams %R (14)

Oversold zone

-97.7Bullish
CCI (20)

Weak expansion

-105.7Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

46.2Range
OBV slope

20-period OBV slope

0.76%Bullish
Volume ratio

Relative to 20-period average volume

0.64xBearish

Trend

Dow Theory Structure

Confirmation $256.96, invalidation $270.86

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

41.4 / 11.1 / 40.9Bearish
Supertrend (10,3)

Price is above Supertrend

$234.87Bullish
Ichimoku Cloud

Cloud Span A / Span B

$268.5 / $272Bearish
Donchian Channel (20)

20-period breakout channel position

2%Bearish

Momentum

RSI (14)

Momentum is weak

39.9Bearish
MACD (12,26,9)

Histogram is negative

-2.193Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

2.3 / 14.9Bearish
Williams %R (14)

Oversold zone

-97.7Bullish
CCI (20)

Weak expansion

-105.7Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Medium volatility

$8.43 (3.28%)Range
Bollinger Bands (20,2)

Width 13.44%

5%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$287 / $251.14Range
ATR channel lower / upper

Current Volatility Envelope

$248.44 / $265.3Range

Volume / Money Flow

MFI (14)

Money flow is neutral

46.2Range
OBV slope

20-period OBV slope

0.76%Bullish
Volume ratio

Relative to 20-period average volume

0.64xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$291.04Range
Support

Nearest Downside Decision Level

$256.02Range

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