US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

1 dayBearish59%
Daily Downside probability 59%Bearish

TRGP 1D chart

EMA21EMA50Bollinger
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Market View

Market Shift

Daily: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Recover $287.69 and stabilize above resistance $307.94.

Invalidation Trigger

Break above $307.94 with RSI back above 50.

Market Context

Trend PhaseBullish
Constructive Trend

Price is below EMA21

Daily
Momentum StateBearish
Momentum soft

RSI 47.9, MACD -1.643

Daily
Volatility EnvironmentRange
Low volatility

ATR is $5.71 (2.01%)

Daily

EMA Structure

Bullish
EMA 8$288.04Bearish
EMA 21$287.69Bearish
EMA 50$281.52Bullish

Signals

CategoryReadStrength
Momentum
RSI 47.9 · MACD -1.643

Neutral zone

Strength
Bearish
Volatility
ATR $5.71 · BB 6.19%

Low volatility

Strength
Range
Volume
MFI 31.6 · OBV -1.73%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$255.08 - $307.94

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+10.14% · 5.1 ATR above latest close

$313.65
Nearest resistance

+8.14% · 4.1 ATR above · 34-bar high

$307.94
Current price

Price shown is delayed

$284.77
Nearest support

-10.43% · 5.2 ATR below · 34-bar low

$255.08
Deeper support zone

-12.43% · 6.2 ATR below latest close

$249.37
ATR zone

Latest close ± ATR14

$279.06 - $290.48

Indicators

Trend

Dow Theory Structure

Confirmation $298.18, invalidation $287.75

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

26.5 / 18.9 / 22.0Bearish
Supertrend (10,3)

Price is above Supertrend

$266.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.2 / $281.51Bearish
Donchian Channel (20)

20-period breakout channel position

14%Range

Volatility

ATR (14)

Low volatility

$5.71 (2.01%)Range
Bollinger Bands (20,2)

Width 6.19%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$299.9 / $275.84Range
ATR channel lower / upper

Current Volatility Envelope

$279.06 / $290.48Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$307.94Range
Support

Nearest Downside Decision Level

$255.08Range

Momentum

RSI (14)

Neutral zone

47.9Range
MACD (12,26,9)

Histogram is negative

-1.643Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

20.0 / 16.2Bullish
Williams %R (14)

Neutral zone

-80.0Range
CCI (20)

Weak expansion

-140.6Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

31.6Bearish
OBV slope

20-period OBV slope

-1.73%Bearish
Volume ratio

Relative to 20-period average volume

1.30xBullish

Trend

Dow Theory Structure

Confirmation $298.18, invalidation $287.75

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is active

26.5 / 18.9 / 22.0Bearish
Supertrend (10,3)

Price is above Supertrend

$266.81Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.2 / $281.51Bearish
Donchian Channel (20)

20-period breakout channel position

14%Range

Momentum

RSI (14)

Neutral zone

47.9Range
MACD (12,26,9)

Histogram is negative

-1.643Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

20.0 / 16.2Bullish
Williams %R (14)

Neutral zone

-80.0Range
CCI (20)

Weak expansion

-140.6Bearish
TD Sequential

Setup is not extreme

buy 3Bullish

Volatility

ATR (14)

Low volatility

$5.71 (2.01%)Range
Bollinger Bands (20,2)

Width 6.19%

12%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$299.9 / $275.84Range
ATR channel lower / upper

Current Volatility Envelope

$279.06 / $290.48Range

Volume / Money Flow

MFI (14)

Money flow is weak

31.6Bearish
OBV slope

20-period OBV slope

-1.73%Bearish
Volume ratio

Relative to 20-period average volume

1.30xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$307.94Range
Support

Nearest Downside Decision Level

$255.08Range

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