US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

12 hoursBearish62%
12h Downside probability 62%Bearish

TRGP 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

12h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $289.58 and stabilize above resistance $306.63.

Invalidation Trigger

Break above $306.63 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

12h
Momentum StateBearish
Momentum soft

RSI 45.0, MACD -1.655

12h
Volatility EnvironmentRange
Low volatility

ATR is $5.28 (1.85%)

12h

EMA Structure

Range
EMA 8$288.9Bearish
EMA 21$289.58Bearish
EMA 50$284.69Bullish

Signals

CategoryReadStrength
Momentum
RSI 45.0 · MACD -1.655

Momentum is weak

Strength
Bearish
Volatility
ATR $5.28 · BB 4.90%

Low volatility

Strength
Range
Volume
MFI 21.0 · OBV -17.13%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$265 - $306.63

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+9.53% · 5.1 ATR above latest close

$311.91
Nearest resistance

+7.68% · 4.1 ATR above · 34-bar high

$306.63
Current price

Price shown is delayed

$284.77
Nearest support

-6.94% · 3.7 ATR below · 34-bar low

$265
Deeper support zone

-8.8% · 4.7 ATR below latest close

$259.72
ATR zone

Latest close ± ATR14

$279.49 - $290.05

Indicators

Trend

Dow Theory Structure

Confirmation $298.09, invalidation $288.78

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

21.3 / 12.2 / 28.9Bearish
Supertrend (10,3)

Price is above Supertrend

$268.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$291.89 / $281.34Bearish
Donchian Channel (20)

20-period breakout channel position

20%Range

Volatility

ATR (14)

Low volatility

$5.28 (1.85%)Range
Bollinger Bands (20,2)

Width 4.90%

5%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$300.98 / $278.39Range
ATR channel lower / upper

Current Volatility Envelope

$279.49 / $290.05Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$306.63Range
Support

Nearest Downside Decision Level

$265Range

Momentum

RSI (14)

Momentum is weak

45.0Bearish
MACD (12,26,9)

Histogram is negative

-1.655Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.6 / 13.1Bullish
Williams %R (14)

Oversold zone

-82.4Bullish
CCI (20)

Weak expansion

-165.5Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

21.0Bearish
OBV slope

20-period OBV slope

-17.13%Bearish
Volume ratio

Relative to 20-period average volume

1.19xBullish

Trend

Dow Theory Structure

Confirmation $298.09, invalidation $288.78

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

21.3 / 12.2 / 28.9Bearish
Supertrend (10,3)

Price is above Supertrend

$268.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$291.89 / $281.34Bearish
Donchian Channel (20)

20-period breakout channel position

20%Range

Momentum

RSI (14)

Momentum is weak

45.0Bearish
MACD (12,26,9)

Histogram is negative

-1.655Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

17.6 / 13.1Bullish
Williams %R (14)

Oversold zone

-82.4Bullish
CCI (20)

Weak expansion

-165.5Bearish
TD Sequential

Setup is not extreme

buy 5Bullish

Volatility

ATR (14)

Low volatility

$5.28 (1.85%)Range
Bollinger Bands (20,2)

Width 4.90%

5%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$300.98 / $278.39Range
ATR channel lower / upper

Current Volatility Envelope

$279.49 / $290.05Range

Volume / Money Flow

MFI (14)

Money flow is weak

21.0Bearish
OBV slope

20-period OBV slope

-17.13%Bearish
Volume ratio

Relative to 20-period average volume

1.19xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$306.63Range
Support

Nearest Downside Decision Level

$265Range

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