US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

12 hoursBullish60%
12h Upside probability 60%Bullish

TRGP 12H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

12h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Hold above $267 and reclaim $299.48.

Invalidation Trigger

Lose $267 and MACD turns lower again.

Market Context

Trend PhaseBearish
Weak Pullback

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 52.3, MACD 0.708

12h
Volatility EnvironmentRange
Medium volatility

ATR is $8.61 (3.01%)

12h

EMA Structure

Bearish
EMA 8$282.1Bullish
EMA 21$282.89Bullish
EMA 50$283.03Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.3 · MACD 0.708

Neutral zone

Strength
Bullish
Volatility
ATR $8.61 · BB 8.38%

Medium volatility

Strength
Range
Volume
MFI 58.3 · OBV 9.81%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$267 - $299.48

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+7.83% · 2.6 ATR above latest close

$308.09
Nearest resistance

+4.82% · 1.6 ATR above · 34-bar high

$299.48
Current price

Price shown is delayed

$285.72
Nearest support

-6.55% · 2.2 ATR below · 34-bar low

$267
Deeper support zone

-9.57% · 3.2 ATR below latest close

$258.39
ATR zone

Latest close ± ATR14

$277.11 - $294.33

Indicators

Trend

Dow Theory Structure

Confirmation $267, invalidation $295.8

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

Trend strength is active

36.7 / 20.3 / 26.3Bearish
Supertrend (10,3)

Price is above Supertrend

$268.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$280.12 / $282.66Bullish
Donchian Channel (20)

20-period breakout channel position

65%Range

Volatility

ATR (14)

Medium volatility

$8.61 (3.01%)Range
Bollinger Bands (20,2)

Width 8.38%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$294.65 / $270.91Range
ATR channel lower / upper

Current Volatility Envelope

$277.11 / $294.33Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$299.48Range
Support

Nearest Downside Decision Level

$267Range

Momentum

RSI (14)

Neutral zone

52.3Range
MACD (12,26,9)

Histogram is positive

0.708Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.0 / 62.2Bullish
Williams %R (14)

Neutral zone

-35.0Range
CCI (20)

Balanced zone

53.7Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

58.3Bullish
OBV slope

20-period OBV slope

9.81%Bullish
Volume ratio

Relative to 20-period average volume

1.02xRange

Trend

Dow Theory Structure

Confirmation $267, invalidation $295.8

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

Trend strength is active

36.7 / 20.3 / 26.3Bearish
Supertrend (10,3)

Price is above Supertrend

$268.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$280.12 / $282.66Bullish
Donchian Channel (20)

20-period breakout channel position

65%Range

Momentum

RSI (14)

Neutral zone

52.3Range
MACD (12,26,9)

Histogram is positive

0.708Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.0 / 62.2Bullish
Williams %R (14)

Neutral zone

-35.0Range
CCI (20)

Balanced zone

53.7Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$8.61 (3.01%)Range
Bollinger Bands (20,2)

Width 8.38%

65%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$294.65 / $270.91Range
ATR channel lower / upper

Current Volatility Envelope

$277.11 / $294.33Range

Volume / Money Flow

MFI (14)

Money flow is strong

58.3Bullish
OBV slope

20-period OBV slope

9.81%Bullish
Volume ratio

Relative to 20-period average volume

1.02xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$299.48Range
Support

Nearest Downside Decision Level

$267Range

Related Forecasts