US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

12 hoursBullish90%
12h Upside probability 90%Bullish

TRGP 12H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Hold above $253.82 and reclaim $289.84.

Invalidation Trigger

Lose $253.82 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

12h
Momentum StateBullish
Momentum improving

RSI 60.5, MACD 0.966

12h
Volatility EnvironmentRange
Medium volatility

ATR is $6.84 (2.42%)

12h

EMA Structure

Bullish
EMA 8$278.66Bullish
EMA 21$273.82Bullish
EMA 50$267.51Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.5 · MACD 0.966

Momentum is strong

Strength
Bullish
Volatility
ATR $6.84 · BB 10.39%

Medium volatility

Strength
Range
Volume
MFI 42.9 · OBV -19.42%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$253.82 - $289.84

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+4.87% · 2.0 ATR above latest close

$296.68
Nearest resistance

+2.45% · 1.0 ATR above · 34-bar high

$289.84
Current price

Price shown is delayed

$282.91
Nearest support

-10.28% · 4.3 ATR below · 34-bar low

$253.82
Deeper support zone

-12.7% · 5.3 ATR below latest close

$246.97
ATR zone

Latest close ± ATR14

$276.07 - $289.75

Indicators

Trend

Dow Theory Structure

Confirmation $289.84, invalidation $276.01

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

Trend strength is moderate

19.2 / 34.7 / 25.4Bullish
Supertrend (10,3)

Price is above Supertrend

$265.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.69 / $271.01Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Volatility

ATR (14)

Medium volatility

$6.84 (2.42%)Range
Bollinger Bands (20,2)

Width 10.39%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$285.76 / $262.43Range
ATR channel lower / upper

Current Volatility Envelope

$276.07 / $289.75Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.84Range
Support

Nearest Downside Decision Level

$253.82Range

Momentum

RSI (14)

Momentum is strong

60.5Bullish
MACD (12,26,9)

Histogram is positive

0.966Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.5 / 72.2Bullish
Williams %R (14)

Neutral zone

-20.5Range
CCI (20)

Strong expansion

118.1Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

42.9Bearish
OBV slope

20-period OBV slope

-19.42%Bearish
Volume ratio

Relative to 20-period average volume

0.69xBearish

Trend

Dow Theory Structure

Confirmation $289.84, invalidation $276.01

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

Trend strength is moderate

19.2 / 34.7 / 25.4Bullish
Supertrend (10,3)

Price is above Supertrend

$265.66Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.69 / $271.01Bullish
Donchian Channel (20)

20-period breakout channel position

80%Bullish

Momentum

RSI (14)

Momentum is strong

60.5Bullish
MACD (12,26,9)

Histogram is positive

0.966Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

79.5 / 72.2Bullish
Williams %R (14)

Neutral zone

-20.5Range
CCI (20)

Strong expansion

118.1Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$6.84 (2.42%)Range
Bollinger Bands (20,2)

Width 10.39%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$285.76 / $262.43Range
ATR channel lower / upper

Current Volatility Envelope

$276.07 / $289.75Range

Volume / Money Flow

MFI (14)

Money flow is weak

42.9Bearish
OBV slope

20-period OBV slope

-19.42%Bearish
Volume ratio

Relative to 20-period average volume

0.69xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.84Range
Support

Nearest Downside Decision Level

$253.82Range

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