US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

1 hourBullish92%
1h Upside probability 92%Bullish

TRGP 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

1h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $256.67 and reclaim $275.21.

Invalidation Trigger

Lose $256.67 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBullish
Momentum improving

RSI 59.1, MACD -0.175

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2 (0.73%)

1h

EMA Structure

Bullish
EMA 8$272.33Bullish
EMA 21$270.31Bullish
EMA 50$267.46Bullish

Signals

CategoryReadStrength
Momentum
RSI 59.1 · MACD -0.175

Momentum is strong

Strength
Bullish
Volatility
ATR $2 · BB 6.18%

Low volatility

Strength
Bullish
Volume
MFI 45.1 · OBV 22.97%

Relative to 20-period average volume

Strength
Range
Price Levels
$256.67 - $275.21

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.57% · 2.1 ATR above latest close

$277.2
Nearest resistance

+0.83% · 1.1 ATR above · 34-bar high

$275.21
Current price

Price shown is delayed

$272.93
Nearest support

-5.96% · 8.1 ATR below · 34-bar low

$256.67
Deeper support zone

-6.69% · 9.1 ATR below latest close

$254.67
ATR zone

Latest close ± ATR14

$270.93 - $274.93

Indicators

Trend

Dow Theory Structure

Confirmation $275.21, invalidation $270.77

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

Trend strength is active

45.5 / 46.2 / 17.3Bullish
Supertrend (10,3)

Price is above Supertrend

$268.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$270.87 / $264.51Bullish
Donchian Channel (20)

20-period breakout channel position

82%Bullish

Volatility

ATR (14)

Low volatility

$2 (0.73%)Bullish
Bollinger Bands (20,2)

Width 6.18%

67%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$273.4 / $267.54Bullish
ATR channel lower / upper

Current Volatility Envelope

$270.93 / $274.93Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$275.21Range
Support

Nearest Downside Decision Level

$256.67Range

Momentum

RSI (14)

Momentum is strong

59.1Bullish
MACD (12,26,9)

Histogram is negative

-0.175Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.4 / 68.9Bullish
Williams %R (14)

Neutral zone

-24.6Range
CCI (20)

Balanced zone

47.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.1Range
OBV slope

20-period OBV slope

22.97%Bullish
Volume ratio

Relative to 20-period average volume

0.69xBearish

Trend

Dow Theory Structure

Confirmation $275.21, invalidation $270.77

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

Trend strength is active

45.5 / 46.2 / 17.3Bullish
Supertrend (10,3)

Price is above Supertrend

$268.17Bullish
Ichimoku Cloud

Cloud Span A / Span B

$270.87 / $264.51Bullish
Donchian Channel (20)

20-period breakout channel position

82%Bullish

Momentum

RSI (14)

Momentum is strong

59.1Bullish
MACD (12,26,9)

Histogram is negative

-0.175Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

75.4 / 68.9Bullish
Williams %R (14)

Neutral zone

-24.6Range
CCI (20)

Balanced zone

47.8Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$2 (0.73%)Bullish
Bollinger Bands (20,2)

Width 6.18%

67%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$273.4 / $267.54Bullish
ATR channel lower / upper

Current Volatility Envelope

$270.93 / $274.93Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.1Range
OBV slope

20-period OBV slope

22.97%Bullish
Volume ratio

Relative to 20-period average volume

0.69xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$275.21Range
Support

Nearest Downside Decision Level

$256.67Range

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