US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

1 hourBearish75%
1h Downside probability 75%Bearish

TRGP 1H chart

EMA21EMA50Bollinger
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Market View

Market Shift

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

Confirmation Trigger

Recover $286.75 and stabilize above resistance $294.67.

Invalidation Trigger

Break above $294.67 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 43.0, MACD -0.047

1h
Volatility EnvironmentBullish
Low volatility

ATR is $2.13 (0.75%)

1h

EMA Structure

Bearish
EMA 8$285.36Bearish
EMA 21$286.75Bearish
EMA 50$288.84Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.0 · MACD -0.047

Momentum is weak

Strength
Bearish
Volatility
ATR $2.13 · BB 2.32%

Low volatility

Strength
Bullish
Volume
MFI 78.6 · OBV 26.88%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$281.63 - $294.67

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+4.22% · 5.7 ATR above latest close

$296.79
Nearest resistance

+3.47% · 4.7 ATR above · 34-bar high

$294.67
Current price

Price shown is delayed

$284.77
Nearest support

-1.1% · 1.5 ATR below · 34-bar low

$281.63
Deeper support zone

-1.85% · 2.5 ATR below latest close

$279.5
ATR zone

Latest close ± ATR14

$282.64 - $286.9

Indicators

Trend

Dow Theory Structure

Confirmation $288.59, invalidation $283.62

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

Trend strength is active

31.9 / 11.8 / 40.4Bearish
Supertrend (10,3)

Price is above Supertrend

$277.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$286.6 / $289.86Bearish
Donchian Channel (20)

20-period breakout channel position

41%Bearish

Volatility

ATR (14)

Low volatility

$2.13 (0.75%)Bullish
Bollinger Bands (20,2)

Width 2.32%

25%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$291.4 / $281.89Bullish
ATR channel lower / upper

Current Volatility Envelope

$282.64 / $286.9Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$294.67Range
Support

Nearest Downside Decision Level

$281.63Range

Momentum

RSI (14)

Momentum is weak

43.0Bearish
MACD (12,26,9)

Histogram is negative

-0.047Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

45.1 / 37.2Bullish
Williams %R (14)

Neutral zone

-54.9Range
CCI (20)

Weak expansion

-103.3Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

78.6Bullish
OBV slope

20-period OBV slope

26.88%Bullish
Volume ratio

Relative to 20-period average volume

4.46xBullish

Trend

Dow Theory Structure

Confirmation $288.59, invalidation $283.62

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

Trend strength is active

31.9 / 11.8 / 40.4Bearish
Supertrend (10,3)

Price is above Supertrend

$277.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$286.6 / $289.86Bearish
Donchian Channel (20)

20-period breakout channel position

41%Bearish

Momentum

RSI (14)

Momentum is weak

43.0Bearish
MACD (12,26,9)

Histogram is negative

-0.047Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

45.1 / 37.2Bullish
Williams %R (14)

Neutral zone

-54.9Range
CCI (20)

Weak expansion

-103.3Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$2.13 (0.75%)Bullish
Bollinger Bands (20,2)

Width 2.32%

25%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$291.4 / $281.89Bullish
ATR channel lower / upper

Current Volatility Envelope

$282.64 / $286.9Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

78.6Bullish
OBV slope

20-period OBV slope

26.88%Bullish
Volume ratio

Relative to 20-period average volume

4.46xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$294.67Range
Support

Nearest Downside Decision Level

$281.63Range

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