US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

1 weekBullish92%
Weekly Upside probability 92%Bullish

TRGP 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $167.12 and reclaim $285.56.

Invalidation Trigger

Lose $167.12 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 64.8, MACD -0.423

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $17.78 (6.28%)

Weekly

EMA Structure

Bullish
EMA 8$268.62Bullish
EMA 21$252.02Bullish
EMA 50$223.18Bullish

Signals

CategoryReadStrength
Momentum
RSI 64.8 · MACD -0.423

Momentum is strong

Strength
Bullish
Volatility
ATR $17.78 · BB 23.06%

High volatility

Strength
Bearish
Volume
MFI 62.1 · OBV 1.74%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$167.12 - $285.56

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+7.22% · 1.1 ATR above latest close

$303.34
Nearest resistance

+0.94% · 0.1 ATR above · 34-bar high

$285.56
Current price

Price shown is delayed

$282.91
Nearest support

-40.93% · 6.5 ATR below · 34-bar low

$167.12
Deeper support zone

-47.21% · 7.5 ATR below latest close

$149.34
ATR zone

Latest close ± ATR14

$265.13 - $300.69

Indicators

Trend

Dow Theory Structure

Confirmation $280, invalidation $253.82

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

Trend strength is active

45.8 / 25.3 / 10.5Bullish
Supertrend (10,3)

Price is above Supertrend

$225.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$252.18 / $214.85Bullish
Donchian Channel (20)

20-period breakout channel position

95%Bullish

Volatility

ATR (14)

High volatility

$17.78 (6.28%)Bearish
Bollinger Bands (20,2)

Width 23.06%

96%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$289.82 / $216.81Bearish
ATR channel lower / upper

Current Volatility Envelope

$265.13 / $300.69Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$285.56Range
Support

Nearest Downside Decision Level

$167.12Range

Momentum

RSI (14)

Momentum is strong

64.8Bullish
MACD (12,26,9)

Histogram is negative

-0.423Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

95.2 / 79.7Bullish
Williams %R (14)

Overbought zone

-4.8Bearish
CCI (20)

Strong expansion

140.2Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.1Bullish
OBV slope

20-period OBV slope

1.74%Bullish
Volume ratio

Relative to 20-period average volume

0.83xBearish

Trend

Dow Theory Structure

Confirmation $280, invalidation $253.82

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

Trend strength is active

45.8 / 25.3 / 10.5Bullish
Supertrend (10,3)

Price is above Supertrend

$225.64Bullish
Ichimoku Cloud

Cloud Span A / Span B

$252.18 / $214.85Bullish
Donchian Channel (20)

20-period breakout channel position

95%Bullish

Momentum

RSI (14)

Momentum is strong

64.8Bullish
MACD (12,26,9)

Histogram is negative

-0.423Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

95.2 / 79.7Bullish
Williams %R (14)

Overbought zone

-4.8Bearish
CCI (20)

Strong expansion

140.2Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$17.78 (6.28%)Bearish
Bollinger Bands (20,2)

Width 23.06%

96%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$289.82 / $216.81Bearish
ATR channel lower / upper

Current Volatility Envelope

$265.13 / $300.69Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

62.1Bullish
OBV slope

20-period OBV slope

1.74%Bullish
Volume ratio

Relative to 20-period average volume

0.83xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$285.56Range
Support

Nearest Downside Decision Level

$167.12Range

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