US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

1 weekBullish91%
Weekly Upside probability 91%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 $188.9 and reclaim $307.94.

Invalidation Trigger

Lose $188.9 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateRange
Momentum mixed

RSI 58.6, MACD -0.866

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $17.5 (6.14%)

Weekly

EMA Structure

Bullish
EMA 8$283.64Bullish
EMA 21$270.07Bullish
EMA 50$241.11Bullish

Signals

CategoryReadStrength
Momentum
RSI 58.6 · MACD -0.866

Momentum is strong

Strength
Range
Volatility
ATR $17.5 · BB 19.36%

High volatility

Strength
Bearish
Volume
MFI 52.0 · OBV 2.61%

Relative to 20-period average volume

Strength
Range
Price Levels
$188.9 - $307.94

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+14.28% · 2.3 ATR above latest close

$325.44
Nearest resistance

+8.14% · 1.3 ATR above · 34-bar high

$307.94
Current price

Price shown is delayed

$284.77
Nearest support

-33.67% · 5.5 ATR below · 34-bar low

$188.9
Deeper support zone

-39.81% · 6.5 ATR below latest close

$171.4
ATR zone

Latest close ± ATR14

$267.27 - $302.27

Indicators

Trend

Dow Theory Structure

Confirmation $307.94, invalidation $255.08

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

Trend strength is active

27.9 / 25.4 / 14.4Bullish
Supertrend (10,3)

Price is above Supertrend

$237.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.34 / $226.04Bullish
Donchian Channel (20)

20-period breakout channel position

65%Bullish

Volatility

ATR (14)

High volatility

$17.5 (6.14%)Bearish
Bollinger Bands (20,2)

Width 19.36%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$304.24 / $238.16Bearish
ATR channel lower / upper

Current Volatility Envelope

$267.27 / $302.27Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$307.94Range
Support

Nearest Downside Decision Level

$188.9Range

Momentum

RSI (14)

Momentum is strong

58.6Bullish
MACD (12,26,9)

Histogram is negative

-0.866Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

57.2 / 63.8Bearish
Williams %R (14)

Neutral zone

-42.8Range
CCI (20)

Balanced zone

80.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.0Range
OBV slope

20-period OBV slope

2.61%Bullish
Volume ratio

Relative to 20-period average volume

0.47xBearish

Trend

Dow Theory Structure

Confirmation $307.94, invalidation $255.08

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

Trend strength is active

27.9 / 25.4 / 14.4Bullish
Supertrend (10,3)

Price is above Supertrend

$237.44Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.34 / $226.04Bullish
Donchian Channel (20)

20-period breakout channel position

65%Bullish

Momentum

RSI (14)

Momentum is strong

58.6Bullish
MACD (12,26,9)

Histogram is negative

-0.866Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

57.2 / 63.8Bearish
Williams %R (14)

Neutral zone

-42.8Range
CCI (20)

Balanced zone

80.1Range
TD Sequential

Setup is not extreme

buy 1Bullish

Volatility

ATR (14)

High volatility

$17.5 (6.14%)Bearish
Bollinger Bands (20,2)

Width 19.36%

71%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$304.24 / $238.16Bearish
ATR channel lower / upper

Current Volatility Envelope

$267.27 / $302.27Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.0Range
OBV slope

20-period OBV slope

2.61%Bullish
Volume ratio

Relative to 20-period average volume

0.47xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$307.94Range
Support

Nearest Downside Decision Level

$188.9Range

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