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 $173.57 and reclaim $307.94.

Invalidation Trigger

Lose $173.57 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateRange
Momentum mixed

RSI 60.9, MACD -0.364

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $18.93 (6.55%)

Weekly

EMA Structure

Bullish
EMA 8$279.09Bullish
EMA 21$264.18Bullish
EMA 50$235.14Bullish

Signals

CategoryReadStrength
Momentum
RSI 60.9 · MACD -0.364

Momentum is strong

Strength
Range
Volatility
ATR $18.93 · BB 23.40%

High volatility

Strength
Bearish
Volume
MFI 55.5 · OBV 2.90%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$173.57 - $307.94

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+13.12% · 2.0 ATR above latest close

$326.87
Nearest resistance

+6.57% · 1.0 ATR above · 34-bar high

$307.94
Current price

Price shown is delayed

$288.95
Nearest support

-39.93% · 6.1 ATR below · 34-bar low

$173.57
Deeper support zone

-46.48% · 7.1 ATR below latest close

$154.64
ATR zone

Latest close ± ATR14

$270.02 - $307.88

Indicators

Trend

Dow Theory Structure

Confirmation $291.04, invalidation $255.08

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

Trend strength is active

27.1 / 25.2 / 16.8Bullish
Supertrend (10,3)

Price is above Supertrend

$232.92Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.34 / $226.04Bullish
Donchian Channel (20)

20-period breakout channel position

76%Bullish

Volatility

ATR (14)

High volatility

$18.93 (6.55%)Bearish
Bollinger Bands (20,2)

Width 23.40%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$303.74 / $226.99Bearish
ATR channel lower / upper

Current Volatility Envelope

$270.02 / $307.88Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$307.94Range
Support

Nearest Downside Decision Level

$173.57Range

Momentum

RSI (14)

Momentum is strong

60.9Bullish
MACD (12,26,9)

Histogram is negative

-0.364Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.5 / 71.2Bearish
Williams %R (14)

Neutral zone

-34.5Range
CCI (20)

Strong expansion

143.6Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

55.5Bullish
OBV slope

20-period OBV slope

2.90%Bullish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Trend

Dow Theory Structure

Confirmation $291.04, invalidation $255.08

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

Trend strength is active

27.1 / 25.2 / 16.8Bullish
Supertrend (10,3)

Price is above Supertrend

$232.92Bullish
Ichimoku Cloud

Cloud Span A / Span B

$275.34 / $226.04Bullish
Donchian Channel (20)

20-period breakout channel position

76%Bullish

Momentum

RSI (14)

Momentum is strong

60.9Bullish
MACD (12,26,9)

Histogram is negative

-0.364Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

65.5 / 71.2Bearish
Williams %R (14)

Neutral zone

-34.5Range
CCI (20)

Strong expansion

143.6Bullish
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

High volatility

$18.93 (6.55%)Bearish
Bollinger Bands (20,2)

Width 23.40%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$303.74 / $226.99Bearish
ATR channel lower / upper

Current Volatility Envelope

$270.02 / $307.88Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

55.5Bullish
OBV slope

20-period OBV slope

2.90%Bullish
Volume ratio

Relative to 20-period average volume

0.68xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$307.94Range
Support

Nearest Downside Decision Level

$173.57Range

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