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 $151.8 and reclaim $279.31.

Invalidation Trigger

Lose $151.8 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 64.5, MACD -0.226

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $16.63 (6.1%)

Weekly

EMA Structure

Bullish
EMA 8$262.95Bullish
EMA 21$245.28Bullish
EMA 50$216.97Bullish

Signals

CategoryReadStrength
Momentum
RSI 64.5 · MACD -0.226

Momentum is strong

Strength
Bullish
Volatility
ATR $16.63 · BB 24.20%

High volatility

Strength
Bearish
Volume
MFI 56.5 · OBV 8.20%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$151.8 - $279.31

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+8.56% · 1.4 ATR above latest close

$295.94
Nearest resistance

+2.46% · 0.4 ATR above · 34-bar high

$279.31
Current price

Price shown is delayed

$272.6
Nearest support

-44.32% · 7.3 ATR below · 34-bar low

$151.8
Deeper support zone

-50.42% · 8.3 ATR below latest close

$135.17
ATR zone

Latest close ± ATR14

$255.97 - $289.23

Indicators

Trend

Dow Theory Structure

Confirmation $279.31, invalidation $230.48

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

Trend strength is active

52.9 / 26.9 / 14.5Bullish
Supertrend (10,3)

Price is above Supertrend

$215.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$243.13 / $211.84Bullish
Donchian Channel (20)

20-period breakout channel position

90%Bullish

Volatility

ATR (14)

High volatility

$16.63 (6.1%)Bearish
Bollinger Bands (20,2)

Width 24.20%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$281.45 / $211.79Bearish
ATR channel lower / upper

Current Volatility Envelope

$255.97 / $289.23Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$279.31Range
Support

Nearest Downside Decision Level

$151.8Range

Momentum

RSI (14)

Momentum is strong

64.5Bullish
MACD (12,26,9)

Histogram is negative

-0.226Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

86.3 / 76.8Bullish
Williams %R (14)

Overbought zone

-13.7Bearish
CCI (20)

Strong expansion

108.2Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

56.5Bullish
OBV slope

20-period OBV slope

8.20%Bullish
Volume ratio

Relative to 20-period average volume

0.84xBearish

Trend

Dow Theory Structure

Confirmation $279.31, invalidation $230.48

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

Trend strength is active

52.9 / 26.9 / 14.5Bullish
Supertrend (10,3)

Price is above Supertrend

$215.65Bullish
Ichimoku Cloud

Cloud Span A / Span B

$243.13 / $211.84Bullish
Donchian Channel (20)

20-period breakout channel position

90%Bullish

Momentum

RSI (14)

Momentum is strong

64.5Bullish
MACD (12,26,9)

Histogram is negative

-0.226Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

86.3 / 76.8Bullish
Williams %R (14)

Overbought zone

-13.7Bearish
CCI (20)

Strong expansion

108.2Bullish
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

High volatility

$16.63 (6.1%)Bearish
Bollinger Bands (20,2)

Width 24.20%

88%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$281.45 / $211.79Bearish
ATR channel lower / upper

Current Volatility Envelope

$255.97 / $289.23Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

56.5Bullish
OBV slope

20-period OBV slope

8.20%Bullish
Volume ratio

Relative to 20-period average volume

0.84xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$279.31Range
Support

Nearest Downside Decision Level

$151.8Range

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