US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

4 hoursBullish92%
4h Upside probability 92%Bullish

TRGP 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $256.02 and reclaim $289.84.

Invalidation Trigger

Lose $256.02 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

4h
Momentum StateBullish
Momentum improving

RSI 61.1, MACD 0.058

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.62 (1.28%)

4h

EMA Structure

Bullish
EMA 8$281.36Bullish
EMA 21$278.64Bullish
EMA 50$274.27Bullish

Signals

CategoryReadStrength
Momentum
RSI 61.1 · MACD 0.058

Momentum is strong

Strength
Bullish
Volatility
ATR $3.62 · BB 5.39%

Low volatility

Strength
Bullish
Volume
MFI 68.3 · OBV 2.23%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$256.02 - $289.84

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+3.73% · 2.9 ATR above latest close

$293.46
Nearest resistance

+2.45% · 1.9 ATR above · 34-bar high

$289.84
Current price

Price shown is delayed

$282.91
Nearest support

-9.51% · 7.4 ATR below · 34-bar low

$256.02
Deeper support zone

-10.79% · 8.4 ATR below latest close

$252.39
ATR zone

Latest close ± ATR14

$279.29 - $286.53

Indicators

Trend

Dow Theory Structure

Confirmation $285.56, invalidation $276.01

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

Trend strength is active

28.5 / 38.8 / 14.2Bullish
Supertrend (10,3)

Price is above Supertrend

$271.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$281.24 / $272.93Bullish
Donchian Channel (20)

20-period breakout channel position

66%Bullish

Volatility

ATR (14)

Low volatility

$3.62 (1.28%)Bullish
Bollinger Bands (20,2)

Width 5.39%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$286.66 / $271.02Bullish
ATR channel lower / upper

Current Volatility Envelope

$279.29 / $286.53Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.84Range
Support

Nearest Downside Decision Level

$256.02Range

Momentum

RSI (14)

Momentum is strong

61.1Bullish
MACD (12,26,9)

Histogram is positive

0.058Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.9 / 53.2Bearish
Williams %R (14)

Neutral zone

-50.1Range
CCI (20)

Balanced zone

90.6Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

68.3Bullish
OBV slope

20-period OBV slope

2.23%Bullish
Volume ratio

Relative to 20-period average volume

1.44xBullish

Trend

Dow Theory Structure

Confirmation $285.56, invalidation $276.01

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

Trend strength is active

28.5 / 38.8 / 14.2Bullish
Supertrend (10,3)

Price is above Supertrend

$271.18Bullish
Ichimoku Cloud

Cloud Span A / Span B

$281.24 / $272.93Bullish
Donchian Channel (20)

20-period breakout channel position

66%Bullish

Momentum

RSI (14)

Momentum is strong

61.1Bullish
MACD (12,26,9)

Histogram is positive

0.058Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

49.9 / 53.2Bearish
Williams %R (14)

Neutral zone

-50.1Range
CCI (20)

Balanced zone

90.6Range
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Low volatility

$3.62 (1.28%)Bullish
Bollinger Bands (20,2)

Width 5.39%

79%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$286.66 / $271.02Bullish
ATR channel lower / upper

Current Volatility Envelope

$279.29 / $286.53Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

68.3Bullish
OBV slope

20-period OBV slope

2.23%Bullish
Volume ratio

Relative to 20-period average volume

1.44xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$289.84Range
Support

Nearest Downside Decision Level

$256.02Range

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