US stock / ETF

Targa Resources Corp.

TRGP · NYSE · USD

4 hoursBearish74%
4h Downside probability 74%Bearish

TRGP 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Recover $288.49 and stabilize above resistance $298.09.

Invalidation Trigger

Break above $298.09 with RSI back above 50.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 39.6, MACD -0.708

4h
Volatility EnvironmentBullish
Low volatility

ATR is $3.33 (1.17%)

4h

EMA Structure

Bearish
EMA 8$285.82Bearish
EMA 21$288.49Bearish
EMA 50$289.29Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.6 · MACD -0.708

Momentum is weak

Strength
Bearish
Volatility
ATR $3.33 · BB 4.98%

Low volatility

Strength
Bullish
Volume
MFI 47.3 · OBV -6.64%

Relative to 20-period average volume

Strength
Range
Price Levels
$281.63 - $298.09

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+5.85% · 5.0 ATR above latest close

$301.42
Nearest resistance

+4.68% · 4.0 ATR above · 34-bar high

$298.09
Current price

Price shown is delayed

$284.77
Nearest support

-1.1% · 0.9 ATR below · 34-bar low

$281.63
Deeper support zone

-2.27% · 1.9 ATR below latest close

$278.3
ATR zone

Latest close ± ATR14

$281.44 - $288.1

Indicators

Trend

Dow Theory Structure

Confirmation $286, invalidation $294.53

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

11.8 / 11.8 / 24.7Bearish
Supertrend (10,3)

Price is above Supertrend

$274.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.97 / $290.34Bearish
Donchian Channel (20)

20-period breakout channel position

19%Bearish

Volatility

ATR (14)

Low volatility

$3.33 (1.17%)Bullish
Bollinger Bands (20,2)

Width 4.98%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$295.16 / $281.55Bullish
ATR channel lower / upper

Current Volatility Envelope

$281.44 / $288.1Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$298.09Range
Support

Nearest Downside Decision Level

$281.63Range

Momentum

RSI (14)

Momentum is weak

39.6Bearish
MACD (12,26,9)

Histogram is negative

-0.708Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

24.1 / 14.4Bullish
Williams %R (14)

Neutral zone

-75.9Range
CCI (20)

Weak expansion

-115.6Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.3Range
OBV slope

20-period OBV slope

-6.64%Bearish
Volume ratio

Relative to 20-period average volume

1.74xBullish

Trend

Dow Theory Structure

Confirmation $286, invalidation $294.53

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is moderate

11.8 / 11.8 / 24.7Bearish
Supertrend (10,3)

Price is above Supertrend

$274.55Bullish
Ichimoku Cloud

Cloud Span A / Span B

$288.97 / $290.34Bearish
Donchian Channel (20)

20-period breakout channel position

19%Bearish

Momentum

RSI (14)

Momentum is weak

39.6Bearish
MACD (12,26,9)

Histogram is negative

-0.708Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

24.1 / 14.4Bullish
Williams %R (14)

Neutral zone

-75.9Range
CCI (20)

Weak expansion

-115.6Bearish
TD Sequential

Exhaustion setup is near completion

buy 13Bullish

Volatility

ATR (14)

Low volatility

$3.33 (1.17%)Bullish
Bollinger Bands (20,2)

Width 4.98%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$295.16 / $281.55Bullish
ATR channel lower / upper

Current Volatility Envelope

$281.44 / $288.1Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

47.3Range
OBV slope

20-period OBV slope

-6.64%Bearish
Volume ratio

Relative to 20-period average volume

1.74xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$298.09Range
Support

Nearest Downside Decision Level

$281.63Range

Related Forecasts