TARGA RESOURCES INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	TRGP
ISIN:

TARGA RESOURCES INC. - Daily - Technical analysis published on 11/29/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

50%

My opinion

Bullish above 70.07 USD

My targets

77.21 USD (+5.45%)

79.55 USD (+8.65%)

My analysis

The bullish trend is currently very strong on TARGA RESOURCES INC.. As long as the price remains above the support at 70.07 USD, you could try to benefit from the boom. The first bullish objective is located at 77.21 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 79.55 USD as an objective. Crossing it would then enable buyers to target 97.56 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

TARGA RESOURCES INC. rating 73.22 USD. The price has increased by +1.29% since the last closing and was traded between 72.27 USD and 73.46 USD over the period. The price is currently at +1.31% from its lowest and -0.33% from its highest.

72.27

73.46

73.22

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this TARGA RESOURCES INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	68.13	70.07	72.32	73.22	74.19	77.21	79.55
Change (%)	-6.95%	-4.30%	-1.23%	-	+1.32%	+5.45%	+8.65%
Change	-5.09	-3.15	-0.90	-	+0.97	+3.99	+6.33
Level	Intermediate	Major	Major	-	Intermediate	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.81	69.85	71.07	72.11	73.33	74.37	75.59
Camarilla	71.67	71.88	72.08	72.29	72.50	72.70	72.91
Woodie	68.90	69.90	71.16	72.16	73.42	74.42	75.68
Fibonacci	69.85	70.71	71.25	72.11	72.97	73.51	74.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.47	65.87	69.60	72.00	75.73	78.13	81.86
Camarilla	71.64	72.21	72.77	73.33	73.89	74.45	75.02
Woodie	64.14	66.20	70.27	72.33	76.40	78.46	82.53
Fibonacci	65.87	68.21	69.66	72.00	74.34	75.79	78.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.11	59.53	63.95	66.37	70.79	73.21	77.63
Camarilla	66.49	67.12	67.74	68.37	69.00	69.62	70.25
Woodie	58.11	60.03	64.95	66.87	71.79	73.71	78.63
Fibonacci	59.53	62.14	63.76	66.37	68.98	70.60	73.21

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.83
MACD (12,26,9):	1.5000
Directional Movement:	5.03
AROON (14):	28.57
DEMA (21):	73.39
Parabolic SAR (0,02-0,02-0,2):	68.63
Elder Ray (13):	0.71
Super Trend (3,10):	65.73
Zig ZAG (10):	73.24
VORTEX (21):	1.0300
Stochastique (14,3,5):	76.05
TEMA (21):	73.87
Williams %R (14):	-19.42
Chande Momentum Oscillator (20):	1.64
Repulse (5,40,3):	2.5800
ROCnROLL:	1
TRIX (15,9):	0.3400
Courbe Coppock:	7.35

MA7:	72.74
MA20:	71.50
MA50:	67.34
MA100:	66.95
MAexp7:	72.74
MAexp20:	71.37
MAexp50:	69.20
MAexp100:	67.74
Price / MA7:	+0.66%
Price / MA20:	+2.41%
Price / MA50:	+8.73%
Price / MA100:	+9.37%
Price / MAexp7:	+0.66%
Price / MAexp20:	+2.59%
Price / MAexp50:	+5.81%
Price / MAexp100:	+8.09%

Quotes : - 15 min delayed data - NYSE Stocks

News

Don't forget to follow the news on TARGA RESOURCES INC.. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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