TARGA RESOURCES INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	TRGP
ISIN:

TARGA RESOURCES INC. - Daily - Technical analysis published on 12/18/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

11%

50%

39%

My opinion

Bearish under 194.59 USD

My targets

175.80 USD (-2.99%)

161.04 USD (-11.14%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for TARGA RESOURCES INC. as long as the price remains well below 194.59 USD. The next bearish objective for sellers is set at 175.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 161.04 USD. In case of crossing, the next objective would be the support located at 143.39 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 175.80 USD. With this support, against the trend traders who want to buy TARGA RESOURCES INC. on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

1.6

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.

This analysis was given by gioviforex. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The TARGA RESOURCES INC. rating is 181.22 USD. On the day, this instrument lost -1.19% and was between 177.85 USD and 181.84 USD. This implies that the price is at +1.89% from its lowest and at -0.34% from its highest.

177.85

181.84

181.22

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this TARGA RESOURCES INC. chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	127.42	143.39	161.04	181.22	194.59	207.69
Change (%)	-29.69%	-20.88%	-11.14%	-	+7.38%	+14.61%
Change	-53.80	-37.83	-20.18	-	+13.37	+26.47
Level	Intermediate	Minor	Minor	-	Major	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	174.78	176.31	178.77	180.30	182.76	184.29	186.75
Camarilla	180.12	180.49	180.85	181.22	181.59	181.95	182.32
Woodie	175.24	176.54	179.23	180.53	183.22	184.52	187.21
Fibonacci	176.31	177.84	178.78	180.30	181.83	182.77	184.29

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	168.33	176.05	180.33	188.05	192.33	200.05	204.33
Camarilla	181.32	182.42	183.52	184.62	185.72	186.82	187.92
Woodie	166.62	175.19	178.62	187.19	190.62	199.19	202.62
Fibonacci	176.05	180.63	183.46	188.05	192.63	195.46	200.05

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	130.29	147.33	175.80	192.84	221.31	238.35	266.82
Camarilla	191.77	195.94	200.11	204.28	208.45	212.62	216.80
Woodie	136.02	150.19	181.53	195.70	227.04	241.21	272.55
Fibonacci	147.33	164.71	175.45	192.84	210.22	220.96	238.35

Numerical data

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

Technical indicators

Moving averages

RSI (14):	39.51
MACD (12,26,9):	-0.4300
Directional Movement:	-16.98
AROON (14):	-85.71
DEMA (21):	190.92
Parabolic SAR (0,02-0,02-0,2):	197.08
Elder Ray (13):	-8.85
Super Trend (3,10):	194.07
Zig ZAG (10):	181.22
VORTEX (21):	0.8600
Stochastique (14,3,5):	7.42
TEMA (21):	184.54
Williams %R (14):	-87.80
Chande Momentum Oscillator (20):	-23.06
Repulse (5,40,3):	-0.9900
ROCnROLL:	-1
TRIX (15,9):	0.2200
Courbe Coppock:	16.50

MA7:	184.77
MA20:	195.24
MA50:	181.89
MA100:	163.03
MAexp7:	185.64
MAexp20:	189.53
MAexp50:	181.74
MAexp100:	166.68
Price / MA7:	-1.92%
Price / MA20:	-7.18%
Price / MA50:	-0.37%
Price / MA100:	+11.16%
Price / MAexp7:	-2.38%
Price / MAexp20:	-4.38%
Price / MAexp50:	-0.29%
Price / MAexp100:	+8.72%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on TARGA RESOURCES INC. at the time of the analysis were as follows:

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

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