TARGA RESOURCES INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	TRGP
ISIN:

TARGA RESOURCES INC. - Daily - Technical analysis published on 09/26/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

33%

22%

44%

My opinion

Bullish above 36.59 USD

My targets

40.46 USD (+1.30%)

42.32 USD (+5.96%)

My analysis

TARGA RESOURCES INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 36.59 USD. The next resistance located at 40.46 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 42.32 USD. After this resistance, buyers could then target 43.76 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

FORCE

5.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

TARGA RESOURCES INC. rating 39.94 USD. The price is lower by -1.11% since the last closing and was traded between 39.63 USD and 40.63 USD over the period. The price is currently at +0.78% from its lowest and -1.70% from its highest.

39.63

40.63

39.94

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of this Daily chart of TARGA RESOURCES INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% 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.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	32.46	34.08	36.59	39.94	40.46	42.32	43.76
Change (%)	-18.73%	-14.67%	-8.39%	-	+1.30%	+5.96%	+9.56%
Change	-7.48	-5.86	-3.35	-	+0.52	+2.38	+3.82
Level	Intermediate	Major	Intermediate	-	Major	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	38.74	39.38	39.88	40.52	41.02	41.66	42.16
Camarilla	40.08	40.18	40.29	40.39	40.50	40.60	40.70
Woodie	38.68	39.35	39.82	40.49	40.96	41.63	42.10
Fibonacci	39.38	39.81	40.08	40.52	40.95	41.22	41.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.36	38.98	40.21	41.84	43.07	44.69	45.92
Camarilla	40.66	40.92	41.18	41.44	41.70	41.96	42.23
Woodie	37.16	38.88	40.01	41.74	42.87	44.59	45.72
Fibonacci	38.98	40.07	40.75	41.84	42.93	43.60	44.69

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.78	28.89	32.51	35.62	39.23	42.34	45.96
Camarilla	34.27	34.89	35.50	36.12	36.74	37.35	37.97
Woodie	26.03	29.02	32.76	35.74	39.48	42.47	46.21
Fibonacci	28.89	31.46	33.05	35.62	38.18	39.77	42.34

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):	55.20
MACD (12,26,9):	1.2800
Directional Movement:	12.81
AROON (14):	42.86
DEMA (21):	40.89
Parabolic SAR (0,02-0,02-0,2):	43.40
Elder Ray (13):	0.10
Super Trend (3,10):	37.60
Zig ZAG (10):	39.94
VORTEX (21):	1.1000
Stochastique (14,3,5):	61.31
TEMA (21):	41.88
Williams %R (14):	-46.97
Chande Momentum Oscillator (20):	0.63
Repulse (5,40,3):	-1.3200
ROCnROLL:	-1
TRIX (15,9):	0.4800
Courbe Coppock:	26.32

MA7:	40.98
MA20:	38.94
MA50:	37.39
MA100:	38.04
MAexp7:	40.59
MAexp20:	39.31
MAexp50:	38.15
MAexp100:	38.25
Price / MA7:	-2.54%
Price / MA20:	+2.57%
Price / MA50:	+6.82%
Price / MA100:	+4.99%
Price / MAexp7:	-1.60%
Price / MAexp20:	+1.60%
Price / MAexp50:	+4.69%
Price / MAexp100:	+4.42%

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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