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(TRGP) Targa Resources complete technical analysis [charts+indicators] | Buy/Sell Targa Resources | (TRGP) share price targets

Complete technical analysis of Targa Resources (TRGP) by charts plus indicators, forecast predictions and share price targets for Targa Resources (TRGP)

Targa Resources trades in USA in Public Utilities sector.

Showing technical analysis as on 2024-01-18 View latest technical analysis

10 day averaged volume of Targa Resources is 1458230

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	82.59	81.35	83.01	81.03	1.625 times
17 Wed Jan 2024	81.49	81.76	82.87	81.43	0.948 times
16 Tue Jan 2024	82.53	83.37	83.48	82.19	0.951 times
12 Fri Jan 2024	83.82	84.83	84.93	83.12	0.624 times
12 Fri Jan 2024	83.82	84.83	84.93	83.12	0.624 times
11 Thu Jan 2024	83.23	83.94	84.36	82.37	0.985 times
10 Wed Jan 2024	83.81	83.97	83.97	82.80	0.985 times
09 Tue Jan 2024	83.60	84.22	84.29	82.81	1.327 times
08 Mon Jan 2024	84.35	84.30	84.47	81.95	1.642 times
05 Fri Jan 2024	85.79	86.67	86.83	85.25	1.013 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 83.3, but if it comes above 83.3, then a intra day buy could be more profitable.
If you take a sell trade below 83.3, then use 83.3 as stoploss and 81 as target. However if you take a buy trade in stock , then use 83.3 as stoploss and 85.2 as target.

Share price targets for Targa Resources (TRGP)

Target Type	Value
Downside Target	77.97
Downside Target	81.03
Upside Target	85.25
Upside Target	86.08
Upside Target	86.95
Upside Target	88.01
Upside Target	88.78
Upside Target	89.16
Upside Target	90.73
Upside Target	91.44

Intraday share price targets for Targa Resources (TRGP)

Target Type	Value
Downside Intraday Target	81.25
Downside Intraday Target	79.92
Upside Intraday Target	83.7
Upside Intraday Target	84.82
Downside Intraday Target	82.37

Weekly technical analysis of Targa Resources (TRGP)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	82.59	83.37	83.48	81.03	5.65 times
12 Fri Jan 2024	83.82	84.83	84.93	83.12	0.112 times
12 Fri Jan 2024	83.82	84.30	84.93	81.95	1.427 times
05 Fri Jan 2024	85.79	87.30	89.16	85.25	4.525 times
29 Fri Dec 2023	86.87	86.47	86.95	86.08	0.356 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Targa Resources (TRGP)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	82.59	87.30	89.16	81.03	0.676 times
29 Fri Dec 2023	86.87	90.16	91.44	83.26	0.694 times
30 Thu Nov 2023	90.45	84.56	90.73	82.97	1.191 times
31 Tue Oct 2023	83.61	85.52	88.78	77.97	1.072 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Targa Resources (TRGP)

Price action analysis of Targa Resources ( (TRGP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Targa Resources ( (TRGP) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Targa Resources ( (TRGP) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Targa Resources stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Targa Resources in short term and the sell signal is strong.

Targa Resources Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Targa Resources in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Targa Resources is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 83.5 and Targa Resources (TRGP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Targa Resources (TRGP) stock. Volume based technical analysis of Targa Resources (TRGP) stock is negative.

Targa Resources Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.