TRGP Technical Analysis & Stock Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

Targa Resources Corp (TRGP) Moving Averages Convergence Divergence (MACD) indicator is 3.672, suggesting TRGP is Strong Buy.

Targa Resources Corp (TRGP) 20-Day simple moving average is 244.913, while Targa Resources Corp (TRGP) share price is $248.12, making it Buy.

Targa Resources Corp (TRGP) 60-Day simple moving average is 240.55, while Targa Resources Corp (TRGP) share price is $248.12, making it Buy.

Technical Analysis for TRGP

Technical Sentiment Analysis for Targa Resources Corp (TRGP) As of 2026-05-08, Targa Resources Corp (TRGP) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 7 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRGP stands at 52.06, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 3.672, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 62.211 and the Commodity Channel Index (CCI) at 48.334 further confirm a 7.43 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, TRGP is trading above its 60-day moving average of $240.55 and above its 200-day long-term moving average of $192.848. Key price levels to watch include the immediate resistance at $262.831 and strong support at $240.871. A break above $262.831 could signal a bull continuation, while falling below $240.871 may test the next Fibonacci floor at $229.451.

Targa Resources Corp (TRGP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	218.911	229.451	240.871	251.411	262.831	273.371	284.791
Fibonacci	229.451	237.839	243.022	251.411	259.799	264.982	273.371

Targa Resources Corp (TRGP) Technical Indicators

2026-05-08

Name	Value
RSI_14	52.06
STOCHk_14_3_3	62.211
STOCHd_14_3_3	73.166
CCI_20	48.334
AO_5_34	8.001
MOM_10	7.43
MACD_12_26_9	3.672

Targa Resources Corp (TRGP) Relative Strength Index (RSI) is 52.06, creating a Neutral signal.

Targa Resources Corp (TRGP) Stochastic Oscillator is 62.211, creating a Neutral signal.

Targa Resources Corp (TRGP) Stochastic RSI is 73.166, creating a Neutral signal.

Targa Resources Corp (TRGP) Commodity Channel Index (CCI) is 48.334, creating a Neutral signal.

Targa Resources Corp (TRGP) Awesome Oscillator is 8.001, creating a Buy signal.

Targa Resources Corp (TRGP) Momentum is 7.43, creating a Buy signal.

Targa Resources Corp (TRGP) MACD is 3.672, creating a Buy signal.

Targa Resources Corp (TRGP) Moving Average

2026-05-08

Period	Simple	Signal
MA_5	253.752	Sell
MA_10	252.292	Sell
MA_20	244.913	Buy
MA_60	240.55	Buy
MA_200	192.848	Buy
MA_250	187.738	Buy

Targa Resources Corp (TRGP) 5-Day simple moving average is 253.752, while Targa Resources Corp (TRGP) share price is $248.12, making it a Sell.

Targa Resources Corp (TRGP) 10-Day simple moving average is 252.292, while Targa Resources Corp (TRGP) share price is $248.12, making it a Sell.

Targa Resources Corp (TRGP) 20-Day simple moving average is 244.913, while Targa Resources Corp (TRGP) share price is $248.12, making it a Buy.

Targa Resources Corp (TRGP) 60-Day simple moving average is 240.55, while Targa Resources Corp (TRGP) share price is $248.12, making it a Buy.

Targa Resources Corp (TRGP) 200-Day simple moving average is 192.848, while Targa Resources Corp (TRGP) share price is $248.12, making it a Buy.

Targa Resources Corp (TRGP) 250-Day simple moving average is 187.738, while Targa Resources Corp (TRGP) share price is $248.12, making it a Buy.

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Frequently Asked Questions

What is the current technical consensus for TRGP?

The overall technical consensus for Targa Resources Corp (TRGP) is currently Strong Buy. This rating is derived from a combined analysis of moving averages and oscillators, currently showing 3 buy signals and 1 sell signals.

What are the key support and resistance levels for Targa Resources Corp (TRGP) today?

Based on pivot point calculations, Targa Resources Corp (TRGP) has an immediate support level at 240.871 and a major resistance level at 262.831. Traders also monitor the pivot point at 251.411 to determine the intraday trend direction.

Is Targa Resources Corp (TRGP) overbought or oversold based on the RSI?

The Relative Strength Index (RSI) for Targa Resources Corp (TRGP) is currently 52.06. This indicates that the stock is in neutral territory (typically, a value below 30 is oversold and above 70 is overbought).

What signal is the MACD providing for Targa Resources Corp (TRGP)?

Targa Resources Corp (TRGP) Moving Averages Convergence Divergence (MACD) indicator is 3.672, suggesting TRGP is Strong Buy. This indicator helps identify potential trend reversals or momentum shifts for Targa Resources Corp.

How is Targa Resources Corp (TRGP) performing relative to its 200-day moving average?

Targa Resources Corp (TRGP) is currently trading at $248.12, which is above its 200-day simple moving average of 192.848. Trading above the 200-day MA is often used by investors to determine the long-term bullish or bearish trend.