Targa Resources Corp. technical analysis
Technical analysis of Targa Resources Corp. (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Targa Resources Corp.
Targa Resources Corp. is a United States-based company that owns and operates infrastructure for gathering, processing, and marketing natural gas, natural gas liquids (NGL), and crude oil in North America. The company operates through two main segments: gathering and processing of natural gas and NGL products, and logistics and transportation services, including storage, fractionation, and marketing activities.
Description generated automatically from public sources; it may be inaccurate or out of date.
Targa Resources Corp.: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
285.31 $
+3.56%
50 sessions
287.40 $
+2.81%
200 sessions
253.83 $
+16.41%
Session levels
s2
286.91
Support
s1
289.78
Support
pivot
292.87
Pivot
r1
295.74
Resistance
r2
298.83
Resistance
How to read it
In the October 21, 2026 session Targa Resources Corp. closed higher at 295.47 $, +0.96% versus the previous session.
The price sits above every moving average observed: +3.56% against the 21-session average, +2.81% against the 50 and +16.41% against the 200.
The 14-period RSI reads 58.2, in neutral territory.
MACD stands at 2.434 against a signal line at 1.351: the histogram is positive (+1.083).
ADX reads 10.3, indicating weak directionality.
Levels computed on the latest session place supports at 289.78 and 286.91 $ and resistances at 295.74 and 298.83 $, around a pivot of 292.87.
The average daily range (ATR) is 7.256 $, or 2.46% of price.
Turnover was 100.9K shares, 10% of the 20-session average.
Over the last twelve months the price ranged between 240.73 and 307.94 $, and today stands −4.05% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Targa Resources Corp.
How is Targa Resources Corp. analysed technically?
Technical analysis of Targa Resources Corp. is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Targa Resources Corp.?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Targa Resources Corp.?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Targa Resources Corp. it helps frame the technical structure of the historical chart and is not a forecast.
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