Targa Resources(TRGP)
Auto-detected technical analysis for TRGP · data as of Jul 22, 2026. The chart above is live; the read below updates daily.
TRGP just broke higher out of a bullish pennant — a brief, tidy pause inside a strong run. That's usually a breather before another push up.
As long as price stays above $256.0, the setup is intact — a daily close back below there is the cue to step away.
A natural first target sits near $299.4 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.
TRGP is currently forming a bullish pennant on the daily timeframe. Detected Jul 22, 2026.
New to this pattern? What a bullish pennant is and how to trade it →
Historical pattern statistics (1987-02-04 – 2026-06-30), not a prediction.
Every completed pattern trade our nightly backtest found on TRGP's daily chart, newest first — wins and losses alike.
| Pattern | Entry | Exit | Outcome | Result |
|---|---|---|---|---|
| Falling Wedge | Sep 17, 2025 @ $167.58 | Oct 9, 2025 @ $161.30 | Loss | +8.0% · -1.04R |
| Triangle | Jun 3, 2025 @ $165.61 | Oct 10, 2025 @ $152.41 | Loss | +15.5% · -1.30R |
| Falling Wedge | May 12, 2025 @ $166.63 | Oct 10, 2025 @ $152.41 | Loss | +29.0% · -1.17R |
| Rising Wedge | Sep 26, 2024 @ $151.30 | Oct 4, 2024 @ $158.02 | Loss | +13.8% · -1.05R |
| Rising Wedge | Jan 8, 2024 @ $83.58 | Feb 15, 2024 @ $93.27 | Loss | +8.9% · -1.74R |
| Rising Wedge | Dec 11, 2023 @ $85.45 | Feb 15, 2024 @ $93.27 | Loss | +11.7% · -1.31R |
| Rising Wedge | Dec 6, 2023 @ $87.21 | Feb 15, 2024 @ $93.27 | Loss | +12.6% · -1.43R |
| Triangle | May 15, 2023 @ $69.23 | Jul 11, 2023 @ $78.50 | Loss | +18.8% · -1.11R |
| Triangle | Feb 3, 2023 @ $74.09 | Feb 10, 2023 @ $76.75 | Loss | +10.6% · -1.20R |
| Triangle | Jan 25, 2023 @ $73.30 | Feb 10, 2023 @ $76.75 | Loss | +11.6% · -1.15R |
| Triangle | Jan 6, 2023 @ $73.32 | Mar 15, 2023 @ $68.15 | Loss | +10.3% · -1.31R |
| Falling Wedge | Dec 23, 2022 @ $72.31 | Mar 8, 2023 @ $76.45 | Win | +10.8% · +1.07R |
Price was turned away at a ceiling near $295.00 about 6 weeks ago and has been sliding since. On the weekly chart, the next floor below sits near $216.55 — still about 24% away.
| Date | Open | High | Low | Close |
|---|---|---|---|---|
| Jul 22, 2026 | $282.95 | $284.94 | $280.54 | $284.45 |
| Jul 21, 2026 | $285.00 | $285.08 | $277.17 | $280.22 |
| Jul 20, 2026 | $285.10 | $286.25 | $282.23 | $282.35 |
| Jul 17, 2026 | $283.57 | $285.56 | $280.76 | $282.91 |
| Jul 16, 2026 | $277.86 | $282.60 | $277.86 | $280.27 |
| Jul 15, 2026 | $281.60 | $282.70 | $275.24 | $278.16 |
| Jul 14, 2026 | $279.66 | $282.81 | $278.97 | $281.60 |
| Jul 13, 2026 | $277.18 | $281.14 | $276.77 | $279.40 |
| Jul 10, 2026 | $273.50 | $274.47 | $269.02 | $273.35 |
| Jul 9, 2026 | $276.74 | $278.36 | $272.22 | $273.02 |
Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.