Targa Resources (TRGP) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for TRGP · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$262.98last close · Aug 4, 202652-week range $144.14 – $291.04 · 9.64% below the high
Bullish Pennant · playing out now

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 Bullish Pennant Pattern

TRGP is currently forming a bullish pennant on the daily timeframe. Detected Aug 4, 2026.

DirectionBullishTarget$299.36Projected move+10.7%Breakout level$272.33

New to this pattern? What a bullish pennant is and how to trade it →

How Bullish Pennants Have Performed

Win rate
57.4%
Avg return
+0.99R
Backtested trades
2,605
TRGP win rate
50.0%

Historical pattern statistics (2006-08-15 – 2026-08-04), not a prediction.

How these backtests work →

TRGP Pattern Trade History

Every completed pattern trade our nightly backtest found on TRGP's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Falling WedgeSep 23, 2025 @ $168.05Sep 30, 2025 @ $167.54Loss-0.08R
Falling WedgeSep 12, 2025 @ $166.17Oct 10, 2025 @ $152.41Loss-1.64R
TriangleJun 5, 2025 @ $164.71Oct 10, 2025 @ $152.41Loss-1.33R
Falling WedgeMay 12, 2025 @ $166.63Oct 10, 2025 @ $152.41Loss-1.17R
Rising WedgeSep 26, 2024 @ $151.30Oct 4, 2024 @ $158.02Loss-1.05R
Rising WedgeSep 20, 2024 @ $153.99Dec 2, 2024 @ $194.54Win+3.41R
TriangleJun 10, 2024 @ $118.71Jul 24, 2024 @ $131.62Win+2.55R
Rising WedgeJan 8, 2024 @ $83.58Feb 15, 2024 @ $93.27Loss-1.74R
Rising WedgeDec 6, 2023 @ $87.21Feb 15, 2024 @ $93.27Loss-1.43R
Rising WedgeJun 29, 2023 @ $74.50Aug 16, 2023 @ $83.20Win+1.87R
Bullish PennantMay 22, 2023 @ $71.24May 31, 2023 @ $68.05Loss-1.04R
TriangleMay 15, 2023 @ $69.23Jul 11, 2023 @ $78.50Loss-1.11R

TRGP Support and Resistance Levels

A chance to go short showed up on the weekly chart about 2 weeks ago: price ran up to $264.47 — a level traders often watch as a target (161.8% of the prior move) — and has since turned back below it, the kind of rejection a short plays for.

  • What it was aiming for: a drop toward support line around $218.31 below — the first place to look for a touch and take profit.
  • What would have called it off: a weekly close back above $264.47, where the turn lower would have failed.

Nearest auto-detected support sits near $218.31, resistance near $299.74. These are chart/swing-derived levels, not formula pivots.

Resistance
$299.74$350.38$427.67$676.76
Support
$218.31$144.22$143.86

TRGP Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$260.03$264.49$256.96$262.98
Aug 3, 2026$265.50$267.43$261.87$264.60
Jul 31, 2026$268.81$270.86$264.72$270.37
Jul 30, 2026$265.24$270.20$260.65$268.34
Jul 29, 2026$266.94$269.05$264.44$264.67
Jul 28, 2026$268.06$268.07$259.85$261.65
Jul 27, 2026$276.43$281.04$267.11$267.64
Jul 24, 2026$286.01$291.04$280.92$281.33
Jul 23, 2026$286.22$289.66$284.02$285.58
Jul 22, 2026$282.95$284.94$280.54$284.45

TRGP Frequently Asked Questions

What chart pattern is TRGP forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a bullish pennant on Targa Resources (TRGP) on the daily chart, with a measured-move target of $299.36.
Is a bullish pennant bullish or bearish?
The bullish pennant detected on TRGP is a bullish pattern, projecting a measured-move target of $299.36. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a bullish pennant pattern, and what is its win rate?
Across TradingPal's backtest of the bullish pennant family (2,605 trades over 631 symbols), it resolved in the expected direction 57.4% of the time with an average of +0.99R. These are historical statistics, not a prediction.
What are the support and resistance levels for TRGP?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), TRGP's nearest support is around $218.31 and nearest resistance around $299.74.
What is the price target if TRGP's pattern breaks out?
The detected bullish pennant has a geometry-based measured-move target of $299.36 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was TRGP's closing price on Aug 4, 2026?
Targa Resources (TRGP) last closed at $262.98 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.