Targa Resources Partners Technical Analysis (NYSE:NGLS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Targa Resources Partners stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NGLS stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Targa Resources Partners. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Targa Resources Partners stock analysis.
Targa Resources Partners Moving Average
Moving averages show the NGLS stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $12.31 is above the last closing price of $10.65 and the 50 day moving average of $14.14 is above the last closing price of $10.65. The 10 and 20 day periods can predict short term moving average trends.
Targa Resources Partners Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Targa Resources Partners. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $10.65 is in the lower range of Targa Resources Partners bollinger bands.
Targa Resources Partners Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Targa Resources Partners MACD line is below the signal line.
Targa Resources Partners Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of NGLS stock is 33.81.