Uptrend Under Pressure 100
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 100/100 · 7 distribution days (SPY) Oct 26 Full briefing →
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TRGP · Targa Resources, Inc.

$304.68 +0.76% Oct 26 close
Detected setup Trend Only · Setup Score 98/100

Stand aside — setup invalidated

Setup score 98, but distribution days reach 5 or more — stand aside until the condition resets.

1 independent risk warning also present. Review before relying on the bullish setup.

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$TRGP

Targa Resources, Inc.

Targa Resources, Inc. is a large-cap Gas Distributors company in the Utilities sector with a market cap of $65B.

Utilities Gas Distributors stock Stage 2 · Advancing Base 1
$304.68 latest close
Market Structure
Trend structure: range
Latest event: bos (bearish)
Support 252.97–253.87 · 4 touches · moderate
Support 275.58–277.17 · 4 touches · moderate
Support 296.63–298.18 · 3 touches · moderate
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Verdict · setup score 98/100 · data Oct 26 close · latest session

Stand aside — setup invalidated

Setup score 98, but distribution days reach 5 or more — stand aside until the condition resets.

Review six verdicts Inspect chart
Recent price action · daily
$260$280$300AugSepOct$305

What would change this verdict

What needs to turn for this to become buyable — the top failing checks across the legend council:

  • Minervini 2. Revenue growth ≥ 20% YoY — +4.0% YoY
  • O'Neil M: Market in confirmed uptrend — Market phase: uptrend_under_pressure
  • O'Neil S: Volume ≥ 40% above average on breakout
  • Weinstein Volume expansion above average — Volume ratio 0.72x
  • Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
  • Dennis S2: 55-day Donchian breakout
Minority view — the council disagrees here
  • Minervini: watch Trend-template read: 9/10 pass; wait for the soft misses to improve.
  • O'Neil: watch CANSLIM read: 5/8 pass; improvement is still needed.
  • Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
66 Strong
Legend Score · rates the stock Strong (66/100) — held back by eps growth

Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.

  • Relative Strength (25%) 93
  • Trend Template (25%) 100
  • Institutional Footprint (20%) 42
  • EPS Growth (15%) 31
  • Quality (SMR-like) (15%) 33

RS rank 92: top 8% of all stocks — true leadership. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 42: neutral — no clear institutional conviction. EPS up +1% — growing, but below the 25% leadership bar. Quality 33: weak fundamentals (sales growth 30, return on equity 43, leverage 20). Updated 2026-10-27.

Earnings

Pre-earnings setup

Next earnings Thursday, October 29, 2026 Before market open Exact clock time not supplied by source

Deterministic evidence

TRGP+0.76%
Broad market · SPY+0.71%
Same completed session window ending 2026-10-26. +0.05 points vs SPY.
CatalystPending Stock reactionPositive Sector reactionUnavailable Opening surgePending Event riskEarnings-driven

Session internals Strong momentum

Rule: closed up, at or above the open, in the top third of the day's range. Judged on internals, not on the size of the move.

Vs prior close+0.76% From the open+0.76% Range position68% GapNo gap
QQQ confirmationConfirming (+1.11%) SMH confirmationConfirming (+2.74%)
Short-term conviction -1 points.
  • A sourced earnings report is still pending inside the risk window; ordinary technical conviction is reduced until it is out.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $304.68 +0.8% Oct 26 close
52W High $307.94 1.1% below high
Wks Since High 0w 9w today
Base Depth 0.0% 13.3% today
RS Rank 82 percentile of scan
SMA 50 $289.11
Avg Vol 1,194,263
Rel Vol (Oct 26) 0.72× 0.94× on up days
More stats
52W Low $150.00
Tight Wks 0
Base B1
SMA 200 $257.00
RS Line vs High +0.0%
RS Line Slope +11.2% ▲
Group Rank #4/66
ADR% 2.6%
ATR(14) $8.31 (2.7%)
Vol Pace (live) N/A
A/D Days 10A / 10D
A/D Rating C
VDU Bars 0/10 d
Power Trend 7d
Earnings in 2d
Position in 52-week range 98thpercentile of the 52-week range
$150.00low
$307.94high

TRGP Chart

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Technical Analysis Report Card

$TRGP · $304.68 · as of 2026-10-26 · multi-factor read
100
/ 100
Technicals 100/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▲ Recovering / early uptrend
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$289.11 ↑
100-day$279.39 ↑
200-day$257.00 ↑
Bullish (50 > 200)

RSI (14)

Reading63.0 · Bullish

Bullish momentum — comfortably in buyer territory.

MACD (12/26/9)

StateBullish
Histogram+1.615

Bullish — MACD above its signal line and above zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width98% · 11.8%

Near the upper band — buyers in control.

Volume · Buyer vs Seller

Up/Down vol0.94 · Neutral
Rel volume0.72×
Pocket pivots · 10d0
5d vs 50d vol103%
Heavy vol up / down0 / 0

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Support & Resistance

R · $307.9452-week high
Price · $304.68now
S · $284.00swing level
S · $277.13swing level
S · $267.00swing level

Fibonacci · Uptrend swing

23.6%$292.35
38.2%$282.70
50.0%$274.90
61.8%$267.10
78.6%$256.00

Retracement support zones measured from the recent swing low up to the high.

The verdict is free. The trade plan is Pro.
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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRS 92 (leader)
Want this read in a legend's voice? Ask a Legend about TRGP
Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts 6 methodology checks

Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (98/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.

Council consensus: 8 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini Watch A Trend-template read: 9/10 pass; wait for the soft misses to improve.

partialMonitor Trend Only for tighter volatility contraction before entry. SEPA Grade A (6/7).

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $304.68, MA150 $270.41, MA200 $257.00
1.2 150-day MA > 200-day MAMA150 $270.41 vs MA200 $257.00
Failing evidence
2. Revenue growth ≥ 20% YoY+4.0% YoY
9/10 checks
Method → Playbook → Ask →
O'Neil Watch C CANSLIM read: 5/8 pass; improvement is still needed.
Passing evidence
C: Quarterly EPS acceleration ≥ 25%+60.2% QoQ
L: RS rank ≥ 80 (IBD leadership)RS rank 92
Failing evidence
M: Market in confirmed uptrendMarket phase: uptrend_under_pressure
S: Volume ≥ 40% above average on breakoutNot confirmed
5/8 checks
Method → Playbook → Ask →
Weinstein Watch C Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.

mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $304.68 vs MA200 $257.00
Failing evidence
Volume expansion above averageVolume ratio 0.72x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
5/7 checks
Method → Playbook → Ask →
dennis Watch B Turtle read: no breakout yet. Price is pressing the 20-day high. The system waits for the print; it never anticipates.
Passing evidence
No breakdown below the 20-day channel20-day low $267.00
Volatility-unit sizing (1N ≈ 1% of equity)1N = $8.03 (2.64% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S2: 55-day Donchian breakoutNot confirmed
6/7 checks
Method → Playbook → Ask →
zanger Avoid D Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $350.38-$365.62; trail the rest
Trail on the 10/20-day MA10-day MA $293.90 · 20-day MA $288.33 — exit the remainder on a close below the trail
Failing evidence
Named Zanger pattern onlyTrend Only is not one of Zanger's six
Not extended (≤5% above the breakout point)Data unavailable
3/6 checks
Method → Playbook → Ask →
zweig Watch D Zweig read: part of his screen passes but not all: Reasonable price for the growth (P/E ≤ 35); Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
EPS growth above the market (≥15% QoQ)+60.2% QoQ — Zweig wants growth above the S&P average
Price strength (RS ≥ 70)RS score 92 — Zweig buys strength, not bargains
Failing evidence
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 35.9x — no PEG or forward P/E stored
Insider buyingNo insider buying flagged
4/8 checks
Method → Playbook → Ask →
Livermore Watch B Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$304.68
Relative strengthRS 92
Failing evidence
Volume vs average0.72x
Pivotal point cleared on expanding volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Darvas Watch B Box-theory read: constructive evidence is present, but volume vs average is unresolved.

mediumStock is at the top of its box — Darvas would wait for a decisive breakout on volume.

Passing evidence
Price$304.68
Relative strengthRS 92
Failing evidence
Volume vs average0.72x
Box top broken on heavy volumeNot confirmed
4/6 checks
Method → Playbook → Ask →
Wyckoff Watch B Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$304.68
Relative strengthRS 92
Failing evidence
Volume vs average0.72x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
4/6 checks
Method → Playbook → Ask →
Base & Breakout
Breakout follow-through

No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?

Unlock Base & Breakout Tracking
RS Line vs SPY 52-week relative strength · blue = RS line · dashed = MA50 · dot = NH NH
NH177RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net -3 C
A: 11 D: 14 Net: -365 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 6/7 met
A 6/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
✓ EPS acceleration ≥25% QoQ +60%
✗ Revenue growth ≥20% YoY +4%
✓ Gross margin ≥30% 43%
✓ ROE ≥17% 72%
✓ RS rating ≥80 (leadership) 92
✓ Stage 2 uptrend (Weinstein) Stage 2
✓ Within 25% of 52W high -1.1%

Method Playbook

Trade it like Minervini EXACT LEVELS · PRO
Minervini A · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Use the tight base's structural pivot; the setup must retain Trend Template leadership into the trigger.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Require a decisive move through the pivot with volume confirmation, and do not initiate more than 5% above it.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Start at the tighter structural invalidation; the initial loss limit must not exceed roughly 7–8% from entry.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Hold the initial stop until the trade proves itself; near +1R move to breakeven, then trail a higher low or rising 10/21-day average once well extended.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when the structural stop or a meaningful higher-low/short-term trend violation fires; never widen the stop.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Forming Patterns (predictive — not confirmed)

Head & Shoulders bearish forming
75% built

Possible head & shoulders top — not confirmed. Watch for a daily close below ~255.08 (neckline) to confirm, with measured-move risk toward ~202.22. A push back above 299.48 weakens the pattern; reclaiming 307.94 invalidates it.

Confirms below 255.08
Invalidates at 307.94
Left Shoulder 291.04
Head 307.94
Right Shoulder 299.48
Neckline 255.08
Target 202.22

LS 291.04 / head 307.94 / RS 299.48, neckline ~255.08, vol_fading=yes

Cup & Handle bullish forming
75% built

Right side of cup nearly rebuilt (92% recovered). Watch for a shallow handle to form near ~307.94 before a breakout attempt — buying here, ahead of the handle, is premature.

Pivot Watch 1.06% away
Tightness / volume Stable · No VDU
Recent-pace band 1–2 sessions
Confirms above 307.94
Invalidates at 287.47
Rim 307.94
Cup Low 267.00
Pivot 307.94
Mid Cup 287.47

Cup depth 13%, recovery 92%, handle=not yet

Predictive pattern recognition is educational — most forming structures never confirm. Wait for the confirmation level before treating this as a setup.

Pattern Analysis

Trend Only
98 setup score
RS Score 92
Trend template 8/8 ✓
Why This Setup?
Trend Only · schematic

Gatekeeper 8/8 | Strong trend (8/8) | Top RS (92) | RS at new high | Power Trend | Stage 2

Ask a Legend ▾
The Universal Edge Check · context only

What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.

2/7 universals met
  • Clear of earnings — not met in 2 days — event risk
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.7× average — light
  • A relative-strength leader — met RS rank 82
  • In a confirmed uptrend — met Stage 2 · Trend template 8/8
Why these seven? → The Universal Edge

Minervini Trend Template

8/8 ✓

Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.

Price above SMA 150 & 200 $304.68 vs SMA150 $270.41 / SMA200 $257.00
SMA 150 above SMA 200 SMA150 $270.41 vs SMA200 $257.00
SMA 200 trending up Slope +10.64 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $289.11
Price above SMA 50 $304.68 vs SMA50 $289.11
30%+ above 52-week low +103.1% from $150.00
Within 25% of 52-week high -1.1% from $307.94
RS score above 70 RS 92

Fundamentals

52W Range
98%
Mkt Cap SEC
65.3B
EPS QoQ
+60%
Rev YoY
+4%
ROE
72%
Gross Margin
43%
D/E
5.68
EPS TTM
$8.49
P/E TTM
35.9x
Float
214M
Insider
No Buy

Company

Company profile
Targa Resources, Inc.
TRGP · NYSE · Utilities · Gas Distributors
Track all markets on TradingView

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
8/8
W. RS
98
W. Support
$239.99
W. Resist
$307.94
Weekly Structure

Scan History

20× streak
Oct 23: 98 (Descending Triangle)Oct 26: 55 (Descending Triangle)Oct 27: 98 (Trend Only)98
Oct 27
Trend Only ✓ Gate
98
Oct 26
Descending Triangle ✓ Gate
55 0.0%
Oct 23
Descending Triangle ✓ Gate
98 +0.8%

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