Targa Resources Stock Forward View - Simple Moving Average
| TRGP Stock | USD 211.44 5.89 2.87% |
Targa Stock outlook is based on your current time horizon.
As of today the value of relative strength index of Targa Resources' share price is below 20 . This usually implies that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Targa Resources hype-based prediction, you can estimate the value of Targa Resources from the perspective of Targa Resources response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Targa Resources on the next trading day is expected to be 211.44 with a mean absolute deviation of 2.58 and the sum of the absolute errors of 152.25. Targa Resources after-hype prediction price | USD 211.67 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Targa Resources to cross-verify your projections. Targa Resources Additional Predictive Modules
Most predictive techniques to examine Targa price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Targa using various technical indicators. When you analyze Targa charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
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| Volatility Indicators | ||
| Volume Indicators |
Targa Resources Simple Moving Average Price Forecast For the 8th of February
Given 90 days horizon, the Simple Moving Average forecasted value of Targa Resources on the next trading day is expected to be 211.44 with a mean absolute deviation of 2.58, mean absolute percentage error of 10.03, and the sum of the absolute errors of 152.25.Please note that although there have been many attempts to predict Targa Stock prices using its time series forecasting, we generally do not suggest using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Targa Resources' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Targa Resources Stock Forecast Pattern
| Backtest Targa Resources | Targa Resources Price Prediction | Research Analysis |
Targa Resources Forecasted Value
In the context of forecasting Targa Resources' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Targa Resources' downside and upside margins for the forecasting period are 209.86 and 213.02, respectively. We have considered Targa Resources' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Targa Resources stock data series using in forecasting. Note that when a statistical model is used to represent Targa Resources stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 116.7406 |
| Bias | Arithmetic mean of the errors | -1.0381 |
| MAD | Mean absolute deviation | 2.5806 |
| MAPE | Mean absolute percentage error | 0.014 |
| SAE | Sum of the absolute errors | 152.255 |
Predictive Modules for Targa Resources
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Targa Resources. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Targa Resources After-Hype Price Density Analysis
As far as predicting the price of Targa Resources at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Targa Resources or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Targa Resources, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Targa Resources Estimiated After-Hype Price Volatility
In the context of predicting Targa Resources' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Targa Resources' historical news coverage. Targa Resources' after-hype downside and upside margins for the prediction period are 210.09 and 213.25, respectively. We have considered Targa Resources' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models compare with traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Targa Resources is very steady at this time. Analysis and calculation of next after-hype price of Targa Resources is based on 3 months time horizon.
Targa Resources Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Targa Resources is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Targa Resources backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Targa Resources, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.38 | 1.58 | 0.39 | 0.11 | 6 Events / Month | 3 Events / Month | In about 6 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
211.44 | 211.67 | 0.11 |
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Targa Resources Hype Timeline
Targa Resources is at this time traded for 211.44. The entity has historical hype elasticity of -0.39, and average elasticity to hype of competition of -0.11. Targa is forecasted to increase in value after the next headline, with the price projected to jump to 211.67 or above. The average volatility of media hype impact on the company the price is about 153.4%. The price gain on the next news is projected to be 0.11%, whereas the daily expected return is at this time at 0.38%. The volatility of related hype on Targa Resources is about 541.1%, with the expected price after the next announcement by competition of 211.33. The company reported the previous year's revenue of 16.63 B. Net Income was 1.55 B with profit before overhead, payroll, taxes, and interest of 6.26 B. Given the investment horizon of 90 days the next forecasted press release will be in about 6 days. Check out Historical Fundamental Analysis of Targa Resources to cross-verify your projections.Targa Resources Related Hype Analysis
Having access to credible news sources related to Targa Resources' direct competition is more important than ever and may enhance your ability to predict Targa Resources' future price movements. Getting to know how Targa Resources' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Targa Resources may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| EQT | EQT Corporation | 0.00 | 0 per month | 0.00 | (0.06) | 3.15 | (3.55) | 11.67 | |
| OKE | ONEOK Inc | (1.69) | 6 per month | 1.28 | 0.17 | 2.69 | (2.34) | 7.19 | |
| CVE | Cenovus Energy | 0.00 | 0 per month | 1.89 | 0.08 | 4.31 | (3.24) | 9.18 | |
| WDS | Woodside Energy Group | 0.00 | 0 per month | 1.58 | 0.01 | 2.57 | (2.21) | 7.90 | |
| CQP | Cheniere Energy Partners | 0.49 | 10 per month | 1.06 | 0.08 | 2.25 | (2.07) | 6.34 | |
| OXY | Occidental Petroleum | 0.00 | 0 per month | 1.57 | 0.06 | 3.16 | (2.71) | 8.97 | |
| ET | Energy Transfer LP | 0.00 | 0 per month | 0.70 | 0.06 | 1.69 | (1.36) | 4.31 | |
| PBA | Pembina Pipeline Corp | 0.21 | 8 per month | 1.28 | 0.10 | 1.99 | (1.63) | 6.67 | |
| FANG | Diamondback Energy | (1.93) | 9 per month | 1.66 | 0.1 | 3.36 | (3.24) | 8.37 | |
| PAA | Plains All American | 0.00 | 0 per month | 0.73 | 0.20 | 1.82 | (1.28) | 4.05 |
Other Forecasting Options for Targa Resources
For every potential investor in Targa, whether a beginner or expert, Targa Resources' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Targa Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Targa. Basic forecasting techniques help filter out the noise by identifying Targa Resources' price trends.Targa Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Targa Resources stock to make a market-neutral strategy. Peer analysis of Targa Resources could also be used in its relative valuation, which is a method of valuing Targa Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Targa Resources Market Strength Events
Market strength indicators help investors to evaluate how Targa Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Targa Resources shares will generate the highest return on investment. By undertsting and applying Targa Resources stock market strength indicators, traders can identify Targa Resources entry and exit signals to maximize returns.
Targa Resources Risk Indicators
The analysis of Targa Resources' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Targa Resources' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting targa stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.23 | |||
| Semi Deviation | 1.23 | |||
| Standard Deviation | 1.58 | |||
| Variance | 2.5 | |||
| Downside Variance | 2.76 | |||
| Semi Variance | 1.52 | |||
| Expected Short fall | (1.30) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Targa Resources
The number of cover stories for Targa Resources depends on current market conditions and Targa Resources' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Targa Resources is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Targa Resources' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Targa Resources Short Properties
Targa Resources' future price predictability will typically decrease when Targa Resources' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Targa Resources often depends not only on the future outlook of the potential Targa Resources' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Targa Resources' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 221.3 M | |
| Cash And Short Term Investments | 157.3 M |
Additional Tools for Targa Stock Analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.