Is Targa Resources Corp. technically bullish or bearish?

As of 22 August 2025, the technical trend for Targa Resources Corp. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend, while the weekly MACD and KST suggest a mildly bullish outlook. The Bollinger Bands are bullish on both weekly and monthly time frames, which provides some support. However, the overall strength remains weak due to the monthly indicators showing bearish tendencies.
In terms of multi-period returns, Targa has outperformed the S&P 500 over the past week and month, but it lags behind on a year-to-date basis and over the last year. Over the longer term, Targa has significantly outperformed the S&P 500 over both the 3-year and 5-year periods.