Is Targa Resources Corp. technically bullish or bearish?

As of 10 October 2025, the technical trend for Targa Resources Corp. has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from the weekly MACD and Bollinger Bands both signaling bearish trends. The daily moving averages also confirm a bearish outlook. The KST is bearish on the weekly and mildly bearish on the monthly, while the Dow Theory reflects a mildly bearish stance on both time frames. The OBV shows mild bullishness, but it is outweighed by the other indicators.
In terms of performance, Targa Resources has underperformed the S&P 500 across multiple periods, with a year-to-date return of -14.62% compared to the S&P 500's 11.41%, and a one-year return of -6.22% against the S&P 500's 13.36%.