Weekly structural research · NYSE · Energy

TRGP Stage Analysis

Targa Resources Inc

Week ending 9 Oct 2026Close USD 286.70Tenure ExtendedBenchmark SPY

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Established expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: compressed and contracting.

Direction 42−100 bearish to +100 bullish

Energy 23/100directional strength

Maturity 100/100lifecycle context

Confidence 82/100evidence agreement

Trend gate Upstructural direction

Activity structure Compressedcontracting separation

Price acceptance +66.7%position within the Activity structure

Fair Value context +66.8%USD 171.91 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-09	286.70	267.24	12.40	5734906	Upward Expansion	42	23
2026-10-02	281.74	265.65	12.64	5922824	Upward Expansion	42	26
2026-09-25	277.84	264.13	11.66	5383764	Upward Expansion	56	36
2026-09-18	292.19	262.69	19.63	7480821	Upward Expansion	63	57
2026-09-11	290.25	260.63	19.71	3508474	Upward Expansion	61	66
2026-09-04	290.05	258.38	19.65	5458832	Upward Expansion	62	63
2026-08-28	287.82	255.72	19.79	5155623	Upward Expansion	61	42
2026-08-21	299.10	252.80	25.98	9447970	Upward Expansion	74	42
2026-08-14	275.79	249.15	15.57	3948856	Upward Expansion	57	31
2026-08-07	256.87	246.07	8.51	7247070	Upward Expansion	47	31
2026-07-31	270.37	243.35	18.77	6311072	Upward Expansion	57	42
2026-07-24	280.04	240.50	25.17	5112714	Upward Expansion	64	45
2026-07-17	281.61	237.21	26.11	5749012	Upward Expansion	71	47
2026-07-10	272.09	233.72	20.81	4929446	Upward Expansion	61	38
2026-07-03	257.69	230.70	16.64	7186737	Upward Expansion	44	34
2026-06-26	271.36	228.08	26.07	7172731	Upward Expansion	65	47
2026-06-19	258.58	224.82	17.99	5967552	Upward Expansion	57	44
2026-06-12	272.60	221.83	26.05	4577755	Upward Expansion	71	59
2026-06-05	264.09	218.46	23.45	4827685	Upward Expansion	64	63
2026-05-29	255.07	215.33	16.88	5638178	Upward Expansion	64	65
2026-05-22	276.75	211.92	29.28	5375933	Upward Expansion	83	87
2026-05-15	271.99	207.73	29.01	6539044	Upward Expansion	84	66
2026-05-08	248.12	203.54	18.67	6476850	Upward Expansion	64	52
2026-05-01	254.28	200.27	24.96	6280487	Upward Expansion	76	58
2026-04-24	239.54	197.12	19.40	5363723	Upward Expansion	59	51
2026-04-17	234.37	194.85	17.60	6053182	Upward Expansion	62	59
2026-04-10	241.93	192.43	26.90	6367735	Upward Expansion	65	64
2026-04-03	243.22	189.82	32.67	7303857	Upward Expansion	69	66
2026-03-27	249.03	187.04	41.06	6725208	Upward Expansion	82	72
2026-03-20	236.27	184.24	31.23	8809940	Upward Expansion	68	73
2026-03-13	238.90	181.72	30.48	7192393	Upward Expansion	77	90
2026-03-06	236.07	179.11	27.24	9618469	Upward Expansion	79	92
2026-02-27	234.67	176.65	24.33	7573957	Upward Expansion	86	95
2026-02-20	230.24	174.17	21.45	7892844	Upward Expansion	91	96
2026-02-13	222.82	171.90	18.90	6992322	Upward Expansion	92	96
2026-02-06	210.43	170.05	10.81	6305154	Upward Expansion	89	91
2026-01-30	200.02	168.64	4.94	7114549	Upward Expansion	83	64
2026-01-23	189.64	167.63	-0.34	5044237	Upward Expansion	73	54
2026-01-16	183.55	166.99	-4.29	5846672	Upward Expansion	66	48
2026-01-09	175.14	166.44	-9.54	6663920	Upward Expansion	60	47
2026-01-02	184.96	166.30	-3.44	3160166	Upward Expansion	72	71
2025-12-26	181.12	165.58	-6.66	2778661	Upward Expansion	67	69
2025-12-19	177.19	164.69	-7.57	11391306	Upward Expansion	62	67
2025-12-12	181.41	164.01	-5.47	9364163	Upward Expansion	73	72
2025-12-05	178.98	163.37	-7.48	7304134	Balance	72	69
2025-11-28	173.61	162.60	-10.28	4669703	Balance	37	38
2025-11-21	168.88	162.09	-9.97	7562333	Balance	18	25
2025-11-14	171.42	162.22	-10.89	7395965	Balance	11	14
2025-11-07	170.39	162.17	-11.73	12283618	Downward Expansion	-29	21
2025-10-31	152.54	161.79	-22.57	6626128	Downward Expansion	-59	67
2025-10-24	151.29	161.93	-22.97	6386507	Downward Expansion	-61	66
2025-10-17	146.28	163.30	-24.37	7666105	Balance	-72	60
2025-10-10	149.96	164.82	-21.38	8305628	Balance	-67	37
2025-10-03	159.69	165.99	-18.57	7425673	Balance	-39	16
2025-09-26	171.39	166.56	-11.81	6507947	Balance	-12	8
2025-09-19	161.78	167.39	-16.94	10058190	Downward Expansion	-37	17
2025-09-12	163.70	168.49	-15.02	6201491	Downward Expansion	-38	19
2025-09-05	159.74	169.69	-15.82	5095912	Downward Expansion	-56	30
2025-08-29	165.06	170.89	-12.83	6121952	Downward Expansion	-50	28
2025-08-22	160.63	171.77	-15.19	6987526	Downward Expansion	-55	43
2025-08-15	160.56	173.16	-14.99	8229220	Balance	-46	41
2025-08-08	162.43	174.78	-13.16	9046512	Balance	-41	32
2025-08-01	160.30	175.60	-12.14	6886978	Balance	-46	29
2025-07-25	161.96	176.27	-13.26	7266398	Balance	-40	20
2025-07-18	167.35	176.60	-8.90	6081950	Balance	-18	13
2025-07-11	168.12	176.73	-7.74	6220462	Balance	-18	14
2025-07-04	169.71	177.08	-6.91	6029829	Downward Expansion	-28	21
2025-06-27	170.55	177.70	-4.62	10299068	Downward Expansion	-32	20
2025-06-20	166.91	178.61	-3.11	7450583	Downward Expansion	-37	21
2025-06-13	170.97	179.74	-0.53	9694683	Downward Expansion	-43	28
2025-06-06	163.43	180.37	-4.79	10108153	Downward Expansion	-57	39
2025-05-30	154.46	181.14	-8.16	8482605	Downward Expansion	-63	50
2025-05-23	156.93	181.32	-4.75	8552437	Downward Expansion	-61	51
2025-05-16	162.05	181.43	-3.75	10431964	Downward Expansion	-56	43
2025-05-09	156.05	181.26	-2.02	12848297	Rotation Down	-66	55
2025-05-02	158.31	181.38	-0.59	12654349	Rotation Down	-37	50
2025-04-25	172.71	181.19	12.13	9515907	Rotation Down	-27	51
2025-04-18	169.74	180.15	16.01	8557004	Rotation Down	-26	49
2025-04-11	159.04	179.40	7.93	20392119	Balance	-32	42
2025-04-04	156.73	178.86	13.03	16012687	Balance	-32	26
2025-03-28	192.35	178.36	26.98	6543745	Upward Expansion	31	19
2025-03-21	191.94	176.67	26.09	7076484	Upward Expansion	31	19
2025-03-14	185.04	174.90	23.36	9964429	Upward Expansion	29	18
2025-03-07	176.88	173.31	16.31	11356634	Upward Expansion	23	16
2025-02-28	196.14	171.78	26.04	10145431	Upward Expansion	55	39
2025-02-21	194.82	169.44	25.30	8753822	Upward Expansion	57	43
2025-02-14	199.68	167.15	27.71	6644891	Upward Expansion	65	54
2025-02-07	195.85	164.85	28.47	5824285	Upward Expansion	62	69
2025-01-31	191.36	162.64	26.82	7284160	Upward Expansion	62	62
2025-01-24	202.51	160.50	34.41	5902814	Upward Expansion	74	67
2025-01-17	208.96	157.86	42.89	8266486	Deceleration	84	59
2025-01-10	187.24	154.90	33.76	6526171	Deceleration	50	31
2025-01-03	180.33	152.46	27.90	4627818	Deceleration	38	30
2024-12-27	171.80	150.22	22.50	4253006	Upward Expansion	42	31
2024-12-20	171.25	148.28	24.05	16556115	Upward Expansion	51	50
2024-12-13	178.83	146.22	28.37	7721803	Upward Expansion	66	66
2024-12-06	188.25	144.02	35.71	7863383	Upward Expansion	68	85
2024-11-29	197.89	141.36	45.49	7993829	Upward Expansion	81	93
2024-11-22	200.81	138.36	51.18	7974415	Upward Expansion	95	98
2024-11-15	189.89	135.38	47.27	6738074	Upward Expansion	95	97
2024-11-08	186.25	132.63	43.21	10516039	Upward Expansion	97	94
2024-11-01	160.09	130.07	30.41	6780107	Upward Expansion	71	79
2024-10-25	160.04	128.42	29.56	9129220	Upward Expansion	76	80
2024-10-18	156.94	126.64	26.76	6771299	Upward Expansion	75	68
2024-10-11	159.84	124.93	31.08	9870997	Upward Expansion	88	73
2024-10-04	152.38	122.97	27.36	6999507	Upward Expansion	83	69
2024-09-27	141.56	121.19	19.57	9424777	Upward Expansion	66	63
2024-09-20	147.38	119.62	25.85	9859101	Upward Expansion	82	82
2024-09-13	142.90	117.79	24.60	8816551	Upward Expansion	74	81
2024-09-06	141.51	116.11	29.22	9202783	Upward Expansion	74	85
2024-08-30	141.66	114.16	24.93	7067244	Upward Expansion	81	77
2024-08-23	138.99	112.17	23.70	5870270	Upward Expansion	82	70
2024-08-16	137.38	110.27	24.75	9789746	Upward Expansion	83	67
2024-08-09	130.85	108.30	24.33	13346746	Upward Expansion	73	62
2024-08-02	125.92	106.59	20.41	7966410	Upward Expansion	66	66
2024-07-26	126.18	105.10	18.80	6831541	Upward Expansion	68	84
2024-07-19	130.78	103.64	22.88	6123629	Upward Expansion	82	93
2024-07-12	129.51	102.02	20.12	4752499	Upward Expansion	87	94
2024-07-05	127.06	100.40	19.77	4808040	Upward Expansion	89	89
2024-06-28	123.50	98.89	19.39	9996541	Upward Expansion	86	79
2024-06-21	119.97	97.62	16.67	8695978	Upward Expansion	85	70
2024-06-14	114.12	96.40	12.46	6677531	Upward Expansion	70	63
2024-06-07	113.17	95.31	14.01	6669881	Upward Expansion	69	64
2024-05-31	113.38	94.21	16.33	5744221	Upward Expansion	73	65
2024-05-24	109.59	93.21	12.67	5424748	Upward Expansion	61	59
2024-05-17	112.84	92.21	16.62	6241126	Upward Expansion	77	68
2024-05-10	108.56	91.17	14.70	6382247	Upward Expansion	63	62
2024-05-03	107.70	90.29	16.50	9231216	Upward Expansion	66	64
2024-04-26	111.36	89.25	21.75	7595492	Upward Expansion	77	71
2024-04-19	107.60	88.23	21.37	9362650	Upward Expansion	68	74
2024-04-12	109.29	87.30	20.05	10772235	Upward Expansion	77	90
2024-04-05	110.51	86.31	20.08	6761561	Upward Expansion	89	96
2024-03-29	106.72	85.31	15.44	6357365	Upward Expansion	87	95
2024-03-22	105.68	84.50	15.17	8282573	Upward Expansion	92	97
2024-03-15	100.98	83.63	13.03	6592348	Upward Expansion	88	95
2024-03-08	98.94	82.92	11.10	8860680	Upward Expansion	91	96
2024-03-01	94.66	82.29	6.22	6741979	Upward Expansion	87	91
2024-02-23	92.46	81.72	4.77	11704731	Upward Expansion	84	83
2024-02-16	92.37	81.17	6.44	14773951	Upward Expansion	82	70
2024-02-09	82.99	80.61	-4.56	8299911	Balance	39	17
2024-02-02	81.93	80.28	-4.59	6718582	Balance	20	12
2024-01-26	82.25	79.96	-2.88	6883284	Balance	19	14
2024-01-19	78.16	79.59	-6.82	6512134	Balance	0	10
2024-01-12	79.42	79.17	-4.36	8113417	Balance	17	10
2024-01-05	81.28	78.76	-0.41	5680265	Upward Expansion	33	14
2023-12-29	82.31	78.26	-0.76	3449964	Upward Expansion	36	17
2023-12-22	82.15	77.75	-0.67	5602123	Upward Expansion	48	27
2023-12-15	80.92	77.17	-1.33	9341365	Upward Expansion	50	31
2023-12-08	82.01	76.66	2.40	8332178	Upward Expansion	54	36
2023-12-01	85.42	76.11	7.08	10086706	Upward Expansion	67	43
2023-11-24	83.22	75.50	5.34	4784070	Upward Expansion	61	39
2023-11-17	81.50	75.09	4.32	9012288	Upward Expansion	54	33
2023-11-10	80.12	74.71	5.03	10039907	Upward Expansion	53	36
2023-11-03	83.49	74.46	11.07	13151333	Upward Expansion	69	47
2023-10-27	79.48	74.00	12.12	7139132	Upward Expansion	53	34
2023-10-20	81.65	73.61	12.69	5871020	Deceleration	63	42

Price vs TrendAbove+7.3%

Trend directionRising+9.8%

Price vs current Fair ValuePremium+66.8%

Fair Value directionMoving away-8.8%

Relative Strength vs benchmarkLeading+12.4%

Relative strength directionWeakening-8.4%

Price momentumPositive+18.5%

Volume balanceDemand-led1.62×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

42 / ±100

-19.0 points since 2026-09-11

Energy

23 /100

-42.5 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

TRGP Directional State ↗ TRGP Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance35

Rotation Up38

Upward Expansion66

Deceleration81

Rotation Down25

Downward Expansion14

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-20 to 2026-10-09 · 156 classified observations out of 156 shown.

Balance 14%Upward Expansion 71%Deceleration 3%Rotation Down 3%Downward Expansion 10%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2025-12-12	2026-10-09	Extended	+58.0%
Balance	2025-11-14	2025-12-05	New	+4.4%
Downward Expansion	2025-10-24	2025-11-07	New	+12.6%
Balance	2025-09-26	2025-10-17	New	-14.7%
Downward Expansion	2025-08-22	2025-09-19	Developing	+0.7%
Balance	2025-07-11	2025-08-15	Developing	-4.5%
Downward Expansion	2025-05-16	2025-07-04	Developing	+4.7%
Rotation Down	2025-04-18	2025-05-09	New	-8.1%
Balance	2025-04-04	2025-04-11	New	+1.5%
Upward Expansion	2025-01-24	2025-03-28	Developing	-5.0%
Deceleration	2025-01-03	2025-01-17	New	+15.9%
Upward Expansion	2024-02-16	2024-12-27	Extended	+86.0%
Balance	2024-01-12	2024-02-09	Developing	+4.5%
Upward Expansion	2023-10-27	2024-01-05	Developing	+2.3%

Classic Stage Analysis comparison

Stage 1 · Basing2

Stage 2 · Advancing100

Stage 3 · Distribution72

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus SPY

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation: 91/100
Current Relative Strength: 12.40
Relative Strength direction: Weakening
Price momentum: +18.5%
Excess performance vs benchmark: +3.6%
Energy regime cohort: 25th percentile59 in cohort

Test TRGP trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.98×

Latest completed volume relative to typical participation.

Up/down volume1.62×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore TRGP Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity USD 284.57falling

Slow Activity USD 275.83rising

Trend Reference USD 267.24+7.3% close margin

Current Fair Value USD 171.91+66.8% close margin

Structural low USD 229.28shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +5.9%

Annualized volatility +32.9%

From structural high -6.9%

From structural low +102.2%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs SPY	Regime survived	Read
Near term	44	+2.8%-14.7% to +25.5%	+61.4%	+61.4%	+3.2%	+81.8%	Usable descriptive sample
Intermediate	16	+6.4%-18.8% to +38.2%	+81.2%	+81.2%	+4.8%	+68.8%	Usable descriptive sample
Extended	8	+18.6%-19.6% to +50.3%	+75.0%	+75.0%	+19.3%	+37.5%	Usable descriptive sample
Full cycle	4	+28.7%-12.3% to +131.7%	+75.0%	+75.0%	+26.1%	+50.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

TRGP Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The weekly architecture is expanding upward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Volume & Price ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Volume & Price

Similar Charts

RMI Reversal Map