(TRP) Transcanada Corporation complete technical analysis [charts+indicators] | Buy/Sell Transcanada Corporation | (TRP) share price targets
Complete technical analysis of Transcanada Corporation (TRP) by charts plus indicators, forecast predictions and share price targets for Transcanada Corporation (TRP)
Transcanada Corporation trades in USA in Public Utilities sector.
Showing technical analysis as on 2024-01-08 View latest technical analysis
10 day averaged volume of Transcanada Corporation is 2927110
Date | Daily Closing Price | Open | High | Low | Volume |
08 Mon Jan 2024 | 40.18 | 39.75 | 40.29 | 39.59 | 0.777 times |
05 Fri Jan 2024 | 39.92 | 39.75 | 40.15 | 39.69 | 0.811 times |
04 Thu Jan 2024 | 39.72 | 39.71 | 39.96 | 39.54 | 0.82 times |
03 Wed Jan 2024 | 39.51 | 39.26 | 39.64 | 39.07 | 0.516 times |
02 Tue Jan 2024 | 39.28 | 39.00 | 39.33 | 38.87 | 0.918 times |
29 Fri Dec 2023 | 39.09 | 39.15 | 39.20 | 38.91 | 1.185 times |
29 Fri Dec 2023 | 39.09 | 39.15 | 39.20 | 38.91 | 1.185 times |
28 Thu Dec 2023 | 39.16 | 39.65 | 39.79 | 39.05 | 1.827 times |
27 Wed Dec 2023 | 40.43 | 40.38 | 40.63 | 40.21 | 1.708 times |
26 Tue Dec 2023 | 40.39 | 40.11 | 40.49 | 40.00 | 0.31 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40, but if it comes below 40, then a intra day sell could be more profitable.
If you take a sell trade below 40, then use 40 as stoploss and 39.37 as target. However if you take a buy trade in stock , then use 40 as stoploss and 40.7 as target.
Share price targets for Transcanada Corporation (TRP)
Target Type | Value |
Downside Target | 32.52 |
Downside Target | 34.34 |
Downside Target | 35.61 |
Downside Target | 37.33 |
Downside Target | 38.87 |
Downside Target | 39.59 |
Downside Target | 40.15 |
Upside Target | 40.29 |
Upside Target | 40.63 |
Intraday share price targets for Transcanada Corporation (TRP)
Target Type | Value |
Downside Intraday Target | 39.75 |
Downside Intraday Target | 39.32 |
Upside Intraday Target | 40.45 |
Upside Intraday Target | 40.72 |
Downside Intraday Target | 40.02 |
Weekly technical analysis of Transcanada Corporation (TRP)
Date | Weekly Closing Price | Open | High | Low | Volume |
08 Mon Jan 2024 | 40.18 | 39.75 | 40.29 | 39.59 | 0.254 times |
05 Fri Jan 2024 | 39.92 | 39.00 | 40.15 | 38.87 | 2.587 times |
29 Fri Dec 2023 | 39.09 | 39.15 | 39.20 | 38.91 | 0.236 times |
29 Fri Dec 2023 | 39.09 | 40.11 | 40.63 | 38.91 | 1.421 times |
22 Fri Dec 2023 | 39.97 | 39.20 | 40.29 | 38.93 | 0.691 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Transcanada Corporation (TRP)
Date | Monthly Closing Price | Open | High | Low | Volume |
08 Mon Jan 2024 | 40.18 | 39.00 | 40.29 | 38.87 | 0.185 times |
29 Fri Dec 2023 | 39.09 | 37.52 | 40.63 | 37.33 | 1.369 times |
30 Thu Nov 2023 | 37.52 | 34.68 | 37.63 | 34.34 | 0.597 times |
31 Tue Oct 2023 | 34.45 | 34.35 | 35.61 | 32.52 | 0.956 times |
Scroll below to view daily charts
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Transcanada Corporation (TRP)
Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transcanada Corporation ( (TRP) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transcanada Corporation ( (TRP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Transcanada Corporation stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Transcanada Corporation in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Transcanada Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Transcanada Corporation in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Transcanada Corporation is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 39.61 and Transcanada Corporation (TRP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Transcanada Corporation (TRP) stock. Volume based technical analysis of Transcanada Corporation (TRP) stock is negative.
Transcanada Corporation Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transcanada Corporation ( (TRP) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transcanada Corporation ( (TRP) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Transcanada Corporation stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Transcanada Corporation in short term but the sell signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Transcanada Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.
Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up
CCI has generated a buy signal for Transcanada Corporation in short term and BUY signal is strong.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Although the stock is in the SELL zone, but selling might be slowing down
Stock of Transcanada Corporation is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 39.61 and Transcanada Corporation (TRP) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Transcanada Corporation (TRP) stock. Volume based technical analysis of Transcanada Corporation (TRP) stock is negative.
Transcanada Corporation Stock is giving positive returns over a short term period. Returns for a longer term period have been positive
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.