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(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 2024-01-16 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2530860

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	39.48	39.32	39.73	39.27	1.215 times
12 Fri Jan 2024	39.47	39.85	39.94	39.34	1.186 times
12 Fri Jan 2024	39.47	39.85	39.94	39.34	1.186 times
11 Thu Jan 2024	39.37	39.75	39.82	38.97	1.23 times
10 Wed Jan 2024	39.64	39.64	39.76	39.47	0.713 times
09 Tue Jan 2024	39.54	40.18	40.18	39.53	1.242 times
08 Mon Jan 2024	40.18	39.75	40.29	39.59	0.899 times
05 Fri Jan 2024	39.92	39.75	40.15	39.69	0.938 times
04 Thu Jan 2024	39.72	39.71	39.96	39.54	0.948 times
03 Wed Jan 2024	39.51	39.26	39.64	39.07	0.597 times

My analysis of stock is bearish for shortterm, and stock might move down till 39.2 or till 38.7. Use a stoploss of 39.6 and if the stock hits stoploss, then it can shoot up till 39.99

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	39.34
Upside Target	39.73
Upside Target	39.94
Upside 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	39.26
Downside Intraday Target	39.03
Upside Intraday Target	39.72
Upside Intraday Target	39.95
Upside Intraday Target	39.49

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	39.48	39.32	39.73	39.27	1.024 times
12 Fri Jan 2024	39.47	39.85	39.94	39.34	0.225 times
12 Fri Jan 2024	39.47	39.75	40.29	38.97	1.487 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

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
16 Tue Jan 2024	39.48	39.00	40.29	38.87	0.468 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak and stock is losing momentum.

MACD generated a SELL signal for Transcanada Corporation in short term but the sell signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Transcanada Corporation in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 below this level. This means that stock is falling with high volumes. 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.