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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 2024-01-22 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2597360

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	38.74	38.69	38.79	38.49	1.254 times
19 Fri Jan 2024	38.79	38.64	38.80	38.28	0.643 times
18 Thu Jan 2024	38.75	38.96	39.27	38.45	0.81 times
17 Wed Jan 2024	38.88	39.21	39.29	38.71	1.073 times
16 Tue Jan 2024	39.48	39.32	39.73	39.27	1.184 times
12 Fri Jan 2024	39.47	39.85	39.94	39.34	1.156 times
12 Fri Jan 2024	39.47	39.85	39.94	39.34	1.156 times
11 Thu Jan 2024	39.37	39.75	39.82	38.97	1.198 times
10 Wed Jan 2024	39.64	39.64	39.76	39.47	0.694 times
09 Tue Jan 2024	39.54	40.18	40.18	39.53	1.21 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 39, but if it comes above 39, then a intra day buy could be more profitable.
If you take a sell trade below 39, then use 39 as stoploss and 38.4 as target. However if you take a buy trade in stock , then use 39 as stoploss and 39.45 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
Upside Target	38.97
Upside 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	38.56
Downside Intraday Target	38.37
Upside Intraday Target	38.86
Upside Intraday Target	38.97
Downside Intraday Target	38.67

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	38.74	38.69	38.79	38.49	0.338 times
19 Fri Jan 2024	38.79	39.32	39.73	38.28	3.21 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

Price has moved down 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
22 Mon Jan 2024	38.74	39.00	40.29	38.28	0.629 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 down 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 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 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a buy signal for Transcanada Corporation in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 39.23 and Transcanada Corporation (TRP) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.