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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 2024-01-23 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2695500

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	38.99	38.68	39.09	38.65	0.45 times
22 Mon Jan 2024	38.74	38.69	38.79	38.49	1.208 times
19 Fri Jan 2024	38.79	38.64	38.80	38.28	0.62 times
18 Thu Jan 2024	38.75	38.96	39.27	38.45	0.781 times
17 Wed Jan 2024	38.88	39.21	39.29	38.71	1.034 times
16 Tue Jan 2024	39.48	39.32	39.73	39.27	1.14 times
12 Fri Jan 2024	39.47	39.85	39.94	39.34	1.114 times
12 Fri Jan 2024	39.47	39.85	39.94	39.34	1.114 times
11 Thu Jan 2024	39.37	39.75	39.82	38.97	1.155 times
10 Wed Jan 2024	39.64	39.64	39.76	39.47	0.669 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 38.9 as stoploss in an intra day buy trade for a target of 39.38. However, stock will show a bearish move below 38.9.

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	39.09
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	38.62
Downside Intraday Target	38.26
Upside Intraday Target	39.22
Upside Intraday Target	39.46
Downside Intraday Target	38.86

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jan 2024	38.99	38.69	39.09	38.49	0.464 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 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
23 Tue Jan 2024	38.99	39.00	40.29	38.28	0.649 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 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 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 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 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

Stock of Transcanada Corporation is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.18 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.