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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 2024-01-29 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2125280

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	39.60	39.29	39.61	38.95	0.732 times
26 Fri Jan 2024	39.39	39.01	39.39	38.93	0.447 times
25 Thu Jan 2024	38.89	38.71	38.91	38.54	0.782 times
24 Wed Jan 2024	38.42	39.30	39.47	38.40	0.722 times
23 Tue Jan 2024	38.99	38.68	39.09	38.65	0.57 times
22 Mon Jan 2024	38.74	38.69	38.79	38.49	1.532 times
19 Fri Jan 2024	38.79	38.64	38.80	38.28	0.786 times
18 Thu Jan 2024	38.75	38.96	39.27	38.45	0.99 times
17 Wed Jan 2024	38.88	39.21	39.29	38.71	1.311 times
16 Tue Jan 2024	39.48	39.32	39.73	39.27	1.446 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 39.7 as stoploss in an intra day sell trade for a target of 39.3. However, stock will show a bullish move above 39.7.

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	39.34
Downside Target	39.47
Upside Target	39.61
Upside Target	39.73
Upside Target	39.94
Upside Target	40.29
Upside Target	40.63

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	39.16
Downside Intraday Target	38.73
Upside Intraday Target	39.82
Upside Intraday Target	40.05
Downside Intraday Target	39.39

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	39.60	39.29	39.61	38.95	0.181 times
26 Fri Jan 2024	39.39	38.69	39.47	38.40	0.894 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

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
29 Mon Jan 2024	39.60	39.00	40.29	38.28	0.743 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 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 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 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 38.98 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 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 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.