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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 2024-02-05 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 1751310

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	37.94	38.80	38.84	37.81	2.112 times
02 Fri Feb 2024	39.07	39.58	39.60	38.71	0.947 times
01 Thu Feb 2024	39.84	39.55	40.02	39.47	1.445 times
31 Wed Jan 2024	39.43	40.00	40.13	39.30	0.885 times
30 Tue Jan 2024	39.84	39.57	39.92	39.33	0.916 times
29 Mon Jan 2024	39.60	39.29	39.61	38.95	0.888 times
26 Fri Jan 2024	39.39	39.01	39.39	38.93	0.543 times
25 Thu Jan 2024	38.89	38.71	38.91	38.54	0.949 times
24 Wed Jan 2024	38.42	39.30	39.47	38.40	0.876 times
23 Tue Jan 2024	38.99	38.68	39.09	38.65	0.692 times

Stock of Transcanada Corporation (TRP) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 38.1, for a target of 38.7 or 39.18

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	39.34
Upside Target	39.47
Upside Target	39.73
Upside Target	39.94
Upside Target	40.02
Upside Target	40.13
Upside Target	40.29
Upside Target	40.63

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	37.55
Downside Intraday Target	37.17
Upside Intraday Target	38.58
Upside Intraday Target	39.23
Upside Intraday Target	38.2

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Feb 2024	37.94	38.80	38.84	37.81	0.416 times
02 Fri Feb 2024	39.07	39.29	40.13	38.71	1.033 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

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
05 Mon Feb 2024	37.94	39.55	40.02	37.81	0.163 times
31 Wed Jan 2024	39.43	39.00	40.29	38.28	0.795 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 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 39.03 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.