(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 2024-02-06 View latest technical analysis
10 day averaged volume of Transcanada Corporation is 1795570
Date | Daily Closing Price | Open | High | Low | Volume |
06 Tue Feb 2024 | 38.03 | 37.98 | 38.25 | 37.83 | 1.537 times |
05 Mon Feb 2024 | 37.94 | 38.80 | 38.84 | 37.81 | 2.06 times |
02 Fri Feb 2024 | 39.07 | 39.58 | 39.60 | 38.71 | 0.924 times |
01 Thu Feb 2024 | 39.84 | 39.55 | 40.02 | 39.47 | 1.409 times |
31 Wed Jan 2024 | 39.43 | 40.00 | 40.13 | 39.30 | 0.863 times |
30 Tue Jan 2024 | 39.84 | 39.57 | 39.92 | 39.33 | 0.893 times |
29 Mon Jan 2024 | 39.60 | 39.29 | 39.61 | 38.95 | 0.866 times |
26 Fri Jan 2024 | 39.39 | 39.01 | 39.39 | 38.93 | 0.529 times |
25 Thu Jan 2024 | 38.89 | 38.71 | 38.91 | 38.54 | 0.925 times |
24 Wed Jan 2024 | 38.42 | 39.30 | 39.47 | 38.40 | 0.855 times |
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 37.9, for a target of 38.6 or 39.1
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 | 37.61 |
Downside Intraday Target | 37.2 |
Upside Intraday Target | 38.64 |
Upside Intraday Target | 39.26 |
Upside Intraday Target | 38.23 |
Weekly technical analysis of Transcanada Corporation (TRP)
Date | Weekly Closing Price | Open | High | Low | Volume |
06 Tue Feb 2024 | 38.03 | 38.80 | 38.84 | 37.81 | 0.726 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 |
06 Tue Feb 2024 | 38.03 | 39.55 | 40.02 | 37.81 | 0.221 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 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 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 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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
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 38.89 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.
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 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 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 getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red 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
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 38.89 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.