(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 2024-02-16 View latest technical analysis
10 day averaged volume of Transcanada Corporation is 2419400
Date | Daily Closing Price | Open | High | Low | Volume |
16 Fri Feb 2024 | 39.52 | 39.20 | 39.59 | 39.00 | 1.376 times |
15 Thu Feb 2024 | 38.60 | 37.72 | 38.66 | 37.57 | 0.785 times |
14 Wed Feb 2024 | 37.54 | 37.89 | 38.09 | 37.49 | 0.672 times |
13 Tue Feb 2024 | 37.56 | 38.15 | 38.26 | 37.20 | 1.215 times |
12 Mon Feb 2024 | 38.31 | 37.60 | 38.41 | 37.51 | 0.647 times |
09 Fri Feb 2024 | 37.53 | 37.52 | 37.72 | 37.31 | 0.691 times |
08 Thu Feb 2024 | 37.46 | 37.64 | 37.78 | 37.39 | 1.476 times |
07 Wed Feb 2024 | 37.73 | 38.14 | 38.26 | 37.68 | 1.16 times |
06 Tue Feb 2024 | 38.03 | 37.98 | 38.25 | 37.83 | 1.14 times |
05 Mon Feb 2024 | 37.94 | 38.80 | 38.84 | 37.81 | 1.529 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 39.4, but if it comes below 39.4, then a intra day sell could be more profitable.
If you take a sell trade below 39.4, then use 39.4 as stoploss and 38.62 as target. However if you take a buy trade in stock , then use 39.4 as stoploss and 40.4 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 | 37.20 |
Downside Target | 38.84 |
Downside Target | 39.47 |
Upside Target | 39.59 |
Upside Target | 39.73 |
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 | 37.95 |
Downside Intraday Target | 36.38 |
Upside Intraday Target | 40.34 |
Upside Intraday Target | 41.16 |
Downside Intraday Target | 38.77 |
Weekly technical analysis of Transcanada Corporation (TRP)
Date | Weekly Closing Price | Open | High | Low | Volume |
16 Fri Feb 2024 | 39.52 | 37.60 | 39.59 | 37.20 | 0.783 times |
09 Fri Feb 2024 | 37.53 | 38.80 | 38.84 | 37.31 | 1.63 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 |
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 |
16 Fri Feb 2024 | 39.52 | 39.55 | 40.02 | 37.20 | 0.623 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 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 neutral. A longer time frame might give a better analysis.
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 BUY signal for Transcanada Corporation in short term but the buy 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 red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining 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 38.04 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 rising upwards.
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 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 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 neutral. A longer time frame might give a better analysis.
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 BUY signal for Transcanada Corporation in short term but the buy 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 red color and prices are in or above the red 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 BUY signal in short term and the buying is gaining 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 38.04 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 rising upwards.
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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.