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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 2024-02-27 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2421700

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	39.44	39.56	39.71	39.26	0.477 times
26 Mon Feb 2024	39.29	39.73	39.83	39.14	0.9 times
23 Fri Feb 2024	39.76	39.84	39.94	39.53	0.532 times
22 Thu Feb 2024	39.87	39.83	39.98	39.62	1.705 times
21 Wed Feb 2024	39.83	39.79	40.13	39.60	0.999 times
20 Tue Feb 2024	39.69	39.48	39.94	39.46	1.173 times
16 Fri Feb 2024	39.52	39.20	39.59	39.00	1.375 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	0.671 times
13 Tue Feb 2024	37.56	38.15	38.26	37.20	1.214 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 38.81. 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	37.20
Upside Target	39.46
Upside Target	39.59
Upside Target	39.83
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	39.11
Downside Intraday Target	38.78
Upside Intraday Target	39.8
Upside Intraday Target	40.16
Upside Intraday Target	39.47

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	39.44	39.73	39.83	39.14	0.312 times
23 Fri Feb 2024	39.76	39.48	40.13	39.46	0.94 times
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

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
27 Tue Feb 2024	39.44	39.55	40.13	37.20	0.913 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short to mid 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Transcanada Corporation in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Transcanada Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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 39.17 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.