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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 2024-03-08 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 1527940

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	40.24	40.45	40.45	40.05	2.214 times
07 Thu Mar 2024	40.27	40.17	40.40	40.11	1.041 times
06 Wed Mar 2024	40.04	40.26	40.35	39.97	1.326 times
05 Tue Mar 2024	39.92	39.81	40.23	39.70	0.896 times
04 Mon Mar 2024	39.78	39.87	39.93	39.66	1.118 times
01 Fri Mar 2024	39.75	39.44	39.98	39.44	0.877 times
29 Thu Feb 2024	39.55	39.49	39.76	39.32	1.188 times
28 Wed Feb 2024	39.35	39.28	39.41	39.16	0.528 times
27 Tue Feb 2024	39.44	39.56	39.71	39.26	0.756 times
26 Mon Feb 2024	39.29	39.73	39.83	39.14	1.427 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 40.2, but if it comes below 40.2, then a intra day sell could be more profitable.
If you take a sell trade below 40.2, then use 40.2 as stoploss and 39.29 as target. However if you take a buy trade in stock , then use 40.2 as stoploss and 41.2 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.34
Downside Target	37.20
Downside Target	39.59
Downside Target	39.66
Downside Target	39.98
Downside Target	40.13
Upside Target	40.29
Upside Target	40.45
Upside Target	40.63

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	39.78
Downside Intraday Target	39.33
Upside Intraday Target	40.57
Upside Intraday Target	40.91
Downside Intraday Target	40.12

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Mar 2024	40.24	39.87	40.45	39.66	1.381 times
01 Fri Mar 2024	39.75	39.73	39.98	39.14	0.683 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

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
08 Fri Mar 2024	40.24	39.44	40.45	39.44	0.245 times
29 Thu Feb 2024	39.55	39.55	40.13	37.20	0.967 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

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 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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Transcanada Corporation in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 39.83 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 positive

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