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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 2024-05-29 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 1581679

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	37.59	38.03	38.04	37.50	3.031 times
28 Tue May 2024	38.31	38.49	38.55	38.11	0.928 times
24 Fri May 2024	38.39	38.25	38.55	38.25	0.732 times
23 Thu May 2024	38.12	38.94	39.00	38.06	1.363 times
22 Wed May 2024	38.83	38.97	39.09	38.61	1.132 times
21 Tue May 2024	39.16	39.00	39.31	38.83	1.251 times
20 Mon May 2024	39.06	38.91	39.10	38.73	0.675 times
17 Fri May 2024	38.91	39.13	39.20	38.84	0.858 times
16 Thu May 2024	39.12	39.02	39.21	38.79	0.839 times
15 Wed May 2024	38.95	38.91	39.10	38.71	0.753 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 bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 37.3 as stoploss in an intra day buy trade for a target of 38.17. However, stock will show a bearish move below 37.3.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.20
Upside Target	38.72
Upside Target	38.92
Upside Target	39.21
Upside Target	39.31
Upside Target	40.13
Upside Target	40.29
Upside Target	40.52
Upside Target	41.03

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	37.21
Downside Intraday Target	36.83
Upside Intraday Target	38.26
Upside Intraday Target	38.93
Upside Intraday Target	37.88

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	37.59	38.49	38.55	37.50	0.768 times
24 Fri May 2024	38.39	38.91	39.31	38.06	0.984 times
17 Fri May 2024	38.91	38.85	39.21	38.27	0.599 times
10 Fri May 2024	38.63	37.66	38.72	37.25	0.672 times
03 Fri May 2024	37.62	36.32	37.94	35.38	1.275 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
29 Wed May 2024	37.59	35.86	39.31	35.54	0.518 times
30 Tue Apr 2024	35.85	40.23	40.52	34.95	1.443 times
28 Thu Mar 2024	40.20	39.44	41.03	38.92	1.416 times
29 Thu Feb 2024	39.55	39.55	40.13	37.20	0.967 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 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 to mid 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 mid to longer 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.

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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green 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 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 38.44 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 positive

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