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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 2024-05-31 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2196012

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	38.56	37.98	38.59	37.90	0.992 times
30 Thu May 2024	37.88	37.68	38.08	37.68	2.215 times
29 Wed May 2024	37.59	38.03	38.04	37.50	2.183 times
28 Tue May 2024	38.31	38.49	38.55	38.11	0.669 times
24 Fri May 2024	38.39	38.25	38.55	38.25	0.527 times
23 Thu May 2024	38.12	38.94	39.00	38.06	0.982 times
22 Wed May 2024	38.83	38.97	39.09	38.61	0.815 times
21 Tue May 2024	39.16	39.00	39.31	38.83	0.901 times
20 Mon May 2024	39.06	38.91	39.10	38.73	0.486 times
17 Fri May 2024	38.91	39.13	39.20	38.84	0.618 times

My analysis of stock is bullish for shortterm, and stock might move up till 38.9 or till 39.6. Use a stoploss of 38.38 and if this stock hits its stoploss, then it can fall down till 37.84

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	37.84
Downside Intraday Target	37.13
Upside Intraday Target	38.93
Upside Intraday Target	39.31
Downside Intraday Target	38.22

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	38.56	38.49	38.59	37.50	1.633 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Transcanada Corporation (TRP)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	38.56	35.86	39.31	35.54	0.592 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 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Transcanada Corporation in short term but the sell 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Transcanada Corporation in short term but BUY 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

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 38.26 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 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.