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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 2024-06-06 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 3114560

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	40.14	39.76	40.25	39.67	1.785 times
05 Wed Jun 2024	39.80	38.76	39.93	38.67	1.347 times
04 Tue Jun 2024	38.61	38.30	38.70	37.97	1.591 times
03 Mon Jun 2024	38.38	38.45	38.55	37.93	1.151 times
31 Fri May 2024	38.56	37.98	38.59	37.90	0.699 times
30 Thu May 2024	37.88	37.68	38.08	37.68	1.562 times
29 Wed May 2024	37.59	38.03	38.04	37.50	1.539 times
28 Tue May 2024	38.31	38.49	38.55	38.11	0.471 times
24 Fri May 2024	38.39	38.25	38.55	38.25	0.372 times
23 Thu May 2024	38.12	38.94	39.00	38.06	0.692 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 40, for a target of 39.3 or 38.7

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.20
Downside Target	38.92
Downside Target	39.21
Downside Target	39.31
Downside Target	40.13
Upside Target	40.25
Upside Target	40.52
Upside Target	41.03

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	38.63
Downside Intraday Target	37.12
Upside Intraday Target	40.95
Upside Intraday Target	41.76
Downside Intraday Target	39.44

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	40.14	38.45	40.25	37.93	1.375 times
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

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
06 Thu Jun 2024	40.14	38.45	40.25	37.93	0.324 times
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

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 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 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 BUY. Signal strength is Strong and stock is gaining 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 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 but buying is losing 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 38.68 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.