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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 2024-07-17 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2931530

Date	Daily Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	40.06	39.90	40.45	39.85	0.919 times
16 Tue Jul 2024	39.93	39.46	39.94	39.33	0.971 times
15 Mon Jul 2024	39.17	39.16	39.42	38.91	0.972 times
12 Fri Jul 2024	39.01	39.00	39.19	38.90	0.863 times
11 Thu Jul 2024	38.84	38.61	39.24	38.46	0.933 times
10 Wed Jul 2024	38.46	37.52	38.50	37.41	0.821 times
09 Tue Jul 2024	37.49	37.45	37.59	37.07	0.962 times
08 Mon Jul 2024	37.48	37.73	37.82	37.40	2.134 times
05 Fri Jul 2024	37.87	38.30	38.37	37.77	1.78 times
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.281 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 40.1, for a target of 39.2 or 38.5

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.07
Downside Target	38.60
Downside Target	39.24
Downside Target	39.31
Downside Target	39.40
Upside Target	40.25
Upside Target	40.45
Upside Target	40.52
Upside Target	41.03

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	39.16
Downside Intraday Target	38.27
Upside Intraday Target	40.7
Upside Intraday Target	41.35
Downside Intraday Target	39.81

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Wed Jul 2024	40.06	39.16	40.45	38.91	0.501 times
12 Fri Jul 2024	39.01	37.73	39.24	37.07	2.772 times
05 Fri Jul 2024	37.87	37.93	38.60	37.77	0.493 times
03 Wed Jul 2024	38.17	37.93	38.60	37.52	0.613 times
28 Fri Jun 2024	37.90	38.76	39.40	37.40	3.411 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
17 Wed Jul 2024	40.06	37.93	40.45	37.07	0.682 times
28 Fri Jun 2024	37.90	38.45	40.25	37.40	1.127 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

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 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 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 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 38.48 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.