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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 2024-07-31 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2347958

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	42.41	42.09	42.72	42.00	0.777 times
30 Tue Jul 2024	41.94	41.91	41.97	41.69	0.676 times
29 Mon Jul 2024	41.89	41.90	42.31	41.76	0.8 times
26 Fri Jul 2024	41.97	41.59	41.98	41.43	1.205 times
25 Thu Jul 2024	41.49	41.44	42.04	41.25	1.373 times
24 Wed Jul 2024	41.40	41.48	41.88	41.26	1.016 times
23 Tue Jul 2024	41.40	41.63	41.63	41.21	1.084 times
22 Mon Jul 2024	41.69	41.08	41.69	40.99	0.897 times
19 Fri Jul 2024	41.09	40.20	41.15	40.15	1.109 times
18 Thu Jul 2024	40.32	40.09	40.37	39.96	0.693 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.7, but if it comes below 41.7, then a intra day sell could be more profitable.
If you take a sell trade below 41.7, then use 41.7 as stoploss and 40.1 as target. However if you take a buy trade in stock , then use 41.7 as stoploss and 43.7 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.07
Downside Target	38.60
Downside Target	40.25
Downside Target	40.52
Downside Target	40.99
Downside Target	41.03
Downside Target	41.15
Downside Target	41.69
Downside Target	42.04
Upside Target	42.72

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	41.83
Downside Intraday Target	41.24
Upside Intraday Target	42.86
Upside Intraday Target	43.3
Downside Intraday Target	42.27

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	42.41	41.90	42.72	41.69	0.404 times
26 Fri Jul 2024	41.97	41.08	42.04	40.99	1.037 times
19 Fri Jul 2024	41.09	39.16	41.15	38.91	0.753 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

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
31 Wed Jul 2024	42.41	37.93	42.72	37.07	1.038 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 41.56 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.