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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 2024-09-06 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 1779541

Date	Daily Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	46.69	46.82	47.24	46.33	1.419 times
05 Thu Sep 2024	46.78	46.76	47.19	46.63	1.749 times
04 Wed Sep 2024	46.55	46.12	46.69	46.12	1.54 times
03 Tue Sep 2024	46.24	45.88	46.35	45.64	0.882 times
30 Fri Aug 2024	46.34	45.47	46.40	45.47	1.167 times
30 Fri Aug 2024	46.34	45.47	46.40	45.47	1.211 times
29 Thu Aug 2024	45.75	45.51	45.82	45.32	0.753 times
28 Wed Aug 2024	45.45	45.54	45.73	45.24	0.573 times
27 Tue Aug 2024	45.68	45.32	45.70	45.32	0.602 times
26 Mon Aug 2024	45.44	45.46	45.68	45.38	0.666 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 46.2, but if it comes below 46.2, then a intra day sell could be more profitable.
If you take a sell trade below 46.2, then use 46.2 as stoploss and 45.18 as target. However if you take a buy trade in stock , then use 46.2 as stoploss and 47.5 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	35.54
Downside Target	37.07
Downside Target	39.31
Downside Target	40.25
Downside Target	41.08
Downside Target	42.72
Downside Target	45.64
Downside Target	46.40
Upside Target	47.24

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	45.81
Downside Intraday Target	44.92
Upside Intraday Target	47.41
Upside Intraday Target	48.12
Downside Intraday Target	46.52

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Fri Sep 2024	46.69	45.88	47.24	45.64	4.792 times
30 Fri Aug 2024	46.34	45.47	46.40	45.47	0.307 times
30 Fri Aug 2024	46.34	45.46	46.40	45.24	0.728 times
23 Fri Aug 2024	45.07	44.49	45.17	43.92	0.85 times
16 Fri Aug 2024	44.40	43.39	44.48	43.39	0.974 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
06 Fri Sep 2024	46.69	45.88	47.24	45.64	0.217 times
30 Fri Aug 2024	46.34	42.41	46.40	41.08	0.695 times
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

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 losing momentum.

MACD generated a BUY signal for Transcanada Corporation in short term and the buy signal is strong.

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 coming down

CCI has generated a SELL signal for Transcanada Corporation in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 46.3 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.