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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 2024-06-26 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2343660

Date	Daily Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	38.53	39.02	39.25	38.40	1.389 times
25 Tue Jun 2024	39.20	39.01	39.23	38.69	0.463 times
24 Mon Jun 2024	39.11	38.76	39.40	38.71	2.488 times
21 Fri Jun 2024	38.49	38.17	38.58	38.03	0.973 times
20 Thu Jun 2024	38.16	38.06	38.32	37.85	0.895 times
18 Tue Jun 2024	38.11	38.27	38.55	38.07	0.633 times
18 Tue Jun 2024	38.11	38.27	38.55	38.07	0.633 times
17 Mon Jun 2024	38.20	38.65	38.65	38.19	0.878 times
14 Fri Jun 2024	38.75	38.70	38.86	38.29	0.595 times
13 Thu Jun 2024	38.94	39.06	39.20	38.84	1.098 times

My analysis of stock is bearish for shortterm, and stock might move down till 38.2 or till 37.5. Use a stoploss of 38.76 and if the stock hits stoploss, then it can shoot up till 39.33

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.20
Upside Target	38.92
Upside Target	39.31
Upside Target	39.40
Upside Target	39.52
Upside 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	38.15
Downside Intraday Target	37.78
Upside Intraday Target	39.15
Upside Intraday Target	39.78
Upside Intraday Target	38.78

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Wed Jun 2024	38.53	38.76	39.40	38.40	1.735 times
21 Fri Jun 2024	38.49	38.27	38.58	37.85	1.655 times
18 Tue Jun 2024	38.11	38.65	38.65	38.07	0.286 times
14 Fri Jun 2024	38.75	39.40	39.52	38.29	0.568 times
07 Fri Jun 2024	39.37	38.45	40.25	37.93	1.642 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
26 Wed Jun 2024	38.53	38.45	40.25	37.85	0.953 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 down 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 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 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 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.

Transcanada Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 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 38.64 and Transcanada Corporation (TRP) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.