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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 2024-06-28 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2698350

Date	Daily Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	37.90	37.80	37.99	37.40	1.411 times
27 Thu Jun 2024	38.55	38.77	38.77	38.44	2.229 times
26 Wed Jun 2024	38.53	39.02	39.25	38.40	1.206 times
25 Tue Jun 2024	39.20	39.01	39.23	38.69	0.403 times
24 Mon Jun 2024	39.11	38.76	39.40	38.71	2.161 times
21 Fri Jun 2024	38.49	38.17	38.58	38.03	0.845 times
20 Thu Jun 2024	38.16	38.06	38.32	37.85	0.777 times
18 Tue Jun 2024	38.11	38.27	38.55	38.07	0.55 times
18 Tue Jun 2024	38.11	38.27	38.55	38.07	0.55 times
17 Mon Jun 2024	38.20	38.65	38.65	38.19	0.762 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 38.2, but if it comes above 38.2, then a intra day buy could be more profitable.
If you take a sell trade below 38.2, then use 38.2 as stoploss and 37.5 as target. However if you take a buy trade in stock , then use 38.2 as stoploss and 38.76 as target.

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	37.07
Downside Intraday Target	36.23
Upside Intraday Target	39.07
Upside Intraday Target	40.23
Upside Intraday Target	38.23

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Fri Jun 2024	37.90	38.76	39.40	37.40	3.411 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 down 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
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
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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining 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. Bears 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 and SELL 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 38.5 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.