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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 2024-07-03 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 3661950

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.225 times
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.225 times
02 Tue Jul 2024	37.75	37.59	38.17	37.54	2.639 times
01 Mon Jul 2024	37.56	37.93	38.16	37.52	0.48 times
28 Fri Jun 2024	37.90	37.80	37.99	37.40	1.04 times
27 Thu Jun 2024	38.55	38.77	38.77	38.44	1.642 times
26 Wed Jun 2024	38.53	39.02	39.25	38.40	0.889 times
25 Tue Jun 2024	39.20	39.01	39.23	38.69	0.297 times
24 Mon Jun 2024	39.11	38.76	39.40	38.71	1.592 times
21 Fri Jun 2024	38.49	38.17	38.58	38.03	0.623 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 38 as stoploss in an intra day buy trade for a target of 38.5. However, stock will show a bearish move below 38.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.40
Upside Target	38.60
Upside Target	38.65
Upside Target	38.92
Upside Target	39.31
Upside Target	39.40
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	37.84
Downside Intraday Target	37.51
Upside Intraday Target	38.55
Upside Intraday Target	38.93
Upside Intraday Target	38.22

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.067 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
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

Price has moved down 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
03 Wed Jul 2024	38.17	37.93	38.60	37.52	0.205 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Transcanada Corporation ( (TRP) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is losing momentum.

MACD generated a SELL signal for Transcanada Corporation in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Transcanada Corporation in short term

RSI is generating a SELL signal in short term but selling is losing 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 38.3 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 is giving positive 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.