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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 2024-07-08 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 3828680

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	37.48	37.73	37.82	37.40	1.634 times
05 Fri Jul 2024	37.87	38.30	38.37	37.77	1.363 times
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.215 times
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.215 times
02 Tue Jul 2024	37.75	37.59	38.17	37.54	2.524 times
01 Mon Jul 2024	37.56	37.93	38.16	37.52	0.459 times
28 Fri Jun 2024	37.90	37.80	37.99	37.40	0.995 times
27 Thu Jun 2024	38.55	38.77	38.77	38.44	1.571 times
26 Wed Jun 2024	38.53	39.02	39.25	38.40	0.85 times
25 Tue Jun 2024	39.20	39.01	39.23	38.69	0.284 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 37.8, but if it comes above 37.8, then a intra day buy could be more profitable.
If you take a sell trade below 37.8, then use 37.8 as stoploss and 37.2 as target. However if you take a buy trade in stock , then use 37.8 as stoploss and 38.34 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.40
Upside Target	38.60
Upside Target	38.92
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	37.31
Downside Intraday Target	37.15
Upside Intraday Target	37.73
Upside Intraday Target	37.99
Upside Intraday Target	37.57

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	37.48	37.73	37.82	37.40	1.035 times
05 Fri Jul 2024	37.87	37.93	38.60	37.77	0.493 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

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
08 Mon Jul 2024	37.48	37.93	38.60	37.40	0.386 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 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 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 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 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 gaining momentum.

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

Transcanada Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 37.98 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.