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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 2024-07-12 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 3632110

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	39.01	39.00	39.19	38.90	0.697 times
11 Thu Jul 2024	38.84	38.61	39.24	38.46	0.753 times
10 Wed Jul 2024	38.46	37.52	38.50	37.41	0.663 times
09 Tue Jul 2024	37.49	37.45	37.59	37.07	0.777 times
08 Mon Jul 2024	37.48	37.73	37.82	37.40	1.723 times
05 Fri Jul 2024	37.87	38.30	38.37	37.77	1.437 times
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.227 times
03 Wed Jul 2024	38.17	37.93	38.60	37.89	0.227 times
02 Tue Jul 2024	37.75	37.59	38.17	37.54	2.661 times
01 Mon Jul 2024	37.56	37.93	38.16	37.52	0.484 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.8, but if it comes below 38.8, then a intra day sell could be more profitable.
If you take a sell trade below 38.8, then use 38.8 as stoploss and 38.26 as target. However if you take a buy trade in stock , then use 38.8 as stoploss and 39.4 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.07
Downside Target	38.60
Downside Target	38.92
Upside Target	39.24
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	37.64
Downside Intraday Target	36.27
Upside Intraday Target	39.81
Upside Intraday Target	40.61
Downside Intraday Target	38.44

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	39.01	37.73	39.24	37.07	2.772 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 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
12 Fri Jul 2024	39.01	37.93	39.24	37.07	0.551 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 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 BUY. Signal strength is Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Transcanada Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Transcanada Corporation in short term and BUY 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 37.93 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.