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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 2024-07-23 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2521865

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	41.40	41.63	41.63	41.21	1.009 times
22 Mon Jul 2024	41.69	41.08	41.69	40.99	0.835 times
19 Fri Jul 2024	41.09	40.20	41.15	40.15	1.032 times
18 Thu Jul 2024	40.32	40.09	40.37	39.96	0.645 times
17 Wed Jul 2024	40.06	39.90	40.45	39.85	1.068 times
16 Tue Jul 2024	39.93	39.46	39.94	39.33	1.129 times
15 Mon Jul 2024	39.17	39.16	39.42	38.91	1.13 times
12 Fri Jul 2024	39.01	39.00	39.19	38.90	1.003 times
11 Thu Jul 2024	38.84	38.61	39.24	38.46	1.085 times
10 Wed Jul 2024	38.46	37.52	38.50	37.41	0.955 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 41.8, for a target of 40.3 or 38.97

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.07
Downside Target	38.60
Downside Target	39.31
Downside Target	40.25
Downside Target	40.52
Downside Target	40.99
Downside Target	41.03
Downside Target	41.15
Upside Target	41.69

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	41.03
Downside Intraday Target	40.66
Upside Intraday Target	41.73
Upside Intraday Target	42.06
Downside Intraday Target	41.36

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	41.40	41.08	41.69	40.99	0.369 times
19 Fri Jul 2024	41.09	39.16	41.15	38.91	0.753 times
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

Price has moved up 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
23 Tue Jul 2024	41.40	37.93	41.69	37.07	0.822 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 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 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 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 gaining momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above 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 BUY signal in short term and the buying is gaining 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 39.95 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.