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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 2024-08-27 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 2008767

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	45.68	45.32	45.70	45.32	0.533 times
26 Mon Aug 2024	45.44	45.46	45.68	45.38	0.59 times
23 Fri Aug 2024	45.07	44.87	45.17	44.76	0.76 times
22 Thu Aug 2024	44.46	44.06	44.54	44.06	0.91 times
21 Wed Aug 2024	44.15	44.55	44.76	43.92	1.191 times
20 Tue Aug 2024	44.49	44.82	45.01	44.44	0.806 times
19 Mon Aug 2024	44.89	44.49	44.96	44.44	0.962 times
16 Fri Aug 2024	44.40	43.83	44.48	43.69	0.988 times
15 Thu Aug 2024	43.81	43.68	43.86	43.62	1.493 times
14 Wed Aug 2024	43.67	43.93	43.99	43.59	0.769 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 45.9, for a target of 44.8 or 43.84

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	37.07
Downside Target	39.31
Downside Target	40.25
Downside Target	42.72
Downside Target	43.71
Downside Target	43.92
Downside Target	44.48
Downside Target	45.17
Downside Target	45.32
Upside Target	45.70

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	45.43
Downside Intraday Target	45.19
Upside Intraday Target	45.81
Upside Intraday Target	45.95
Downside Intraday Target	45.57

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	45.68	45.46	45.70	45.32	0.243 times
23 Fri Aug 2024	45.07	44.49	45.17	43.92	0.85 times
16 Fri Aug 2024	44.40	43.39	44.48	43.39	0.974 times
09 Fri Aug 2024	43.30	41.15	43.71	41.08	1.035 times
02 Fri Aug 2024	42.77	41.90	43.41	41.69	0.83 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
27 Tue Aug 2024	45.68	42.41	45.70	41.08	0.595 times
31 Wed Jul 2024	42.41	37.93	42.72	37.07	1.038 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

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 losing 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying 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 44.47 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.