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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 2024-10-07 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 3049980

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	44.86	45.05	45.37	44.59	1.746 times
04 Fri Oct 2024	45.11	44.26	45.19	44.10	1.41 times
03 Thu Oct 2024	44.35	44.02	44.47	43.39	0.682 times
02 Wed Oct 2024	44.03	44.46	44.73	43.43	1.212 times
01 Tue Oct 2024	48.37	47.62	48.42	47.47	0.754 times
30 Mon Sep 2024	47.55	46.96	47.70	46.87	0.859 times
27 Fri Sep 2024	46.76	47.31	47.35	46.31	0.546 times
26 Thu Sep 2024	47.90	47.58	48.14	47.41	1.018 times
25 Wed Sep 2024	47.85	47.09	47.86	47.07	2.217 times
24 Tue Sep 2024	47.02	47.31	47.42	46.73	0.573 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 45.1, but if it comes above 45.1, then a intra day buy could be more profitable.
If you take a sell trade below 45.1, then use 45.1 as stoploss and 43.7 as target. However if you take a buy trade in stock , then use 45.1 as stoploss and 46.28 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	37.07
Downside Target	40.25
Downside Target	41.08
Downside Target	42.72
Downside Target	44.59
Upside Target	46.31
Upside Target	46.40
Upside Target	47.00
Upside Target	47.39
Upside Target	48.14
Upside Target	48.42

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	44.51
Downside Intraday Target	44.16
Upside Intraday Target	45.29
Upside Intraday Target	45.72
Upside Intraday Target	44.94

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	44.86	45.05	45.37	44.59	0.355 times
04 Fri Oct 2024	45.11	46.96	48.42	43.39	0.967 times
27 Fri Sep 2024	46.76	46.39	48.14	46.31	0.857 times
20 Fri Sep 2024	46.18	46.84	47.00	44.75	0.942 times
13 Fri Sep 2024	46.55	46.79	47.39	45.22	1.93 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
07 Mon Oct 2024	44.86	47.62	48.42	43.39	0.271 times
30 Mon Sep 2024	47.55	45.88	48.14	44.75	1.424 times
30 Fri Aug 2024	46.34	42.41	46.40	41.08	0.695 times
31 Wed Jul 2024	42.41	37.93	42.72	37.07	1.038 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 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 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 SELL. Signal strength is Strong and stock is losing momentum.

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

Transcanada Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Transcanada Corporation in short term but BUY signal is weak.

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 46.31 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.