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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 2024-09-13 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 3066106

Date	Daily Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	46.55	46.36	46.61	46.14	0.885 times
12 Thu Sep 2024	46.09	45.94	46.20	45.39	1.382 times
11 Wed Sep 2024	45.88	45.79	45.95	45.22	1.479 times
10 Tue Sep 2024	45.79	47.00	47.07	45.36	1.033 times
09 Mon Sep 2024	47.07	46.79	47.39	46.79	1.481 times
06 Fri Sep 2024	46.69	46.82	47.24	46.33	0.824 times
05 Thu Sep 2024	46.78	46.76	47.19	46.63	1.015 times
04 Wed Sep 2024	46.55	46.12	46.69	46.12	0.894 times
03 Tue Sep 2024	46.24	45.88	46.35	45.64	0.512 times
30 Fri Aug 2024	46.34	45.47	46.40	45.47	0.677 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 46.6 as stoploss in an intra day sell trade for a target of 45.79. However, stock will show a bullish move above 46.6.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	35.54
Downside Target	37.07
Downside Target	39.31
Downside Target	40.25
Downside Target	41.08
Downside Target	42.72
Downside Target	43.92
Downside Target	45.17
Downside Target	46.40
Upside Target	47.24
Upside Target	47.39

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	45.38
Downside Intraday Target	44.22
Upside Intraday Target	47.55
Upside Intraday Target	48.56
Downside Intraday Target	46.39

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Fri Sep 2024	46.55	46.79	47.39	45.22	1.93 times
06 Fri Sep 2024	46.69	45.88	47.24	45.64	4.792 times
30 Fri Aug 2024	46.34	45.47	46.40	45.47	0.307 times
30 Fri Aug 2024	46.34	45.46	46.40	45.24	0.728 times
23 Fri Aug 2024	45.07	44.49	45.17	43.92	0.85 times

Price has moved down 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
13 Fri Sep 2024	46.55	45.88	47.39	45.22	0.635 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
28 Fri Jun 2024	37.90	38.45	40.25	37.40	1.127 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 Weak and stock is gaining momentum.

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

Transcanada Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 SELL signal in short term but selling is losing 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 46.39 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.