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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 2024-10-15 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 3358360

Date	Daily Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	46.80	46.48	46.89	46.10	1.736 times
14 Mon Oct 2024	46.78	45.90	46.94	45.83	1.181 times
11 Fri Oct 2024	45.67	45.11	45.93	45.06	1.575 times
10 Thu Oct 2024	45.06	45.31	45.31	44.91	0.314 times
09 Wed Oct 2024	45.20	44.35	45.29	44.14	0.916 times
08 Tue Oct 2024	44.69	44.86	44.90	44.35	0.744 times
07 Mon Oct 2024	44.86	45.05	45.37	44.59	1.585 times
04 Fri Oct 2024	45.11	44.26	45.19	44.10	1.28 times
03 Thu Oct 2024	44.35	44.02	44.47	43.39	0.62 times
02 Wed Oct 2024	44.03	44.46	44.73	43.43	1.1 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 47.4 as stoploss in an intra day sell trade for a target of 46.11. However, stock will show a bullish move above 47.4.

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	45.83
Downside Target	46.40
Upside Target	46.94
Upside Target	47.00
Upside Target	48.14
Upside Target	48.42

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	46.11
Downside Intraday Target	45.41
Upside Intraday Target	47.22
Upside Intraday Target	47.63
Downside Intraday Target	46.52

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Tue Oct 2024	46.80	45.90	46.94	45.83	0.568 times
11 Fri Oct 2024	45.67	45.05	45.93	44.14	1.15 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

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
15 Tue Oct 2024	46.80	47.62	48.42	43.39	0.603 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 45.43 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 has given negative 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.