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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 2024-11-08 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 1637970

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	48.76	49.50	49.50	48.48	1.38 times
07 Thu Nov 2024	49.68	48.61	50.22	48.42	1.567 times
06 Wed Nov 2024	48.33	47.70	48.35	47.27	1.653 times
05 Tue Nov 2024	47.44	46.90	47.54	46.83	0.574 times
04 Mon Nov 2024	46.92	46.32	46.96	46.32	0.978 times
01 Fri Nov 2024	46.30	46.76	47.04	46.09	0.741 times
31 Thu Oct 2024	46.51	46.12	46.83	46.01	0.923 times
30 Wed Oct 2024	46.47	46.30	46.54	46.06	1.132 times
29 Tue Oct 2024	46.29	46.66	46.79	45.94	0.817 times
28 Mon Oct 2024	46.79	46.98	47.17	46.66	0.782 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 48.1, but if it comes below 48.1, then a intra day sell could be more profitable.
If you take a sell trade below 48.1, then use 48.1 as stoploss and 47.3 as target. However if you take a buy trade in stock , then use 48.1 as stoploss and 49.1 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	37.07
Downside Target	41.08
Downside Target	42.72
Downside Target	45.83
Downside Target	46.60
Downside Target	47.17
Downside Target	48.14
Downside Target	48.20
Downside Target	48.25
Downside Target	48.42
Upside Target	50.22

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	46.65
Downside Intraday Target	44.53
Upside Intraday Target	50.55
Upside Intraday Target	52.33
Downside Intraday Target	48.43

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	48.76	46.32	50.22	46.32	1.4 times
01 Fri Nov 2024	46.30	46.98	47.17	45.94	1.117 times
25 Fri Oct 2024	47.26	48.04	48.25	46.60	0.436 times
18 Fri Oct 2024	48.10	45.90	48.20	45.83	0.856 times
11 Fri Oct 2024	45.67	45.05	45.93	44.14	1.15 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
08 Fri Nov 2024	48.76	46.76	50.22	46.09	0.199 times
31 Thu Oct 2024	46.51	47.62	48.42	43.39	0.869 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

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 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 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 47.63 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.