Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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.

10 day averaged volume of Transcanada Corporation is 2464037

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	38.91	39.13	39.20	38.84	0.551 times
16 Thu May 2024	39.12	39.02	39.21	38.79	0.538 times
15 Wed May 2024	38.95	38.91	39.10	38.71	0.483 times
14 Tue May 2024	38.72	38.91	38.95	38.31	0.943 times
13 Mon May 2024	38.63	38.85	38.85	38.27	0.844 times
10 Fri May 2024	38.63	38.42	38.72	38.41	1.077 times
09 Thu May 2024	38.20	37.98	38.21	37.87	1.178 times
08 Wed May 2024	37.87	37.29	37.91	37.25	1.193 times
07 Tue May 2024	37.50	37.79	37.87	37.45	1.006 times
06 Mon May 2024	37.62	37.66	37.98	37.46	1.157 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 38.5, but if it comes below 38.5, then a intra day sell could be more profitable.
If you take a sell trade below 38.5, then use 38.5 as stoploss and 37.29 as target. However if you take a buy trade in stock , then use 38.5 as stoploss and 40 as target.

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	34.95
Downside Target	36.30
Downside Target	38.28
Downside Target	38.72
Upside Target	38.92
Upside Target	39.21
Upside Target	40.13
Upside Target	40.29
Upside Target	40.52
Upside Target	41.03

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	38.38
Downside Intraday Target	37.86
Upside Intraday Target	39.32
Upside Intraday Target	39.74
Downside Intraday Target	38.8

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	38.91	38.85	39.21	38.27	0.599 times
10 Fri May 2024	38.63	37.66	38.72	37.25	0.672 times
03 Fri May 2024	37.62	36.32	37.94	35.38	1.275 times
26 Fri Apr 2024	36.10	35.80	36.30	35.48	0.562 times
19 Fri Apr 2024	35.70	36.22	36.48	34.95	1.355 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
17 Fri May 2024	38.91	35.86	39.21	35.54	0.367 times
30 Tue Apr 2024	35.85	40.23	40.52	34.95	1.443 times
28 Thu Mar 2024	40.20	39.44	41.03	38.92	1.416 times
29 Thu Feb 2024	39.55	39.55	40.13	37.20	0.967 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal in short term and the buying is gaining 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 38.29 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.