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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 2024-04-05 View latest technical analysis

10 day averaged volume of Transcanada Corporation is 5158980

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	38.21	38.55	38.67	38.05	0.506 times
04 Thu Apr 2024	38.74	39.39	39.55	38.67	0.408 times
03 Wed Apr 2024	39.24	40.10	40.24	39.24	0.825 times
02 Tue Apr 2024	39.99	40.29	40.52	39.80	0.712 times
01 Mon Apr 2024	40.27	40.23	40.30	39.94	1.776 times
28 Thu Mar 2024	40.20	39.79	40.28	39.69	0.33 times
27 Wed Mar 2024	39.64	39.71	39.80	38.92	1.935 times
26 Tue Mar 2024	40.41	40.51	40.64	40.40	1.527 times
25 Mon Mar 2024	40.50	40.40	40.72	40.40	1.039 times
22 Fri Mar 2024	40.40	40.45	40.50	40.20	0.356 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 38.7, for a target of 39.4 or 40.08

Share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Target	37.20
Upside Target	40.29
Upside Target	40.45
Upside Target	40.52
Upside Target	40.59
Upside Target	40.63
Upside Target	40.72
Upside Target	41.03

Intraday share price targets for Transcanada Corporation (TRP)

Target Type	Value
Downside Intraday Target	37.33
Downside Intraday Target	36.46
Upside Intraday Target	39.8
Upside Intraday Target	41.4
Upside Intraday Target	38.93

Weekly technical analysis of Transcanada Corporation (TRP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	38.21	40.23	40.52	38.05	0.875 times
28 Thu Mar 2024	40.20	40.40	40.72	38.92	1.834 times
22 Fri Mar 2024	40.40	40.21	40.59	39.95	0.839 times
15 Fri Mar 2024	40.21	40.25	41.03	40.06	1.608 times
08 Fri Mar 2024	40.24	39.87	40.45	39.66	1.381 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
05 Fri Apr 2024	38.21	40.23	40.52	38.05	0.33 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
31 Wed Jan 2024	39.43	39.00	40.29	38.28	0.795 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 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 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Transcanada Corporation stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Transcanada Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 SELL signal for Transcanada Corporation in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Transcanada Corporation is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 39.9 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.