Technical Analysis for TRP - TransCanada Corporation

Grade Last Price % Change Price Change
B 52.950 -0.56% -0.300
TRP closed down 0.56 percent on Friday, May 17, 2024, on 27 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
Cup with Handle Other 0.00%
Overbought Stochastic Strength 0.00%
Overbought Stochastic Strength -0.56%
Up 3 Days in a Row Strength -0.56%
Up 4 Days in a Row Strength -0.56%
Up 5 Days in a Row Strength -0.56%
NR7 Range Contraction -0.04%
Narrow Range Bar Range Contraction -0.04%
Gapped Up Strength -0.04%

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Profile

TransCanada Corporation Description

TransCanada Corporation is an energy infrastructure company. The Company is engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy. The Company operates in three businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. The Natural Gas Pipelines and Liquids Pipelines segments principally consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. The Energy segment includes its power operations and the non-regulated natural gas storage business in Canada. TransCanada PipeLines Limited (TCPL) is its principal operating subsidiary.


Classification

Sector: Energy
Industry: Oil & Gas Midstream
Keywords: Energy Natural Gas S&P/Tsx 60 Index Infrastructure Pipe Storage Pipeline Liquids Energy Infrastructure Energy Segment Gas Storage Natural Gas Storage Natural Gas Pipeline Transcanada Corporation

Is TRP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 55.01
52 Week Low 41.3831
Average Volume 8,154,219
200-Day Moving Average 49.481
50-Day Moving Average 51.833
20-Day Moving Average 50.985
10-Day Moving Average 52.462
Average True Range 0.692
RSI (14) 67.00
ADX 32.85
+DI 27.183
-DI 13.110
Chandelier Exit (Long, 3 ATRs) 51.303
Chandelier Exit (Short, 3 ATRs) 50.197
Upper Bollinger Bands 54.212
Lower Bollinger Band 47.757
Percent B (%b) 0.8
BandWidth 12.660
MACD Line 0.593
MACD Signal Line 0.231
MACD Histogram 0.3612
Fundamentals Value
Market Cap 49.77 Billion
Num Shares 940 Million
EPS 4.73
Price-to-Earnings (P/E) Ratio 11.20
Price-to-Sales 4.21
Price-to-Book 1.94
PEG Ratio 2.97
Dividend 3.24
Dividend Yield 6.12%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 53.670
Resistance 3 (R3) 53.723 53.537 53.550
Resistance 2 (R2) 53.537 53.353 53.510 53.510
Resistance 1 (R1) 53.243 53.240 53.150 53.190 53.470
Pivot Point 53.057 53.057 53.010 53.030 53.057
Support 1 (S1) 52.763 52.873 52.670 52.710 52.430
Support 2 (S2) 52.577 52.760 52.550 52.390
Support 3 (S3) 52.283 52.577 52.350
Support 4 (S4) 52.230