Technical Analysis for TRP - TransCanada Corporation

Grade Last Price % Change Price Change
A 58.040 1.15% 0.660
TRP closed up 1.15 percent on Friday, July 26, 2024, on 73 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Earnings Movers Other 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 1.15%
New 52 Week High Strength 1.15%
Upper Bollinger Band Walk Strength 1.15%
Earnings Movers Other 1.15%
Overbought Stochastic Strength 1.15%

   Recent Intraday Alerts

Alert Time
Up 1% about 10 hours ago
Possible Inside Day about 10 hours ago
Possible NR7 about 10 hours ago
Up 1 ATR 1 day ago
Upper Bollinger Band Resistance 1 day ago

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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 58.05
52 Week Low 42.3689
Average Volume 7,509,937
200-Day Moving Average 50.432
50-Day Moving Average 52.837
20-Day Moving Average 54.090
10-Day Moving Average 56.164
Average True Range 0.811
RSI (14) 80.95
ADX 35.3
+DI 43.177
-DI 9.656
Chandelier Exit (Long, 3 ATRs) 55.619
Chandelier Exit (Short, 3 ATRs) 53.022
Upper Bollinger Bands 58.791
Lower Bollinger Band 49.388
Percent B (%b) 0.92
BandWidth 17.385
MACD Line 1.510
MACD Signal Line 1.066
MACD Histogram 0.4438
Fundamentals Value
Market Cap 54.56 Billion
Num Shares 940 Million
EPS 4.73
Price-to-Earnings (P/E) Ratio 12.27
Price-to-Sales 4.21
Price-to-Book 1.94
PEG Ratio 2.97
Dividend 3.24
Dividend Yield 5.58%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 59.090
Resistance 3 (R3) 58.977 58.513 58.915
Resistance 2 (R2) 58.513 58.246 58.570 58.857
Resistance 1 (R1) 58.277 58.081 58.395 58.390 58.798
Pivot Point 57.813 57.813 57.873 57.870 57.813
Support 1 (S1) 57.577 57.546 57.695 57.690 57.282
Support 2 (S2) 57.113 57.381 57.170 57.223
Support 3 (S3) 56.877 57.113 57.165
Support 4 (S4) 56.990