Technical Analysis for TRP - TransCanada Corporation

Grade Last Price % Change Price Change
B 53.920 0.45% 0.240
TRP closed up 0.45 percent on Friday, March 1, 2024, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Three Weeks Tight Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Pocket Pivot Bullish Swing Setup 0.45%
Stochastic Reached Overbought Strength 0.45%
Overbought Stochastic Strength 0.45%
Up 3 Days in a Row Strength 0.45%
NR7 Range Contraction 0.99%

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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 54.9577
52 Week Low 42.1195
Average Volume 5,400,304
200-Day Moving Average 49.799
50-Day Moving Average 52.533
20-Day Moving Average 52.401
10-Day Moving Average 53.572
Average True Range 0.714
RSI (14) 61.83
ADX 23.97
+DI 29.987
-DI 15.138
Chandelier Exit (Long, 3 ATRs) 52.058
Chandelier Exit (Short, 3 ATRs) 52.412
Upper Bollinger Bands 54.940
Lower Bollinger Band 49.861
Percent B (%b) 0.8
BandWidth 9.694
MACD Line 0.442
MACD Signal Line 0.289
MACD Histogram 0.1526
Fundamentals Value
Market Cap 50.68 Billion
Num Shares 940 Million
EPS 4.73
Price-to-Earnings (P/E) Ratio 11.40
Price-to-Sales 4.21
Price-to-Book 1.94
PEG Ratio 2.97
Dividend 3.24
Dividend Yield 6.01%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.685
Resistance 3 (R3) 54.687 54.433 54.558
Resistance 2 (R2) 54.433 54.239 54.433 54.515
Resistance 1 (R1) 54.177 54.118 54.305 54.175 54.472
Pivot Point 53.923 53.923 53.988 53.923 53.923
Support 1 (S1) 53.667 53.729 53.795 53.665 53.368
Support 2 (S2) 53.413 53.608 53.413 53.325
Support 3 (S3) 53.157 53.413 53.283
Support 4 (S4) 53.155