Technical Analysis for TRP - TransCanada Corporation

Grade Last Price % Change Price Change
C 38.63 1.13% 0.43
TRP closed up 1.13 percent on Friday, May 10, 2024, on 71 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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
MACD Bullish Centerline Cross Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%

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Profile

TransCanada Corporation Description

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The Natural Gas Pipelines segment owns and operates energy infrastructure, including natural gas pipelines and regulated natural gas storage facilities. Its natural gas pipeline systems consist of a network of approximately 57,000 kilometers (kms) of wholly owned natural gas pipelines, and approximately 11,500 kms of partially owned natural gas pipelines; and regulated natural gas storage facilities with a total capacity of 250 billion cubic feet (Bcf). The Oil Pipelines segment owns and operates Keystone crude oil pipeline system comprising 3,467 kilometers transporting crude oil from Hardisty, Alberta to Wood River and Patoka in Illinois; and to Cushing in Oklahoma. The Energy segment engages in the acquisition, development, construction, ownership, and operation of electrical power generation plants; purchase and marketing of electricity; provision of electricity account services to energy and industrial customers; and development, construction, ownership, and operation of natural gas storage in Alberta, Canada. It owns, controls, or develops approximately 11,800 megawatts of generation capacity powered by natural gas, nuclear, coal, hydro, wind, and solar assets; and owns and controls approximately 156 Bcf of unregulated natural gas storage capacity. TransCanada Corporation was founded in 1951 and is headquartered in Calgary, Canada.


Classification

Sector: Energy
Industry: Oil & Gas Midstream
Keywords: Natural Gas Electricity Crude Oil S&P/Tsx 60 Index Energy Infrastructure Natural Gas Storage Gas Pipeline Natural Gas Pipeline Oil Pipeline Pipeline Systems Crude Oil Pipeline Gas Storage Facilities Natural Gas Storage Facilities Crude Oil Pipeline System Gas Pipeline System Natural Gas Pipeline System Natural Gas Pipeline Systems

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 40.52
52 Week Low 31.2743
Average Volume 3,763,704
200-Day Moving Average 36.34
50-Day Moving Average 38.08
20-Day Moving Average 36.44
10-Day Moving Average 37.14
Average True Range 0.62
RSI (14) 66.44
ADX 30.16
+DI 30.91
-DI 19.30
Chandelier Exit (Long, 3 ATRs) 36.85
Chandelier Exit (Short, 3 ATRs) 36.82
Upper Bollinger Bands 38.50
Lower Bollinger Band 34.37
Percent B (%b) 1.03
BandWidth 11.33
MACD Line 0.09
MACD Signal Line -0.30
MACD Histogram 0.3912
Fundamentals Value
Market Cap 40.06 Billion
Num Shares 1.04 Billion
EPS -0.11
Price-to-Earnings (P/E) Ratio -351.18
Price-to-Sales 2.83
Price-to-Book 1.68
PEG Ratio 0.26
Dividend 3.87
Dividend Yield 10.02%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.10
Resistance 3 (R3) 39.07 38.90 39.02
Resistance 2 (R2) 38.90 38.78 38.91 38.99
Resistance 1 (R1) 38.76 38.71 38.83 38.79 38.97
Pivot Point 38.59 38.59 38.62 38.60 38.59
Support 1 (S1) 38.45 38.47 38.52 38.48 38.29
Support 2 (S2) 38.28 38.40 38.29 38.27
Support 3 (S3) 38.14 38.28 38.24
Support 4 (S4) 38.17