Technical Analysis for TRP - TransCanada Corporation

Grade Last Price % Change Price Change
C 45.11 1.71% 0.76
TRP closed up 1.71 percent on Friday, October 4, 2024, on 1.62 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
50 DMA Resistance Bearish 1.71%
Lower Bollinger Band Walk Weakness 1.71%
Lower Bollinger Band Touch Weakness 1.71%
Fell Below 20 DMA Bearish 2.45%
Fell Below 50 DMA Bearish 2.45%
MACD Bearish Signal Line Cross Bearish 2.45%
New Downtrend Bearish 2.45%
Stochastic Sell Signal Bearish 2.45%

   Recent Intraday Alerts

Alert Time
Up 1% about 21 hours ago
60 Minute Opening Range Breakout about 22 hours ago
Rose Above Previous Day's High about 23 hours ago
Rose Above 50 DMA about 23 hours ago
50 DMA Resistance about 24 hours ago

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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 Pipeline Systems Oil Pipeline 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 48.42
52 Week Low 31.2843
Average Volume 2,659,726
200-Day Moving Average 39.12
50-Day Moving Average 44.51
20-Day Moving Average 45.92
10-Day Moving Average 46.33
Average True Range 1.12
RSI (14) 48.19
ADX 27.46
+DI 23.76
-DI 32.47
Chandelier Exit (Long, 3 ATRs) 45.06
Chandelier Exit (Short, 3 ATRs) 46.75
Upper Bollinger Bands 48.12
Lower Bollinger Band 43.71
Percent B (%b) 0.32
BandWidth 9.61
MACD Line 0.34
MACD Signal Line 0.64
MACD Histogram -0.2976
Fundamentals Value
Market Cap 46.78 Billion
Num Shares 1.04 Billion
EPS -0.11
Price-to-Earnings (P/E) Ratio -410.09
Price-to-Sales 2.83
Price-to-Book 1.68
PEG Ratio 0.26
Dividend 3.87
Dividend Yield 8.58%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 46.74
Resistance 3 (R3) 46.58 45.88 46.47
Resistance 2 (R2) 45.88 45.47 45.96 46.38
Resistance 1 (R1) 45.50 45.21 45.69 45.65 46.29
Pivot Point 44.80 44.80 44.90 44.88 44.80
Support 1 (S1) 44.41 44.38 44.61 44.57 43.93
Support 2 (S2) 43.71 44.13 43.79 43.84
Support 3 (S3) 43.33 43.71 43.75
Support 4 (S4) 43.48