Technical Analysis for TRP - TransCanada Corporation

Grade Last Price % Change Price Change
A 49.72 1.04% 0.51
TRP closed down 1.24 percent on Wednesday, November 20, 2024, on approximately 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
Multiple of Ten Bearish Other 1.04%
Outside Day Range Expansion 1.04%
Overbought Stochastic Strength 1.04%
Stochastic Reached Overbought Strength -0.22%
Inside Day Range Contraction -0.22%
Overbought Stochastic Strength -0.22%
New 52 Week Closing High Bullish -0.36%
Multiple of Ten Bearish Other -0.36%
Up 3 Days in a Row Strength -0.36%
Up 4 Days in a Row Strength -0.36%

   Recent Intraday Alerts

Alert Time
10 DMA Support 32 minutes ago
Possible NR7 2 days ago
Possible Inside Day 2 days ago
Down 1% 2 days ago
Rose Above Upper Bollinger Band 3 days 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 50.22
52 Week Low 33.8172
Average Volume 2,516,230
200-Day Moving Average 40.79
50-Day Moving Average 46.92
20-Day Moving Average 48.05
10-Day Moving Average 49.16
Average True Range 0.97
RSI (14) 58.85
ADX 30.83
+DI 30.37
-DI 16.37
Chandelier Exit (Long, 3 ATRs) 47.32
Chandelier Exit (Short, 3 ATRs) 48.84
Upper Bollinger Bands 50.55
Lower Bollinger Band 45.54
Percent B (%b) 0.73
BandWidth 10.42
MACD Line 0.81
MACD Signal Line 0.71
MACD Histogram 0.0931
Fundamentals Value
Market Cap 51.03 Billion
Num Shares 1.04 Billion
EPS -0.11
Price-to-Earnings (P/E) Ratio -447.36
Price-to-Sales 2.83
Price-to-Book 1.68
PEG Ratio 0.26
Dividend 3.87
Dividend Yield 7.86%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.60
Resistance 3 (R3) 51.60 50.82 51.20
Resistance 2 (R2) 50.82 50.21 50.81 51.06
Resistance 1 (R1) 50.01 49.83 49.62 50.01 50.93
Pivot Point 49.23 49.23 49.03 49.22 49.23
Support 1 (S1) 48.42 48.62 48.03 48.42 47.49
Support 2 (S2) 47.64 48.24 47.63 47.36
Support 3 (S3) 46.83 47.64 47.22
Support 4 (S4) 46.83