Technical Analysis for TRP - TransCanada Corporation

Grade Last Price % Change Price Change
F 41.93 -2.83% -1.22
TRP closed down 2.83 percent on Friday, February 26, 2021, on 1.73 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical TRP trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
MACD Bearish Signal Line Cross Bearish 0.00%
Gapped Down Weakness 0.00%
Fell Below 200 DMA Bearish -2.83%
Fell Below 20 DMA Bearish -2.83%
50 DMA Support Bullish -2.83%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.83%
200 DMA Support Bullish -6.64%
180 Bullish Setup Bullish Swing Setup -6.64%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -6.64%
Older End-of-Day Signals for TRP ...

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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 Energy Infrastructure S&P/Tsx 60 Index Natural Gas Storage Gas Pipelines Pipeline Systems Natural Gas Pipelines Oil Pipeline Crude Oil Pipeline Oil Pipelines Crude Oil Pipeline System Gas Storage Facilities Gas Pipeline System Natural Gas Storage Facilities Natural Gas Pipeline System Tc Pipelines Gas Storage Capacity Hardisty Natural Gas Pipeline Systems Scana

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 55.25
52 Week Low 32.37
Average Volume 2,165,075
200-Day Moving Average 44.04
50-Day Moving Average 43.09
20-Day Moving Average 43.64
10-Day Moving Average 44.28
Average True Range 1.07
ADX 14.92
+DI 17.42
-DI 26.59
Chandelier Exit (Long, 3 ATRs ) 42.48
Chandelier Exit (Short, 3 ATRs ) 45.10
Upper Bollinger Band 45.50
Lower Bollinger Band 41.79
Percent B (%b) 0.04
BandWidth 8.49
MACD Line 0.12
MACD Signal Line 0.28
MACD Histogram -0.158
Fundamentals Value
Market Cap 39.41 Billion
Num Shares 940 Million
EPS 2.78
Price-to-Earnings (P/E) Ratio 15.08
Price-to-Sales 4.24
Price-to-Book 1.95
PEG Ratio 4.64
Dividend 2.43
Dividend Yield 5.80%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.67
Resistance 3 (R3) 43.85 43.45 43.38
Resistance 2 (R2) 43.45 43.01 43.36 43.28
Resistance 1 (R1) 42.69 42.73 42.49 42.51 43.19
Pivot Point 42.29 42.29 42.19 42.20 42.29
Support 1 (S1) 41.53 41.85 41.33 41.35 40.67
Support 2 (S2) 41.13 41.57 41.04 40.58
Support 3 (S3) 40.37 41.13 40.48
Support 4 (S4) 40.19