Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
Toronto Stock Exchange / Energy / Oil, Gas & Consumable Fuels
Taking everything into account, TRP scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, TRP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, TRP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 69.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 69.21, a Stop Loss order could be placed below this zone.
More info and screens
62.56
We found 3 important support areas.
- A support zone ranging from 68.23 to 69.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 65.73 to 65.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 63.19 to 64.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 69.65 to 70.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for TRP.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRP.CA is neutral. |
| ChartMill Relative Strength | 82.17 | POSITIVE | TRP.CA has a high relative strength, it outperformed 82.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRP.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRP.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRP.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.9 | NEUTRAL | The RSI value for TRP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TRP.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.05 | NEUTRAL | The Stochastics value for TRP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for TRP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 9.38 | NEGATIVE | The low ADX value for TRP.CA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 70.64 | 68.22 | 2.42 (3.43%) | 25.00% |
| An entry @70.64. This is a Buy Stop order right above the resistance zone. | An exit @68.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.42 points, which is 3.43%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.