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TC ENERGY CORP - TRPCN 5.08 PERP (TRP-PR-E.CA) Stock Technical Analysis

TSX:TRP-PR-E - Toronto Stock Exchange - CA87807B8758 - Currency: CAD

19.54  -0.11 (-0.56%)

Technical Rating and Analysis

6

Overall TRP-PR-E gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TRP-PR-E is only an average performer.

Warning: TRP-PR-E has an average volume of 18342 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TRP-PR-E is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 70% of 220 stocks in the same industry.
TRP-PR-E is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TRP-PR-E is lagging the market slightly.
When comparing the performance of all stocks over the past year, TRP-PR-E turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
In the last month TRP-PR-E has a been trading in a tight range between 19.29 and 20.20.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
TC ENERGY CORP - TRPCN 5.08 PERP / TRP-PR-E Weekly stock chart
TC ENERGY CORP - TRPCN 5.08 PERP / TRP-PR-E Daily stock chart
Setup Rating and Analysis

6

Although the technical rating is only medium, TRP-PR-E does present a nice setup opportunity. 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 support zone below the current price at 19.38, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

17.17

20.38

2 important support areas can be observed.

  • A support zone ranging from 18.50 to 19.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @17.34 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 20.18 to 20.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.53
Mansfield-0.29
10 Day High20.2
10 Day Low19.53
20 Day High20.2
20 Day Low19.29
52 Week High20.2
52 Week Low16.83
Performance
1 Week-1.16%
2 Weeks-1.41%
1 Month0.72%
3 Month5.85%
6 Month6.78%
12 Month14.94%
2 Year22.51%
3 Year-3.65%
5 Year27.3%
10 Year-20.24%
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.06
RSI(14)47.49
LBB19.47
UBB20.1
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
19.7919.520.27 (1.37%)25.00%
An entry @19.79. This is a Buy Stop order right above the 10 day moving average.An exit @19.52. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.27 points, which is 1.37%.For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of TRP-PR-E. Please evaluate whether better entry and exit points can be found.
  • 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.
TC ENERGY CORP - TRPCN 5.08 PERP / TRP-PR-E Daily stock chart

TC ENERGY CORP - TRPCN 5.08 PERP

TSX:TRP-PR-E (2/11/2025, 7:00:00 PM)

19.54

-0.11 (-0.56%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.56%
1 Week-1.16%
2 Weeks-1.41%
1 Month0.72%
3 Month5.85%
6 Month6.78%
12 Month14.94%
2 Year22.51%
3 Year-3.65%
5 Year27.3%
10 Year-20.24%
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%1.08%
ATR Inc-18.49%
Range Today0.17
ADR(20)0.18
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.53
Mansfield-0.29
10 Day High20.2
10 Day Low19.53
20 Day High20.2
20 Day Low19.29
52 Week High20.2
52 Week Low16.83
CS1 End19.38
CR1 Start20.18
Volume & EV
DER(3)-0.39%
DER(5)-0.24%
Volume11.19K
Volume Incr-74.02%
Vol(5)5.66K
Vol(50)18.34K