Logo image of TRP.CA

TC ENERGY CORP (TRP.CA) Stock Technical Analysis

TSX:TRP - Toronto Stock Exchange - CA87807B1076 - Common Stock - Currency: CAD

69.54  +0.74 (+1.08%)

Technical Rating and Analysis

9

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.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, TRP did better than 81% of all other stocks. On top of that, TRP also shows a nice and consistent pattern of rising prices.
TRP is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. TRP outperforms 91% of them.
TRP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TRP is leading the market.
TRP has an average volume of 6803250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TRP has a been trading in a tight range between 66.89 and 70.88.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
TC ENERGY CORP / TRP Weekly stock chart
TC ENERGY CORP / TRP Daily stock chart
Setup Rating and Analysis

9

TRP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 69.49, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

62.56

71.34

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 68.42 to 69.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 65.91 to 66.09. 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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for TRP.CA is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for TRP.CA is neutral.
ChartMill Relative Strength81.15POSITIVETRP.CA has a high relative strength, it outperformed 81.15% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of TRP.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of TRP.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of TRP.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)54.64NEUTRALThe RSI value for TRP.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.05NEGATIVEThe MACD value suggests TRP.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)66.15NEUTRALThe Stochastics value for TRP.CA is a neutral value.
Average True Range in percent/ATR (20)1.65LOW VOLATILITYThe low ATR as a percentage value for TRP.CA suggests low volalility.
Average Directional Index/ADX (14)7.2NEGATIVEThe low ADX value for TRP.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
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
70.6468.412.23 (3.16%)25.00%
An entry @70.64. This is a Buy Stop order right above the resistance zone.An exit @68.41. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 2.23 points, which is 3.16%.For a 0.79% 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.
TC ENERGY CORP / TRP Daily stock chart

TC ENERGY CORP

TSX:TRP (5/30/2025, 7:00:00 PM)

69.54

+0.74 (+1.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.08%
1 Week0.45%
2 Weeks-0.2%
1 Month0.36%
3 Month7.45%
6 Month1.88%
12 Month32.31%
2 Year31.6%
3 Year-5.01%
5 Year12.07%
10 Year29.02%
15 Year95.89%
Volatility
ATR(14)1.03
ATR(20)%1.65%
ATR Inc-25.66%
Range Today0.99
ADR(20)1.15
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.15
Mansfield0.49
10 Day High70.05
10 Day Low68.18
20 Day High70.88
20 Day Low66.89
52 Week High70.97
52 Week Low50.59
CS1 End69.49
CR1 Start69.65
Volume & EV
DER(3)-2.31%
DER(5)-0.55%
Volume4.09M
Volume Incr-28.42%
Vol(5)2.21M
Vol(50)6.80M