TC ENERGY CORP (TRP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRP - CA87807B1076 - Common Stock
Taking everything into account, TRP scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TRP is showing a nice and steady performance.
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. There is a resistance zone just above the current price starting at 55.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.26, 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.
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3 important support areas can be observed.
- A support zone ranging from 52.96 to 54.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.78 to 51.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @47.23 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 55.11 to 55.24. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TRP is up. |
| ChartMill Relative Strength | 72.26 | POSITIVE | TRP has a high relative strength, it outperformed 72.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TRP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TRP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TRP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.34 | NEUTRAL | The RSI value for TRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TRP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.84 | NEUTRAL | The Stochastics value for TRP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for TRP suggests low volalility. |
| Average Directional Index/ADX (14) | 20.45 | NEUTRAL | The ADX value for TRP suggests a possible start of a new 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 |
|---|---|---|---|
| 55.25 | 53.28 | 1.97 (3.57%) | 25.00% |
| An entry @55.25. This is a Buy Stop order right above the resistance zone. | An exit @53.28. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.97 points, which is 3.57%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.89%. |
- 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.
54.87
+0.5 (+0.92%)
TC ENERGY CORP / TRP FAQ
Can you provide the ChartMill technical rating for TC ENERGY CORP?
ChartMill assigns a technical rating of 9 / 10 to TRP.
What is the current trend direction of TC ENERGY CORP (TRP) stock?
The current trend direction for TC ENERGY CORP (TRP) is Bullish.
What is the RSI signal for TC ENERGY CORP (TRP) stock?
TC ENERGY CORP (TRP) has an RSI value of 58.3428. This indicates that the stock is currently neutral.
What is the short term momentum for TC ENERGY CORP (TRP) stock?
The short term momentum for TC ENERGY CORP (TRP) is positive.
What is the buy/sell signal for TRP stock?
The buy/sell signal for TC ENERGY CORP (TRP) is buy as both the short term and long term trends are positive.