TC ENERGY CORP (TRP) Technical Analysis
NYSE:TRP • CA87807B1076
Current stock price
TRP Technical Rating and Analysis
Taking everything into account, TRP scores 10 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TRP is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by TRP over the past year are nicely spread over this period.
- 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- TRP has an average volume of 2462180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TRP is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 56% of 207 stocks in the same industry.
TRP Weekly and Daily overview Charts
TRP Setup Rating and Analysis
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 support zone below the current price at 63.69, a Stop Loss order could be placed below this zone.
More info and screens
TRP Support and Resistance Analysis
52.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 63.13 to 63.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.56 to 57.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 53.01 to 53.63. 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 63.86 to 65.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
TRP 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.
| 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 | 86.13 | POSITIVE | TRP has a high relative strength, it outperformed 86.13% 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) | 61.17 | NEUTRAL | The RSI value for TRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests TRP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.82 | NEUTRAL | The Stochastics value for TRP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for TRP suggests some volalility. |
| Average Directional Index/ADX (14) | 40.05 | POSITIVE | The high ADX value value for TRP suggests a strong trend. |
TRP Chart- and CandleStick Pattern Analysis
TRP 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 65.10 | 63.12 | 1.98 (3.04%) | 25.00% |
| An entry @65.10. This is a Buy Stop order right above the resistance zone. | An exit @63.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.98 points, which is 3.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- 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.
TRP Technicals: Chart, Performance Metrics, Trend & Indicators
63.7
+0.56 (+0.89%)
TC ENERGY CORP / TRP TA FAQ
Can you provide the ChartMill technical rating for TC ENERGY CORP?
ChartMill assigns a technical rating of 10 / 10 to TRP.
What is the trend direction for 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 61.1749. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TC ENERGY CORP?
The MACD indicator for TC ENERGY CORP (TRP) has a value of -0.313467, indicating a bearish trend.
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.