TC ENERGY CORP (TRP) Technical Analysis
NYSE:TRP • CA87807B1076
Current stock price
63.02 USD
-0.44 (-0.69%)
At close:
62.79 USD
-0.23 (-0.36%)
After Hours:
TRP Technical Rating and Analysis
Overall TRP gets a technical rating of 9 out of 10. In the last year, TRP was one of the better performers, but we do observe some doubts in the very recent evolution.
- TRP is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 62% of 209 stocks in the same industry do better.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, TRP did better than 82% of all other stocks. On top of that, TRP also shows a nice and consistent pattern of rising prices.
- 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 2555360 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 62.40 and 65.12.
TRP Weekly and Daily overview Charts
TRP Setup Rating and Analysis
TRP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 63.01, a Stop Loss order could be placed below this zone.
More info and screens
TRP Support and Resistance Analysis
52.84
65.74
When analyzing the support we can see 3 important areas.
- Support @63.01 from a horizontal line in the daily time frame.
- A support zone ranging from 57.41 to 58.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 53.37 to 53.80. 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 63.14 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 | NEUTRAL | NEUTRAL | The short term trend for TRP is neutral. |
| ChartMill Relative Strength | 82.56 | POSITIVE | TRP has a high relative strength, it outperformed 82.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TRP is below a declining 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) | 49.53 | NEUTRAL | The RSI value for TRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests TRP has a negative trend. |
| Stochastics (14,3) | 38.24 | NEUTRAL | The Stochastics value for TRP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for TRP suggests low volalility. |
| Average Directional Index/ADX (14) | 24.41 | NEUTRAL | The ADX value for TRP suggests a possible start of a new trend. |
TRP 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)
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 |
|---|---|---|---|
| 63.76 | 63.00 | 0.76 (1.19%) | 25.00% |
| An entry @63.76. This is a Buy Stop order right above the 10 day moving average. | An exit @63.00. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.76 points, which is 1.19%. | For a 0.30% 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. 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.
TRP Technicals: Chart, Performance Metrics, Trend & Indicators
63.02
-0.44 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.69%
1 Week-1.42%
2 Weeks-1.96%
1 Month-3.18%
3 Month12.68%
6 Month14.35%
12 Month37.18%
2 Year56.77%
3 Year61.96%
5 Year37.75%
10 Year60.32%
15 Year55.49%
Volatility
ATR(14)1.12
ATR(20)%1.77%
ATR Inc28.44%
Range Today1.63
ADR(20)1.1
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.56
3 months CRS88.97
6 months CRS86.51
Mansfield1.95
10 Day High64.98
10 Day Low62.4
20 Day High65.12
20 Day Low62.4
52 Week High65.57
52 Week Low43.59
CS1 End63.01
CR1 Start63.14
Volume & EV
DER(3)2.27%
DER(5)1.8%
Volume2.58M
Volume Incr2.98%
Vol(5)2.56M
Vol(50)2.56M
TC ENERGY CORP / TRP TA 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 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 49.5267. 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 -0.267744, indicating a bearish trend.