TC ENERGY CORP (TRP) Stock Technical Analysis
USA - NYSE:TRP - CA87807B1076 - Common Stock
52.77 USD
-0.02 (-0.04%)
52.77 USD
0 (0%)
We assign a technical rating of 7 out of 10 to TRP. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TRP is only an average performer.
In the last month TRP has a been trading in the 52.00 - 55.37 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TRP is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. TRP outperforms 79% of them.
TRP 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 is lagging the market slightly.
TRP has an average volume of 1783520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TRP did better than 71% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
More info and screens
44.66
55.67
3 important support areas can be observed.
- A support zone ranging from 48.85 to 49.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.57 to 47.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.11 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.12 to 55.12. 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 | NEUTRAL | NEUTRAL | The short term trend for TRP is neutral. |
| ChartMill Relative Strength | 71.89 | POSITIVE | TRP has a high relative strength, it outperformed 71.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRP is below 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) | 47.53 | NEUTRAL | The RSI value for TRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests TRP has a negative trend. |
| Stochastics (14,3) | 10.38 | OVERSOLD | The low Stochastics value suggests TRP may be oversold. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for TRP suggests low volalility. |
| Average Directional Index/ADX (14) | 38.04 | POSITIVE | The high ADX value value for TRP suggests a strong trend. |
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)
52.77
-0.02 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.04%
1 Week-3.16%
2 Weeks-1.29%
1 Month0.94%
3 Month10.47%
6 Month6.78%
12 Month9.71%
2 Year53.18%
3 Year20.15%
5 Year33.73%
10 Year57.1%
15 Year42.81%
Volatility
ATR(14)0.94
ATR(20)%1.63%
ATR Inc-3.92%
Range Today0.92
ADR(20)0.86
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.89
Mansfield-0.2
10 Day High55.37
10 Day Low52.46
20 Day High55.37
20 Day Low52
52 Week High55.37
52 Week Low43.51
CS1 End49.34
CR1 Start55.12
Volume & EV
DER(3)1.02%
DER(5)1.55%
Volume875.50K
Volume Incr-12.02%
Vol(5)1.88M
Vol(50)1.78M