TC ENERGY CORP (TRP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:TRP - CA87807B1076 - Common Stock
Overall TRP gets a technical rating of 9 out of 10. 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.
TRP has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
49.28
2 important support areas can be observed.
- A support zone ranging from 53.02 to 54.44. 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.
We found 1 important resistance area.
- A resistance zone ranging from 55.85 to 55.85. 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 | 75.34 | POSITIVE | TRP has a high relative strength, it outperformed 75.34% 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) | 64.64 | NEUTRAL | The RSI value for TRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TRP has a positive trend. |
| Stochastics (14,3) | 82.56 | OVERBOUGHT | The high Stochastics value suggests TRP may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for TRP suggests low volalility. |
| Average Directional Index/ADX (14) | 20.96 | NEUTRAL | The ADX value for TRP suggests a possible start of a new trend. |
55.84
+0.97 (+1.77%)
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 64.6421. 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.