Technical analysis from Transcanada Corp (TRP.TO.TO, TSE:TRP.TO) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Transcanada Corp
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The MACD continues to fall below the signal line for TRP [Bearish]
MACD /
The MACD continues to fall below the signal line for TRP [Bearish]

[BEARISH]: Transcanada Corp currently has negative MACD of -0.2736. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -1.2%.

Transcanada Corp has broken above the 161.8% extension level ($33.74) [Bearish]
Fibonacci Extensions /
Transcanada Corp has broken above the 161.8% extension level ($33.74) [Bearish]

Transcanada Corp has moved above the 161.8% level ($33.74) [Bearish]. Look for a short limit order entry near this point. Exit price for TRP should be set @$39.6 & short position stoploss for Transcanada Corp should be set at $27.88

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Transcanada Corp

TRP: TMA Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Medium Trend /
Daily bar has maintained 2nd timeframe Downtrend for TRP

[BEARISH]: Transcanada Corp has a medium timeframe downtrend confirmation. This was confirmed through a price breakout on the May 22 2018.

Average True Range /
Daily bar has confirmed has confirmed an ATR downtrend is intact for TRP

[Bearish]: Average True Range has confirmed an downtrend is present. Transcanada Corp has a TR of 0.67, and an ATR(14) of 0.889.

Percentage Volume /
Negative momentum on volume for TRP has been confirmed & supports a bearish move is likely

[BEARISH CROSSOVER]: Transcanada Corp currently has negative PVO -0.44%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0%.

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Exponential Moving Average /
Exponential Moving Average(5) signal continues for Transcanada Corp indicating downward price movement is likely

TRP: EMA(5) Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH CROSSOVER

Stochastic Oscillator /
Stochastic oversold signal continues for Transcanada Corp indicating upward price movement is likely

[BULLISH]: Transcanada Corp is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

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[Bullish]: Transcanada Corp has beaten previous close by 0.1 %
Closing Price /
[Bullish]: Transcanada Corp has beaten previous close by 0.1 %

[BULLISH]: Transcanada Corp current uptrend in the first timeframe. Currently, the Close is $54.02.

TRP Basic Candle: White
White Candle /
TRP Basic Candle: White

[BULLISH]: Transcanada Corp has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Tweezer Piercing /
Transcanada Corp: Tweezer Piercing

[BULLISH]: Transcanada Corp has formed a new Tweezer Piercing reversal pattern.

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Transcanada Corp [Bearish]

[BEARISH]: Transcanada Corp currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0.1%.

High Price /
[Bearish]: Transcanada Corp has failed beat previous high by -0.3 %

[BEARISH]: Transcanada Corp current downtrend in the first timeframe. Currently, the HIGH is -0.3 %.

Transcanada Corp has signalled an Average Directional Index weak trend present
Average Directional Movement /
Transcanada Corp has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for TRP has confirmed a weak trend is present. Transcanada Corp has an ATR(14) of 0.889, a DX of 22.41 & an ADX(14) of 15.77

DVI: Distribution still active for Transcanada Corp
Daily Volume Index /
DVI: Distribution still active for Transcanada Corp

TRP: DVI Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Open Tod Vs Close Tod /
Transcanada Corp: Buyers have lost commitment.

[BULLISH WEAK]: Transcanada Corp opened in the lower part of daily range at 0% & closed in the middle part of the trading range at 61.2%. This suggests the buyers have lost commitment. Over the last 12 months there has been 20 trading days with the opening price in the lower shadow & the closing the price in the middle shadow giving a confirmation ratio of 7.6%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the middle price range giving a confirmation ratio of 11.1%.

Elder Ray Index /
[Bear Power]: ERI has increased for Transcanada Corp during the last trading session

TRP: Elder Ray Index Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Momentum /
Momentum(5) is now increasing for Transcanada Corp

TRP: MOM Current Signal -> (1) 25 May: BULLISH CROSSOVER (2) 24 May: BEARISH (3) 23 May: BEARISH

The Volume MACD for TRP is losing momentum through a fall on the short term EMA
MACD Volume /
The Volume MACD for TRP is losing momentum through a fall on the short term EMA

[BEARISH]: Transcanada Corp currently has negative Volume MACD of -42680. This means the signal line is less than the Volume MACD line signalling a bearish movement.

William %R for TRP is still below the oversold limit signalling a bullish movement
Williams %R /
William %R for TRP is still below the oversold limit signalling a bullish movement

[BEARISH]: Transcanada Corp is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Transcanada Corp opening price of $53.61 (-1.4 %)
Opening Price /
Transcanada Corp opening price of $53.61 (-1.4 %)

[BEARISH]: Transcanada Corp opening price has gapped down. Currently, the OPEN is $53.61 (-1.4 %).

Long Trend /
Transcanada Corp: Long Term Trend (Uptrend)

[BULLISH]: Transcanada Corp is in an uptrend in the medium term timeframe. The current rally number is 275 & the highest rally count for the LTM is 275. The highest rally for the month is 18

Moving Average Envelope /
[Bullish]: Transcanada Corp current trading has maintained the Envelope Bands to oversold status

[BULLISH]: Transcanada Corp current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 51.8985.

Volume /
[Bearish]: Lower volume has formed for TRP by -7.7 during the last trading session

[BEARISH]: Transcanada Corp current volume downtrend in the first timeframe. Volume for TRP is 1.55367e+006 (-7.7).

Elders Force Index /
Recent trading highlights continued selling pressure is present for TRP

TRP: Elders Force Index Current Signal -> (1) 25 May: BEARISH (2) 24 May: BEARISH (3) 23 May: BEARISH

Transcanada Corp: Range ($0.67)
Price Range /
Transcanada Corp: Range ($0.67)

[BEARISH]: Transcanada Corp current downtrend in the first timeframe. Currently, the Range is $0.67.

Transcanada Corp: Detrended Price Oscillator(20) is -0.928
Detrended Price Oscillator /
Transcanada Corp: Detrended Price Oscillator(20) is -0.928

[BEARISH]: Transcanada Corp currently has a confirmed downtrend. Price is currently below the displaced moving average for TRP. Currently, the return on DPO20 is 0.1%.

Commodity Channel Index /
Transcanada Corp: Potential CCI trend reversal has been identified

[BULLISH]: Transcanada Corp current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -128. The bullish signal has been active for 3 days. During the quarter, the lowest CCI value was -151.

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