Stock Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Transcanada Pipelines Ltd (TSE:TRP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TRP
The long term trend has been DOWN since Sep 21st, 2018 at 53.26
The intermediate term trend has been UP since Jan 10th, 2019 at 53.55
The short term trend has been UP since Jan 2nd, 2019 at 49.48
Smart Scan Analysis for TRP
Based on a pre-defined weighted trend formula for chart analysis, TRP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||62.235||Year High Date||2018-01-03|
|Year Low||48.92||Year Low Date||2018-10-30|
|52wk High||63.29||52wk High Date||2017-12-08|
|52wk Low||48.92||52wk Low Date||2018-10-30|
|Year End Close||47.02||Average Volume||2,035,342|