Stock Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
TRANSCANADA PIPELINES LTD (TSE:TRP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 UP since Jun 20th, 2018 at 57.72
The intermediate term trend has been DOWN since Aug 15th, 2018 at 57.27
The short term trend has been DOWN since Aug 8th, 2018 at 57.36
Smart Scan Analysis for TRP
Based on a pre-defined weighted trend formula for chart analysis, TRP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||62.235||Year High Date||2018-01-03|
|Year Low||50.28||Year Low Date||2018-04-04|
|52wk High||65.18||52wk High Date||2017-11-21|
|52wk Low||50.28||52wk Low Date||2018-04-04|
|Year End Close||47.02||Average Volume||1,730,730|