Stock Trend Analysis Report
Prepared for you on Monday, February 6, 2023.
Transcanada Pipelines Ltd (TSE:TRP)
Long-Term Downtrend (-90) - TRP is in a strong downtrend that is likely to continue. While TRP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid TRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for TRP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TRP
The long-term trend has been DOWN since Jun 16th, 2022 at 67.54
The intermediate-term trend has been DOWN since Feb 1st, 2023 at 54.35
The short-term trend has been DOWN since Jan 24th, 2023 at 57.40
Smart Scan Analysis for TRP
Based on our trend formula, TRP is rated as a -90 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|