Tc Energy Corp (TRP): Price Now Near $47.21; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for TRP

Currently, TRP (Get Ratings)’s price is up $0.21 (0.45%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Out of Utilities stocks, TRP ranks 95th in regards to today’s price percentage change.

TRP’s Technical Outlook on the Daily Chart

At the time of this writing, TRP’s price is down $-0.04 (-0.08%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as TRP has now gone down 5 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows TRP’s price action over the past 90 days.

TRP

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TRP: Daily RSI Analysis

  • TRP’s RSI now stands at 0.
  • TRP and RSI both have consistent trends, as they are both heading down.

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