Tc Energy Corp (TRP): Price Now Near $49.45; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for TRP

At the time of this writing, TRP (Get Ratings)’s price is down $-0.18 (-0.36%) from the hour prior. TRP has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly 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.

TRP ranks 93rd in terms of today’s price percentage change out of Utilities stocks.

TRP’s Technical Outlook on the Daily Chart

At the moment, TRP’s price is down $-1 (-1.98%) from the day prior. The daily chart shows that TRP has seen 2 straight down days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Tc Energy Corp’s price action over the past 90 days can be seen via the chart below.

TRP

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TRP: Daily RSI Analysis

  • TRP’s RSI now stands at 4.7872.
  • TRP and RSI both have consistent trends, as they are both heading down.

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