Tc Energy Corp (TRP): Price Now Near $50.73; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for TRP

At the moment, TRP (Get Ratings)’s price is up $0.41 (0.82%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as TRP has now gone down 4 of the past 5 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Regarding moving averages, it should first be noted that price has crossed the 100 and 20 hour moving averages, resulting in them with price now being above them. 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.

Out of Utilities stocks, TRP ranks 25th 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 up $0.38 (0.74%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 100 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.


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