The Hourly View for TRP
At the time of this writing, TRP (Get Ratings)’s price is up $0.13 (0.28%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as TRP has now gone up 4 of the past 5 hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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’s Technical Outlook on the Daily Chart
At the moment, TRP’s price is up $0.31 (0.66%) from the day prior. This move is a reversal from the day prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 50 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. Tc Energy Corp’s price action over the past 90 days can be seen via the chart below.
For TRP News Traders
News traders keeping an eye on TRP may find value in this recent story:
The global economy is shifting its primary power source, moving away from fossil fuels toward renewable energy. Because of that long time horizon, the industry isn’t going to abandon the current infrastructure supporting fossil fuels anytime soon. Enbridge and TC Energy’s CEOs believe that their companies can play a vital role in the energy transition.
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