Technical Secrets :: TransCanada Corporation, (NYSE: TRP)

Intraday Trading of TransCanada Corporation:

The Basic Materials stock finished its last trading at $40.62 while performed a change of -0.05% on 11-01-2019 (Friday). TransCanada Corporation, a Canada based Company, belongs to Basic Materials sector and Oil & Gas Pipelines industry. The TransCanada Corporation has the market capitalization of $35.97B.

Its EPS was $2.07 while outstanding shares of the company were 885.56M. Active and passive shareholders always require every bit of information available regarding his chosen security and this include keeping a close watch on fundamental and technical data.

Trading volume, or volume, is the number of shares or contracts that point towards the overall activity of a security or market for a given period. Trading volume, or volume, is the number of shares or contracts that indicates the overall activity of a security or market for a given period. Trading volume is an important technical indicator a shareholder uses to confirm a trend or trend reversal. The TransCanada Corporation exchanged hands with 3273398 shares compared to its average daily volume of 1.66M shares.

Performance Review:

To clear the blur picture shareholders will need to look a little deeper. The TransCanada Corporation has shown a weekly performance of 5.53% and monthly performance stands at 2.94%. The stock has shown a quarterly performance of 0.67% and a half-year performance stands at -6.94%. Analyst recommendation for this stock stands at 1.7.

Technical Analysis of TransCanada Corporation:

ATR stands at 1.03 while a Beta factor of the stock stands at 0.7. Volatility is a statistical measure of the dispersion of returns for a given security or market index.

Looking into the profitability ratios of TRP stock, the investor will find its ROE, ROA, ROI standing at 14.6%, 3.7% and 4%, respectively. The current relative strength index (RSI) reading is 63.54.

SMA (Simple Moving Average):

Its distance from 20 days simple moving average is 6.59%, and its distance from 50 days simple moving average is 4% while it has a distance of -2.46% from the 200 days simple moving average.

Moving averages (MA) are one of the most accepted and often-used technical indicators. The moving average is easy to calculate and, once plotted on a chart, is a powerful visual trend-spotting tool. In theory, there is an infinite number of simple moving averages, but the most common are three SMA20, SMA50, and SMA200. SMA20 is the last stop on the bus for short-term traders.

Beyond SMA20 one is basically looking at primary trends. The 50-day moving average is more responsive to price changes than the 200-day moving. In general, traders ca boost the responsiveness of a moving average by decreasing the period and smooth out movements by increasing the period.
SMA50 is used by traders to gauge mid-term trends.

Whereas long-term trend followers generally use SMA200 and most shareholders will look for a cross above or below this average to represent if the stock is in a bullish or bearish trend.

The company’s distance from 52-week high price is -16.23% and while current price is 17.47% from 52-week low price. As of now, TransCanada Corporation has a P/S, P/E and P/B values of 3.63, 19.61 and 2.07 respectively.