Why TC Energy Corporation ($TRP) Is Moving (2019-07-29)

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REPORTING FOR 2019-07-29 | LOGISTICS-BUSINESS-REVIEW.COM: We have conducted a deep analysis of how TC Energy Corporation ($TRP) has been trading over the last 2 weeks and the past day especially. On its latest session, TC Energy Corporation ($TRP) opened at 49.22, reaching a high of 49.38 and a low of 49.07 before closing at a price of 49.25. There was a total volume of 388642.

VOLUME INDICATORS: We saw an accumulation-distribution index of 525.83212, an on-balance volume of -48.99, chaikin money flow of 2.875 and a force index of 0.02755. There was an ease of movement rating of -0.00288, a volume-price trend of 1.52137 and a negative volume index of 1000.0.

VOLATILITY: We noted an average true range of 0.34306, bolinger bands of 49.2395, an upper bollinger band of 48.7151, lower bollinger band of 49.07, a bollinger high band indicator of nan, bollinger low band indicator of 1.0, a central keltner channel of 49.22333, high band keltner channel of 49.06333, low band keltner channel of 49.38333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 49.07, a donchian channel low band of 49.07, a donchian channel high band indicator of nan, and a donchian channel low band indicator of 1.0.

TREND: We calculated a Moving Average Convergence Divergence (MACD) of -0.00416, a MACD signal of -0.00231, a MACD difference of -0.00185, a fast Exponential Moving Average (EMA) indicator of 49.07, a slow Exponential Moving Average (EMA) indicator of 49.07, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.31596, a trix of 1.36717, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -1.49618, a KST Oscillator (KST) of 31.44956 and a KST Oscillator (KST Signal) of 31.44956 (leaving a KST difference of -0.97428). We also found an Ichimoku rating of 49.3, an Ichimoku B rating of 49.3, a Ichimoku visual trend A of 48.43696, an Ichimoku visual trend B of 49.11688, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of -4.0.

MOMENTUM: We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 90.88797, a stochastic oscillator of 193.75, a stochastic oscillator signal of 193.75, a Williams %R rating of 93.75 and an awesome oscillator of 0.16958.

RETURNS: There was a daily return of 3.14496, a daily log return of -0.37854 and a cumulative return of -0.37783.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-07-29 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for TC Energy Corporation ($TRP)…

For a more complete analysis, run all of this through the BTMA software. Also, to stay up to date with what is happening on TC Energy Corporation, we strongly advise TC Energy Corporation investors to subscribe to MarketBeat.com’s daily email newsletter for updates, news and analyst ratings on stocks like TC Energy Corporation – without this you are trading blind:

We will of course continue to cover the news and price action of TC Energy Corporation, but it’s easiest for you to just subscribe to MarketBeat’s newsletter above so you don’t miss anything.

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling TC Energy Corporation ($TRP) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Gary Ivenchuck

Gary is a stock trading expert and is responsible for covering technical analysis news on Logistics Business Review. Recently he has been working tirelessly to analyse stocks for our readers, and is always available to hear from people asking for stock analysis.

gary@logistics-business-review.com
Gary Ivenchuck

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